Regis (RGS) Stock Surges Over 19% Amid Latest News Released This Week: Will This Stock Soar Soon?

Regis Corporation has seen a surge of 11.46% in the pre-market today, the price has risen from $4.10 to $4.61. Lockie Andrews joins the Board of Directors. She is the Chief Digital Officer at Party City and is responsible for all aspects of the company’s digital strategy. For the fourth quarter of 2021, RGS reported a net loss of $26.5 million, which was largely affected by the government-ordered closures of its salons. The company attributed the lower profits to the COVID-19 issue.
Regis (RGS) Stock Surges Over 19% Amid Latest News Released This Week: Will This Stock Soar Soon?For the fourth quarter, the company’s total sales grew by 64.8% year-over-year due to the mandatory closures that occurred during the previous year due to the coronavirus epidemic. The adjusted loss was $23.2 million, which was lower than the $25.6 million loss a year ago. Regis Gold Standard has partnered with leading distributors to streamline the distribution process. Through this partnership, the company will be able to offer its private label products and innovative new products to its franchised customers.

Anthony Gonzales

Biotech, Tech, and Crypto reporterAnthony Gonzales brings 3 years of experience in helping grassroots, mid-sized organizations and large institutions strengthen their management and resource generating capacities and effectively plan for the future. He is also a mentor and professional advisor to artists working in all disciplines. He is the gold medalist from St. Marco University of Science and Technology in the Bachelors of Financial Management as well.