Regis Corporation

Thank you for joining the quarterly Regis earnings call. We will begin shortly. Thank you for joining the quarterly Regis earnings call. We will begin shortly. Thank you for joining the Thank you for joining the quarterly Regis earnings call. We will begin shortly. Thank you for joining the quarterly Regis earnings call. We will begin shortly. Thank you for joining the quarterly Regis earnings call. We will begin shortly.

Good morning and thank you for joining the Regis 4th Quarter 2026 Earnings Conference Call. I am your host, Kersten Zupfer, Executive Vice President and Chief Financial Officer. I am joined today by our Chief Executive Officer, Susan Lintonsmith, and this conference is being recorded. We will open this call up for questions at the end of our prepared remarks. I would like to remind everyone that the language on forward looking statements included in our earnings release and 8K filing also applies to our comments made on the call today. These documents can be found on our website, www.regiscorp.com forward slash investor dash relations. With that, I will now turn the call over to our CEO, Susan Lintonsmith.

Good morning, everyone, and thank you for joining us. In fiscal 2026, we strengthened the foundation of our business and demonstrated our ability to deliver profitable growth while consistently delivering cash. We finished the year with $224.5 million of revenue, $32.8 million of adjusted EBITDA, and more than $13 million in cash from operations, extending our track record to seven consecutive quarters of positive cash from operations. We delivered positive comparable sales growth in the fourth quarter with consolidated same-store sales up 0.1% and supercuts up 2.6%. For the full fiscal year, consolidated same-store sales increased by 0.9%, driven largely by supercuts, which achieved 3% growth, delivering growth for the fifth consecutive year. This performance demonstrates that the initiatives we have been implementing are building momentum and translating into results. Over the past five months, I've spent significant time with our franchisees, our company teams, and in salons, giving me firsthand understanding of the business, what's working, and where we have meaningful opportunities to improve. I'm encouraged by what I've seen, but I'm equally focused on the opportunities ahead. and the work required to unlock the full potential of our portfolio. As we enter fiscal 2027, our focus is clear. Convert the foundation we have built into stronger, more consistent performance and sustainable growth. Our priorities are to one, strengthen our brands, two, drive growth through traffic, and three, improve the health of our salon portfolio while mitigating closures. These priorities are grounded in the belief that successful performance in a service business like ours is driven by strong, meaningfully differentiated brands, impactful marketing that drive guests into our salons, and great experiences delivered to every guest in every salon, every day. I'll dive deeper into specifics later in the call. Before I turn it over to Kersten, I want to briefly address our opportunity to refinance our existing debt. This is an important priority for both our shareholders and the company, and the Board and I are actively engaged in the process with Kersten. We are exploring many options and will move forward when we believe the terms provide meaningful value for shareholders. Kersten will provide additional details on our efforts shortly. I'll hand the call over to her now to review our financial results.