RGS — what changed in the latest 10-K

Text added vs the prior filing · source: 10-K · 2026-09-01

• In December 2024, the Company acquired Super C Group, LLC, doing business as Alline Salon Group (Alline), bringing a portfolio of 314 salons, of which 261 remain in operation as of June 30, 2026, across the Supercuts, Cost Cutters, and Holiday Hair brands under Regis Corporation (the Alline Acquisit…

• Our people and culture are fundamental to our success. Our vision is to define the future of haircare through a scaled portfolio of relevantly differentiated, category-leading brands — powered by digital innovation and operational excellence — to deepen guest loyalty and deliver sustainable long-ter…

• At the heart of our culture is our purpose: Unleashing the Beauty of Potential. This purpose is brought to life through our four core values:

• Own It. Take responsibility, exercise sound judgment, remain results-driven and be accountable for delivering high-quality work and outcomes.

• Foster Trust. Build strong relationships by treating others with respect and acting with empathy, transparency, and integrity.

Text removed vs the prior filing · source: 10-K · 2025-09-03

• In December 2024, the Company acquired Super C Group, LLC, doing business as Alline Salon Group (Alline), bringing a portfolio of 314 salons across the Supercuts, Cost Cutters and Holiday Hair brands back under Regis (the Alline Acquisition). Although the Company's main focus remains supporting and …

• The Company previously maintained a non-controlling 55.1% ownership interest in Empire Education Group, Inc. (EEG), which was accounted for as an equity method investment. EEG operates accredited cosmetology schools. In May 2024, the Company sold its stake in EEG to the controlling owner. The sale d…

• We are committed to our purpose of Unleashing the Beauty of Potential, which is supported by our four core values:

• Foster Trust. Create powerful relationships by acting with empathy and integrity.

• Create Community. Connect and collaborate with all your partners. Share the challenges as much as you celebrate the wins.

Text added vs the prior filing · source: 10-K · 2026-09-01

• adversely affected. Furthermore, as a franchised business, we may be exposed to additional legal, compliance and operational risks specific to this business model, including the business failure of unproven new salon owners.

• services competitively, the franchisee may fail to maximize the financial performance of their salon. We could experience greater risks as the scale of our franchised salons increases.

• Our use of artificial intelligence presents risks that could adversely affect our business, operations, and reputation.

• We have begun incorporating artificial intelligence (AI) technologies into certain aspects of our business operations. Currently, our AI Taskforce is leading an initiative that leverages AI tools to analyze operational and guest traffic data to guide decisions regarding optimal salon operating hours…

• Although we believe these initiatives have the potential to improve operational efficiency and support profitability, the use of AI also introduces a number of risks. AI systems rely on data inputs and algorithms that may produce inaccurate, incomplete, or biased results, and decisions made in relia…

Text removed vs the prior filing · source: 10-K · 2025-09-03

• security, inflation and other factors relating to the supplier and the areas in which it operates, may adversely impact our and our franchisees' profitability.

• We are undertaking a multi-year process of implementing an enterprise resource planning (“ERP”) system, which is a major undertaking that will replace most of our existing financial systems. An ERP system is used to maintain financial records, enhance data security and operational functionality and …

• system could result in significantly greater capital expenditures and employee time and attention than currently contemplated and could adversely affect our ability to operate our business, including effective management of our invoicing and accounts receivable and collections processes, file timely…

• to sufficiently recover such amounts from the former owners of Alline, our financial condition, results of operations and liquidity may be materially adversely affected.

• We depend on the skills, working relationships and continued services of key personnel, including our management team and others throughout our Company. We are also dependent on our ability to attract and retain qualified personnel, for whom we compete with other companies both inside and outside ou…

Text added vs the prior filing · source: 10-K · 2026-09-01

• On June 30, 2022, the Company sold its Opensalon® Pro (OSP) software-as-a-service solution to Soham Inc. (Zenoti). In fiscal year 2024, the Company received $2.0 million of proceeds that had been previously held back for general indemnity provisions, and in fiscal year 2025, the Company received $8.…

• Our results are impacted by our system-wide sales, which include sales by all points of distribution, whether owned by our franchisees or the Company. While we do not record sales by franchisees as revenue, and such sales are not included in our Consolidated Financial Statements, we believe that thi…

• Cost of product sales to franchisees— — 0.4 N/AN/A80.0 N/AN/A

• Advertising fund contributions decreased $0.5 million, or 2.3%, during fiscal year 2026, primarily due to lower salon count.

• During fiscal year 2026, franchise rental income decreased $13.7 million, or 17.9%, primarily due to the decrease in franchise salon count and franchisees signing their own leases.

Text removed vs the prior filing · source: 10-K · 2025-09-03

• On June 30, 2022, the Company sold its Opensalon® Pro (OSP) software-as-a-service solution to Soham Inc. (Zenoti). The

• Company received $13.0 million in proceeds in June 2022 and received an additional $5.0 million in proceeds in fiscal year 2023, offset by a $0.5 million transaction fee. In fiscal year 2024, the Company received an additional $2.0 million of proceeds that had been previously held back for general i…

• The Company shifted its product business from a wholesale model to a third-party distribution model as part of its asset-light transformation. In fiscal year 2022, the Company exited its distribution centers and ceased selling products to franchisees. Franchisees source product from a third-party di…

• The global coronavirus pandemic (COVID-19) had an adverse impact on operations. As a result, in fiscal year 2023, the Company received a $1.1 million grant from the state of North Carolina included in Other, net on the Consolidated Statements of Operations in Part II, Item 8, of this Form 10-K.

• Our results are impacted by our system-wide sales, which include sales by all points of distribution, whether owned by our franchisees or the Company. While we do not record sales by franchisees as revenue, and such sales are not included in our Consolidated Financial Statements, we believe that thi…