Regis Sales Fall In Fiscal 1st Quarter

MINNEAPOLIS (AP) — Hair-care company Regis Corp. said Thursday its fiscal first-quarter sales fell 2 percent, but results beat analyst expectations.

Sales fell to $603 million, while analysts polled by Thomson Reuters, on average, predicted revenue of $599.3 million.

Sales in stores open at least one year, a key measure of a retailer's financial health, fell 4.5 percent.

"We continue to expect that customer visitation patterns will stabilize and, as a result, we should see improvement in our same-store sales beginning in the later half of our second quarter," said CEO Paul Finkelstein in a statement.

The company will report first-quarter earnings on Oct. 29.