Regis Corporation (NYSE:RGS) Q1 2023 Earnings Conference Call November 1, 2022 8:30 AM ET
Company Participants
Biz McShane - Vice President-Corporate Controller
Matthew Doctor - President & Chief Executive Officer
Kersten Zupfer - Executive Vice President & Chief Financial Officer
Conference Call Participants
Biz McShane
Good morning and thank you for joining the Regis First Quarter 2023 Earnings Release Conference Call. All participants are in a listen-only mode. The prepared remarks by our President and Chief Executive Officer, Matthew Doctor; and Executive Vice President and Chief Financial Officer, Kersten Zupfer are accompanied by the slides to help participants follow on.
After the prepared remarks, we will have time for questions. Please use the chat feature or raise your hand feature to ask a question. Also joining Matt and Kersten on this call is Jim Lain, our Chief Operations Officer. I am your host, Biz McShane, Vice President, Corporate Controller.
As a reminder, this conference is being recorded. I'd like to remind everyone that the language on forward-looking statements included in our earnings release and 8-K filing are also applied to our comments made on the call today. These documents along with our presentation can be found on our website www.regiscorp.com/investorRelations along with the reconciliation of any non-GAAP financial measures mentioned on our call today with the corresponding GAAP measure. Today's slides are also located in the Supplemental Financial section of the Investor site.
With that, I will now turn the call over to Matt.
Matthew Doctor
Thank you, Biz. Good morning, everyone, and thank you for your interest in Regis. I am excited to speak with you today and share our results for the quarter. Over the past several quarters, perhaps years even, we've been discussing what our company will look like and what the results should be on the other side of completing the transition to a fully franchised model, and winding down our legacy businesses.
Over the course of the past year, we've made a lot of progress on this front. And I mentioned on our last call that we should start demonstrating positive EBITDA going forward and we are starting to do exactly that. We have come a long way through the hard work and resilience of the Regis team and our franchise, and that work is coming to fruition in our results.
I am pleased to share our positive start to the year with the first quarter marking key milestones as we make progress towards advancing our strategy. To this end in the first quarter, we generated more EBITDA than all of fiscal 2022, and we recorded positive operating income for the first time since the quarter ended September 30, 2018.