Exhibit 99

For Immediate Release

REGIS REPORTS SECOND QUARTER 2012 RESULTS

-2Q12 GAAP net loss of $57.4 million; GAAP diluted loss per share of $1.01-

-2Q12 operational diluted earnings per share of $0.32 up 24.8% from $0.25 in 2Q11-

MINNEAPOLIS, January 26, 2012 — Regis Corporation (NYSE:RGS), the global leader in the $160 billion haircare industry, today reported a second quarter net loss of $1.01 per share.  These results include non-operational after-tax items of $77.0 million primarily related to the non-cash write-down of goodwill in its Hair Restoration Centers segment.  Absent non-operational items, second quarter operational earnings increased to $0.32 per diluted share.

Randy L. Pearce, President, commented, “Our second quarter operational earnings of $0.32 per share were the result of Regis’ commitment to improving financial performance while continuing to develop and implement our strategy to drive new traffic and increase customer retention rates by enhancing the salon experience.

Our entire organization is focused on improving the salon experience and we are confident that our long-term plan will deliver improved financial results.  However, the sales environment remains challenging and it will take time for our strategies to have a material impact on our top-line performance.  As a result, we now believe that fiscal 2012 same-store sales will be in the range of negative 3.5% to negative 2.5%.  At these lower same-store sales levels, our operational EBITDA should be in a range of $210 million to $220 million.  We expect benefits from our previously announced cost saving initiatives to offset a significant portion of the impact from the decline in sales expectations.  We continue to work hard to ensure Regis grows profitably and operates efficiently in order to enhance shareholder value.”

FISCAL 2012 SECOND QUARTER FINANCIAL HIGHLIGHTS

Consolidated Highlights

·                  Sales of $563.3 million, down 1.9% from $574.4 million in the second quarter of fiscal 2011.

·                  Same-store sales declined 3.0% versus a decline of 1.3% in the second quarter of fiscal 2011.

·                  Same-store customer counts for our salon businesses declined 2.4% in the second quarter of fiscal 2012.

·                  Gross margin increased 30 basis points to 44.8% of sales from 44.5% in the second quarter of fiscal 2011.

·                  Operational operating margins increased 20 basis points to 4.4% of sales from 4.2% in the second quarter of fiscal 2011. Operational net income of $19.6 million increased 28.4%, from $15.3 million in the second quarter of fiscal 2011.

·                  Operational diluted earnings per share of $0.32 increased 24.8%, from $0.25 in the second quarter of fiscal 2011

·                  Operational EBITDA of $51.9 million decreased 2.0%, from $52.9 million in the second quarter of fiscal 2011.

·                  Net store base increased by 33 over the same period a year ago for a total store count of 12,777. This increase is primarily driven by growth in the number of franchise and affiliate locations.

·                  The reported income tax rate was 5.2%, which includes the impact of the non-operational charges.  The operational income tax rate was 25.8%.

·                  As of December 31, 2011 the cash balance was $83.1 million, a decrease of $13.2 million since June 30, 2011.

·                  Debt on the balance sheet was $292.9 million, a decrease of $20.5 million since June 30, 2011.

Segment Results:

North America Salons

Revenues: Second quarter 2012 revenues were $492.1 million, a decrease of 1.9% from the fiscal 2011 second quarter. Service revenues were $379.7 million, a decrease of 2.3% compared to the same period a year ago.  Same-store service sales for the quarter declined 3.2%. Same-store service customer counts declined 2.1% and average ticket declined 1.1%.   Retail product revenues were $103.2 million, a decrease of 0.6%.  Retail product same-store sales declined 1.5%.

Service Margins: Service margin rate for the second quarter of fiscal 2012 was 42.4%, an improvement of 80 basis points over the second quarter of fiscal 2011.  The improvement in service margin was driven largely by reduced service commissions.  Labor costs improved due to increased hourly productivity in our salons, as well as the recently implemented leveraged pay plans for new salon employees.

Retail Product Margins: Product margin rate for the second quarter of fiscal 2012 was 49.8%, a decline of 50 basis points compared to the second quarter of fiscal 2011. Product margins were impacted by a shift in sales mix during the holiday season to slightly lower margin nail care and salon accessories.

