Business

Regis misses in second quarter

The Edina operator of more than 12,000 hair salons was hurt by lousy weather in December and a slow November.

By Karen Lundegaard

January 27, 2011 at 3:09AM

Hair salon company Regis Corp. posted disappointing second-quarter results Wednesday, blaming a slow November and bad weather in December as it missed analysts' earnings estimates.

The Edina-based company earned $14.5 million, down 20 percent from the year-ago period. Earnings per share of 24 cents included a penny-a-share charge for the company's initiative to explore a sale or other strategic alternatives. Analysts had been expecting 28 cents a share.

KAREN LUNDEGAARD

about the writer

about the writer

Karen Lundegaard

Greater Minnesota Editor

Karen Lundegaard is the greater Minnesota editor in charge of all our state coverage. Previously she was a team leader in business, metro and on the audience team.

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