Hair care products company Regis Corporation has reported that consolidated revenues decreased 2.7 percent in the third fiscal quarter of 2010 to $588 million, compared to $604 million a year ago. Third quarter total same-store sales decreased 1.8 percent.

Last year, in the third fiscal quarter of 2009, the Regis completed the sale of its Trade Secret retail product division to Premier Salons Beauty, Inc. (Premier). As part of the sale agreement, the company agreed to provide certain transitional administrative and other support services to Premier, including the supply of certain retail products. As a result, reported third quarter 2009 North American product revenues included $13 million of sales to Premier at Regis’ cost. Absent these sales, third quarter 2010 total revenues declined 0.7 percent.

“As we had expected, we are gradually beginning to see improvement in our same-store sales results,” says Paul D. Finkelstein, chairman and CEO. “The month of March was our best month in a long-time with flat North American same-store sales. The earlier Easter did not impact our March results, as we report same-store sales on a calendar basis. In the quarter, we experienced thirty-nine days with positive comps, including sixteen days in March, more than three times the number of positive days in the preceding second quarter. We also had seven poor days in January which accounted for half of the quarterly same-store sales decline. Our value concepts continued to outperform our higher price point Regis division and we were very pleased with our retail product business.”

Regis Corporation will announce third quarter 2010 earnings results on April 28. A conference call discussing third quarter results will follow at 10 am, Central time. Interested parties are invited to listen by logging on to www.regiscorp.com.