Site Operating Expense: Site operating expense for the second quarter of 2012 was 30 basis points, or $2.3 million lower than the second quarter of 2011, coming in at $44.5 million or 9.0% of revenue.  Several cost savings initiatives account for a large portion of this improvement, including reduced insurance and workers’ compensation costs.   We experienced lower salon claims this year and as a result, we recorded a favorable actuarial adjustment to our insurance reserves.

General and Administrative Expense: General and administrative expense for the second quarter of 2012 was 70 basis points, or $3.9 million lower than the second quarter of 2011, coming in at $28.6 million or 5.8% of North American revenue.   A large portion of the decline in expense relates to the implementation of new portable technology for our field staff, which contributed to a decrease in travel.  Additionally, last year’s expenses were higher than normal due to a national salon manager meeting in our Regis Salon Division which was not conducted this year.

Rent Expense: Rent expense was $73.7 million, or 15.0% of North American revenue.  The increase of 40 basis points over the same period a year ago was primarily the result of deleveraging due to negative same-store sales.

Depreciation and Amortization Expense: Depreciation and amortization was $17.7 million, or 3.6% of North American revenues; which included non-operational charges of $0.8 million related to the accelerated depreciation on our point-of-sale system.  Operational depreciation and amortization was $16.9 million, or 3.4% of North American revenues, a decrease of 10 basis points over the second quarter of fiscal 2011.

Operating Margins: Second quarter 2012 GAAP operating margins were 11.7% of North American revenues.  Excluding non-operational items, operational operating margins were 11.8% of North American revenues, an increase of 120 basis points over the second quarter of fiscal 2011.

International Salons

Revenues: Second quarter 2012 revenues were $34.1 million, a decrease of 8.1% from the fiscal 2011 second quarter. Service revenues were $24.3 million, a decrease of 5.1% compared to the same period a year ago.  Same-store service sales for the quarter declined 6.7%.  Retail product revenues were $9.7 million, a decrease of 14.9%.  Retail product same-store sales declined 16.1%.

Service Margins: Service margin rate for the second quarter of fiscal 2012 was 46.1%, a decline of 200 basis points over the second quarter of fiscal 2011.  The decline in service margin was primarily driven by lower salon productivity due to reduced sales levels.

Retail Product Margins: Product margin rate for the second quarter of fiscal 2012 was 46.0%, an increase of 80 basis points compared to the fiscal 2011 second quarter. The increase in product margins was the result of a shift in the mix of product sales away from lower margin salon appliances.

Rent Expense: Rent expense was $9.1 million, or 26.6% of International revenue.  The increase of 260 basis points over the same period a year ago was primarily the result of deleveraging due to negative same-store sales.

Operating Margins: Second quarter 2012 GAAP operating margins were $0.2 million, or 0.6% of International revenues; which includes non-operational depreciation expense of $0.1 million related to the accelerated depreciation on our point-of-sale system.  Operational operating margins were $0.3 million, or 0.9% of International revenues, a decrease of 340 basis points compared to the second quarter of fiscal 2011.

Hair Restoration Centers

Revenues: Second quarter 2012 revenues were $37.1 million, an increase of 3.6% from the second quarter of fiscal year 2011.  Same-store sales for the quarter increased 1.7%.

Gross Margins: Gross margin rate for the second quarter of fiscal 2012 was 53.2%, a decline of 230 basis points over the second quarter of fiscal 2011.  The decline in gross margin was primarily driven by labor costs in acquired and new stores, as well as increased hair system costs due to wage pressure in China.

Operating Margins: Second quarter 2012 GAAP operating margins were a loss of $73.6 million, or -198.0% of Hair Club revenues, which includes non-operational expense related to the write-down of goodwill of $78.4 million.  Operational operating margins were $4.9 million, or 13.1% of Hair Club revenues, a decrease of 120 basis points compared to the second quarter of fiscal 2011.

