Exhibit 99

For Immediate Release

REGIS REPORTS FIRST QUARTER 2012 RESULTS

MINNEAPOLIS, October 27, 2011 — Regis Corporation (NYSE:RGS), the global leader in the $160 billion haircare industry, today reported first quarter net income of $0.15 per share.  These results include previously disclosed non-operational after-tax charges of $7.2 million, primarily related to the acceleration of depreciation on the current point-of-sale system.  Absent these charges, first quarter operational earnings were $0.26 per diluted share.

On October 10, 2011, the Company reported that revenues for the first quarter ended September 30, 2011 decreased 1.7 percent to $569 million, with first quarter total same-store sales declining 3.1 percent.

“Our operational earnings of $0.26 per share benefited from our continued execution of key cost savings initiatives,” commented Randy L. Pearce, President.  “However, to improve long-term profitability we must increase revenue by driving increased traffic into our salons. During the quarter, service customer trends continued to improve and were thirty basis points better than the preceding quarter.  Despite this moderate improvement, we are not satisfied.”

Regis also announced that the Company is in the process of refining its operational strategy by focusing on key customer segments.  This approach will help the Company become more effective and more efficient.  Key components of this refined strategy include aligning its North American salons into core market segments centered on value, affordable full-service and mass premium.  Regis also plans to continue operating select growth concepts, including kids, men’s and high-end premium.

Pearce continued, “The consumer segmented strategy reflects Regis’ ongoing evolution into a more customer-centric organization in order to increase our competitiveness in the marketplace as well as increase the effectiveness and efficiency of our performance.  We remain laser focused on implementing our previously announced revenue and cost-cutting initiatives in order to improve profitability, achieve long-term growth and enhance shareholder value.  We are confident that the strategic realignment of our salons, coupled with the positive changes already underway at Regis, will position us strongly for the future.”

Fiscal 2012 Update

·                  The Company continues to expect fiscal 2012 same-store sales to be in a range of negative one percent to positive one percent.

·                  At these same-store levels, EBITDA is expected to be in a range of $222 million to $242 million and operational earnings are forecasted to grow to a range of $1.16 to $1.32 per share.

·                  Regis plans to spend approximately $110 million for salon and corporate capital expenditures and approximately $25 million for acquisitions.

·                  The Company expects to generate free cash flow of approximately $65 million to $70 million.

·                  As previously announced, the Company has identified a new third party point-of-sale software alternative, which it is now planning to implement in all of its company-owned salons over the next year.  The new point-of-sale system will replace the current point-of-sale system and enable the Company to accelerate its strategies and initiatives.  As a result, the Company expects to incur in the second quarter of fiscal 2012 pre-tax, non-operational expense of approximately $9 million related to the acceleration of depreciation on the current point-of-sale system.

First Quarter Non-Operational Items

First quarter non-operational charges, which netted to $7.2 million on an after-tax basis, consisted of the following items:

·                  Accelerated depreciation expense of $5.5 million related the replacement of the current point-of-sale system with a new third party point-of-sale software system.

·                  Senior management after-tax restructuring costs of $1.0 million.

·                  $0.7 million of advisory fees and other costs related to the recent proxy contest.

As of September 30, 2011 Regis Corporation owned, franchised, or held ownership interest in 12,774 worldwide locations.

A complete reconciliation of reported income to operational earnings is included in today’s press release and is also available on the Company’s website at www.regiscorp.com.

Regis Corporation will host a conference call discussing first quarter results today, October 27, 2011 at 3:00 p.m., Central time.  Interested parties are invited to listen by logging on to www.regiscorp.com or dialing 866-225-8754. A replay of the call will be available later that day. The replay phone number is 800-406-7325, access code 4478167#.

About Regis Corporation

Regis Corporation (NYSE:RGS) is the beauty industry’s global leader in beauty salons, hair restoration centers and cosmetology education. As of September 30, 2011, the Company owned, franchised or held ownership interests in approximately 12,800 worldwide locations.  Regis’ corporate and franchised locations operate under concepts such as Supercuts, Sassoon Salon, Regis Salons, MasterCuts, SmartStyle, Cost Cutters, Cool Cuts 4 Kids and Hair Club for Men and Women.  In addition, Regis maintains an ownership interest in Provalliance, which operates salons primarily in Europe, under the brands of Jean Louis David, Franck Provost and Saint Algue.  Regis also maintains ownership interests in Empire Education Group in the U.S. and the MY Style concepts in Japan.  System-wide, these and other concepts are located in the U.S. and in over 30 other countries in North America, South America, Europe, Africa and Asia.  For additional information about the company, including a reconciliation of certain non-GAAP financial information and certain supplemental financial information, please visit the Investor Information section of the corporate website at www.regiscorp.com. To join Regis Corporation’s email alert list, click on this link: http://www.b2i.us/irpass.asp?BzID=913&to=ea&Nav=1&S=0&L=1

