Absent the Washington Wizards impact of the Europeandeconsolidation
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Absent the reviews washington wizards impact of wizards recalls the Europeandeconsolidation, consolidated revenues for the quarter would have decreased 1.6percent. Second quarter total same-store sales decreased 5.4 percent, fallingbelow the previously issued guidance of negative 1 wizards.com .0 percent to positive 1.0percent. "Consumer cut backs have impacted our service business more than we hadexpected, especially in the month of December," commented Paul D Finkelstein,Chairman and Chief Executive Officer. "It is impossible to predict how longthese current unprecedented conditions will last Wizards tickets - nba . However, operationally, wewill be profitable in the second quarter and for the full fiscal year.
Ourbusiness is the quintessential replenishment business and with nearly seventypercent of our business coming from services, we are well positioned for thelong-term washington post wizards . In the near-term, we will continue to focus on strengthening ourbalance sheet and, more specifically, lowering our debt levels basketball . We willaccomplish this by reducing expenses, minimizing capital and acquisitionexpenditures and effectively managing our working capital." Second Quarter Revenues: For the Three Months Ended December 31, 2008 Salons Hair Restoration North America Internationa Centers Consolidated l (Dollars in thousands) Revenues:Service $408,149$28,823$16,248$453,220 Product161,474 12,445 17,769 191,688 Royalties and fees 9,609 -61810,227Total $579,232$41,268$34,635$655,135 For the Three Months Ended December 31, 2007 Salons Hair Restoration North America Internationa Centers Consolidated l (Dollars in thousands) Revenues:Service $399,377$43,224$15,267$457,868 Product166,803 19,133 16,760 202,696 Royalties and fees 9,900 10,699 1,07821,677Total $576,080$73,056$33,105$682,241On January 31, 2008, Regis Corporation merged its continental European franchisesalon operations with the Franck Provost Salon Group wizards schedule . Second Quarter Same-Store Sales: For the Three Months Ended December 31, 2008 2007ServiceRetail TotalService RetailTotalRegis Salons -8.0 %-13.4%-9.0 %-0.3%3.5 %0.3 % MasterCuts -0.7-10.1 -2.70.1-3.7 -0.7Trade Secret -9.5-20.3 -19.1 -8 Washington Wizards tickets - nba .2 -7.2 -7.3Strip Center Salons-1.0-3.6-1.30.41.80.6 SmartStyle 0.8 -4.1-0.90.5-2.1 -0.4Domestic Same-Store Sales-2.6 %-11.9%-5 nba.com - wizards .2 %0.0 %-3.0%-0.8%International Same-Store Sales -12.3%-7.6 %-10.7%-5.8%-2.6%-4.7%Hair Restoration Same-Store Sales-0.1 %-2.5 %-1.3 %6.6 %7.0 %6.8 %Consolidated Same-Store Sales-3.1 %-10.8%-5.4 %-0.2%-2.3%-0.8%International same-store sales for the quarter represent the 12-week periodended December 13, 2008 versus the 12-week period ended December 15, 2007 basketball ticket washington wizard . Regis Corporation will announce second quarter 2009 earnings results on January28, 2009. A conference call discussing second quarter results will follow at10:00 a.m Central time.
Interested parties are invited to listen by logging onto About Regis CorporationRegis Corporation (NYSE:RGS) is the beauty industry's global leader in beautysalons, hair restoration centers and cosmetology education obama washington wizards . As of September 30,2008, the Company owned, franchised or held ownership interests in over 13,600worldwide locations wizards basketball . Regis' corporate and franchised locations operate underconcepts such as Supercuts, Sassoon Salon, Regis Salons, MasterCuts, SmartStyle,Cost Cutters, Trade Secret, PureBeauty, BeautyFirst and Hair Club for Men andWomen wizard basketball ticket Washington Wizards - washingtonwizards . In addition, Regis maintains an ownership interest in Provalliance, whichoperates salons primarily in Europe, under the brands of Jean Louis David,Franck Provost and Saint Algue washingtonwizards . Regis also maintains ownership interests inEmpire Education Group and various other salon concepts such as Cool Cuts 4 Kidsand the MY Style concepts in Japan System-wide, these and other concepts arelocated in the U.S Wizards . and in over 30 other countries in North America, SouthAmerica, Europe, Africa and Asia. Regis also maintains a 49 percent ownershipinterest in Intelligent Nutrients, a business that provides a wide variety ofcertified organic products for health and beauty.
For additional informationabout the company, including management's current financial outlook and areconciliation of non-GAAP financial information, please visit the InvestorInformation section of the corporate website at To join RegisCorporation's email alert list, click on this link: press release contains "forward-looking statements" within the meaning ofthe federal securities laws, including statements concerning anticipated futureevents and expectations that are not historical facts wizards washington schedule . These forward-lookingstatements are made pursuant to the safe harbor provisions of the PrivateSecurities Litigation Reform Act of 1995 etan thomas . The forward-looking statements in thisdocument reflect management's best judgment at the time they are made, but allsuch statements are subject to numerous risks and uncertainties, which couldcause actual results to differ materially from those expressed in or implied bythe statements herein wizards michael . Such forward-looking statements are often identifiedherein by use of words including, but not limited to, "may," "believe,""project," "forecast," "expect," "estimate," "anticipate" and "plan." Inaddition, the following factors could affect the Company's actual results andcause such results to differ materially from those expressed in forward-lookingstatements wizards watch . These factors include competition within the personal hair careindustry, which remains strong, both domestically and internationally; pricesensitivity; changes in economic conditions; changes in consumer tastes andfashion trends; labor and benefit costs; legal claims; risk inherent tointernational development (including currency fluctuations); the continuedability of the Company and its franchisees to obtain suitable locations for newsalon development; governmental initiatives such as minimum wage rates, taxesand possible franchise legislation; the ability of the Company to successfullyidentify, acquire and integrate salons that support its growth objectives; theability of the Company to maintain satisfactory relationships with suppliers;the ability of the Company to consummate the planned closure of salons and therelated realization of the anticipated costs, benefits and time frame; theability of the Company to successfully complete the transformation of TradeSecret through expansion of product assortments; or other factors not listedabove.The ability of the Company to meet its expected revenue growth isdependent on salon acquisitions, new salon construction and same-store salesincreases, all of which are affected by many of the aforementioned risks.Additional information concerning potential factors that could affect futurefinancial results is set forth in the Company's Annual Report on Form 10-K forthe year ended June 30, 2008. We undertake no obligation to publicly update orrevise any forward-looking statements, whether as a result of new information,future events or otherwise. However, your attention is directed to any furtherdisclosures made in our subsequent annual and periodic reports filed orfurnished with the SEC on Forms 10-K, 10-Q and 8-K and Proxy Statements onSchedule 14A.Regis CorporationMark Fosland, 952-806-1707Vice President, FinanceorAlex Forliti, 952-806-1767Director, Finance-Investor Relations Copyright Business Wire 2009.
DUBLIN, Ireland--(Business Wire)--ICON (NASDAQ: ICLR), a global provider of outsourced development services to thepharmaceutical, biotechnology and medical device industries, today announcedfinancial guidance for 2009 . 2009 net revenue is expected to be in the range of $930 - $980 million wizard basketball tickets . Thiscompares to an expected outcome of $862 - $865 million for the year endedDecember 31, 2008, a reduction on previous guidance due to currency factors wizards season tickets . 2009 net income per diluted share is expected to be in the range of $1.40 -$1.52 Wizards tickets .
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