Corporate

General and Administrative Expense: Corporate general and administrative expense for the second quarter of 2012 was $35.5 million, or 6.3% of consolidated revenues, which includes non-operational charges of $1.8 million.  Operational general and administrative expense for the second quarter of 2012 was $33.7 million or 6.0% of consolidated revenue, an increase of 70 basis points over the second quarter of 2011.  Contributing to the planned increase in this expense category were higher professional fees,  largely due to the timing of costs incurred for tax, legal and other corporate initiatives.   We continue to expect general and administrative expenses to be lower in the second half of the fiscal year than that incurred in the first six months.

Income Taxes

During the three months ended December 31, 2011, the Company recognized a tax benefit of $3.5 million with a corresponding effective tax rate of 5.2% utilizing the year-to-date method rather than utilizing its historical method of calculating an estimated annual effective tax rate.  The Company’s operational tax rate of 25.8% came in better than expected due to larger than planned job tax credits and the release of state income tax reserves.

Equity in Income of Affiliates

Income from equity method investments and affiliated companies was $5.3 million in the second quarter of 2012, an increase of $2.2 million over the second quarter of 2011.  The majority of the improvement in this category relates to the increase in Regis’ ownership percentage in Provalliance.  In March 2011, Regis acquired an additional 17% percent of Provalliance and now owns 47% of the joint venture.

Updated Fiscal 2012 Outlook

·                  The Company expects fiscal 2012 same-store sales to be in the range of negative 3.5% to to negative 2.5%.

·                  At these same-store levels, EBITDA is expected to be in a range of $210 million to $220 million and operational earnings are forecasted to be in a range of $1.11 to $1.21 per share.

·                  Regis plans to spend approximately $100 million for salon and corporate capital expenditures and up to $15 million for acquisitions.

·                  The Company expects to generate free cash flow of approximately $70 million to $80 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 remainder of fiscal 2012 pre-tax, non-operational expense of approximately $2 million related to the acceleration of depreciation on the current point-of-sale system.

Second Quarter Non-Operational Items

Second quarter non-operational items, which netted to $77.0 million on an after-tax basis, consisted of the following items:

·                  As previously disclosed, the Company is reviewing alternatives for non-core assets and has retained an independent financial advisor.  In connection with this review, the Company updated the Hair Restoration Centers projections used in the fiscal 2011 annual impairment test to reflect the impact of more recent industry developments including a slow down in revenue growth and increasing supply costs.  As a result, the Company recorded a non-cash, after-tax goodwill impairment of $72.6 million.

·                  Accelerated depreciation expense of $4.0 million after-tax related the replacement of the current point-of-sale system with a new third party point-of-sale software system.

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

·                  Senior management restructuring costs of $0.4 million after-tax.

·                  Legal settlement resulting in income of $0.7 million, after-tax.

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

Regis Corporation will host a conference call discussing second quarter results today, January 26, 2012 at 10 a.m., Central time. Interested parties are invited to listen by logging on to

www.regiscorp.com or dialing 877-941-0843. A replay of the call will be available later that day. The replay phone number is 800-406-7325, access code 4504728#.

As of December 31, 2011 Regis Corporation owned, franchised, or held ownership interest in 12,777 worldwide locations.

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 December 31, 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 December 31, 2011 and June 30, 2011

(In thousands, except per share data)

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REGIS CORPORATION (NYSE: RGS)

CONDENSED 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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(1) Canadian and Puerto Rican salons are included in the Regis, MasterCuts, SmartStyle, Supercuts, and Promenade salon totals and not included in the International salon totals.

(2) Represents the acquisition of a franchise network.

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:

(1)          Same-store sales are calculated on a daily basis as the total change in sales for company-owned locations which were open on a specific day of the week during the current period and the corresponding prior period. Quarterly and year-to-date same-store sales are the sum of the same-store sales computed on a daily basis. Locations relocated within a one mile radius are included in same-store sales as they are considered to have been open in the prior period. International same-store sales are calculated in local currencies to remove foreign currency fluctuations from the calculation. Management believes that same-store sales, a component of organic growth, are useful in order to help determine the increase in revenues attributable to its organic growth (new locations construction and same-store sales growth) versus growth from acquisitions.

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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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