This press release may contain “forward-looking statements” within the meaning of the federal securities laws, including statements concerning anticipated future events and expectations that are not historical facts. The forward-looking statements in this document reflect management’s best judgment at the time they are made, but all such statements are subject to numerous risks and uncertainties, which could cause actual results to differ materially from those expressed in or implied by the statements herein. Such forward-looking statements are often identified herein by use of words including, but not limited to, “may,” “believe,” “project,” “forecast,” “expect,” “estimate,” “anticipate,” and “plan.” In addition, the following factors could affect the Company’s actual results and cause such results to differ materially from those expressed in forward-looking statements. These factors include, competition within the personal hair care industry, which remains strong, both domestically and internationally, price sensitivity; changes in economic conditions; changes in consumer tastes and fashion trends; the ability of the Company to implement its planned spending and cost reduction plan and to continue to maintain compliance with financial covenants in its credit agreements; labor and benefit costs; legal claims; risk inherent to international development (including currency fluctuations); the continued ability of the Company and its franchisees to obtain suitable locations and financing for new salon development and to maintain satisfactory relationships with landlords and other licensors with respect to existing locations; governmental initiatives such as minimum wage rates, taxes and possible franchise legislation; the ability of the Company to successfully identify, acquire and integrate salons that support its growth objectives; the ability of the Company to maintain satisfactory relationships with suppliers; or other factors not listed above. The ability of the Company to meet its expected revenue target is dependent on salon acquisitions, new salon construction and same-store sales increases, all of which are affected by many of the aforementioned risks. Additional information concerning potential factors that could affect future financial results is set forth in the Company’s Annual Report on Form 10-K for the year ended June 30, 2011. We undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.  However, your attention is directed to any further disclosures made in our subsequent annual and periodic reports filed or furnished with the SEC on Forms 10-K, 10-Q and 8-K and Proxy Statements on Schedule 14A.

(TABLES TO FOLLOW)

REGIS CORPORATION (NYSE: RGS)
CONDENSED CONSOLIDATED BALANCE SHEET (Unaudited)
as of September 30, 2011 and June 30, 2011
(In thousands, except per share data)

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REGIS CORPORATION (NYSE: RGS)

CONSOLIDATED STATEMENT OF OPERATIONS (Unaudited)

(In thousands, except per share data)

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REGIS CORPORATION (NYSE: RGS)
SELECTED CASH FLOW DATA (Unaudited)
(In thousands)

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REGIS CORPORATION (NYSE: RGS)

Salon and Hair Restoration Center Counts and Revenues

SALON LOCATION SUMMARY

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Relocations represent a transfer of location by the same salon concept.

Conversions represent the transfer of one salon concept to another concept.

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REVENUES BY CONCEPT:

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FINANCIAL INFORMATION BY SEGMENT:

Financial information concerning the Company’s salon and hair restoration businesses is shown in the following tables.

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Non-GAAP Reconciliations

We believe our presentation of non-GAAP operating income, net income and net income per diluted share provides meaningful insight into our ongoing operating performance and an alternative perspective of our results of operations. Presentation of the non-GAAP measures allows investors to review our core ongoing operating performance business from the same perspective as management and Board of Directors. These non-GAAP financial measures provide investors an enhanced understanding of our operations, facilitate investors’ analysis and comparisons of our current and past results of operations and provide insight into the prospects of our future performance.  We also believe that the non-GAAP measures are useful to investors because they provide supplemental information that research analysts frequently use to analyze financial performance.

The method we use to produce non-GAAP results is not in accordance with U.S. GAAP and may differ from methods used by other companies.  These non-GAAP results should not be regarded as a substitute for the corresponding U.S. GAAP measures but instead should be utilized as a supplemental measure of operating performance in evaluating our business.  Non-GAAP measures do have limitations in that they do not reflect certain items that may have a material impact upon our reported financial results. As such, these non-GAAP measures should be viewed in conjunction with both our financial statements prepared in accordance with U.S. GAAP and the reconciliation of the selected U.S. GAAP to non-GAAP financial measures, which are located in the Investor Information section of the corporate website at www.regiscorp.com.

Non-GAAP reconciling items for the three months ended September 30, 2011:

The following information is provided to give qualitative and quantitative information related to items impacting comparability.  Items impacting comparability are not defined terms within U.S. GAAP.  Therefore, our non-GAAP financial information may not be comparable to similarly titled measures reported by other companies.  We determine which items to consider as “items impacting comparability” based on how management views our business, makes financial, operating and planning decisions and evaluates the Company’s ongoing performance.

Senior management restructure — We have excluded expense associated with senior management restructuring from our non-GAAP results.  During the three months ended September 30, 2011 we incurred expense of $1.7 million associated with senior management restructuring.

Proxy fees - We have excluded the advisory fees and other costs associated with the recent contested proxy from our non-GAAP results.  During the three months ended September 30, 2011, we incurred $1.1 million of advisory fees and other costs associated with the recent contested proxy.

Point-of-sale system accelerated depreciation — We have excluded the accelerated depreciation we recorded related to our point-of-sale system from our non-GAAP results. During the three months ended September 30, 2011, we recorded $8.7 million in accelerated depreciation related to our point-of-sale system.

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REGIS CORPORATION
Reconciliation of selected U.S. GAAP to non-GAAP financial measures

(In thousands, except per share data)

(unaudited)

Reconciliation of U.S. GAAP operating income and net income to equivalent non-GAAP measures