Regis Corporation (NYSE:RGS) Q4 2022 Earnings Conference Call August 23, 2022 10:00 AM ET

Company Participants

Biz McShane Murphy - VP & Controller

Matthew Doctor - President & CEO

Kersten Zupfer - EVP & CFO

Conference Call Participants

Stephanie Wissink - Jefferies & Company

Biz McShane Murphy

Good morning, and thank you for joining the Regis fourth Quarter 2022 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 slides to help participants follow along. After the prepared remarks, we will have time for questions. Please use the Q&A feature or the raise-your-hand feature to ask a question. Also joining Matt and Kersten on this call is Jim Lain, our Chief Operations Officer. I’m your host, Biz McShane, Vice President and Corporate Controller.

As a reminder, this conference is being recorded. I would like to remind everyone that the language on forward-looking statements included in our earnings release, and 8-K filing, also apply to our comments made on the call today. These documents, along with our presentation today, can be found on our website, www.Regiscorp.com/investorrelations, along with the reconciliation of any non-GAAP financial measures mentioned on today’s call with our corresponding GAAP measures. Today’s slides are located in the supplemental financial section of the investor site. With that, I will now turn the call over to Matt.

Matthew Doctor

Thanks, Biz, and good morning, everyone. First off, I want to thank you all for listening in and your interest in Regis. This was a call I was very much looking forward to, as there’s been a lot going on in our business, with some major announcements coming out from us over the last few months, announcements that I am very proud of and excited to bring forward. The goal of today’s call is to fill you in on the details of those major items, go through the results for the quarter and the fiscal year, and further discuss the key initiatives we are focused on for fiscal 2023.

As I reflect on fiscal ‘22, there are some key themes that come to mind. Those themes are, one, the right team, two, business transformation, three, progress, and four, momentum. In terms of the team, there have been several changes that took place over the last year. I mean, starting with me, I came into my role as CEO in the middle of our fiscal year. Our Chairman, Dave Grissen, while not new to the board, stepped into his role as Chairman in November 2021. And alongside of us is a great mix of tenured members, like our Chief financial Officer, Kersten, our Chief Operations Officer, Jim, and our Head of Education and Merchandising, Jamie, who has been elevated to the leadership team due to his connection with the stylist community, which is so key in this industry, as well as our new hires, including our Chief Technology Officer, John, who has recently been appointed as our Chief Digital Officer, our Chief People Officer, Michael, General Counsel, Andra, and brand new as of a day go, Head of Marketing, Michelle. I say all of this as I want you to know we have a new-look leadership team that represents the right mix of tenure, skill sets, passion, and dedication, to continue driving the turnaround of Regis. This is a group that fights for this company, is solution-oriented, and forward-thinking. This is the right team at the right time, and I am proud that we’ve been able to band together during times of major change and challenges, and I look forward to continuing on this journey with them, and I’m grateful to have them as teammates.