Regis Corporation (NYSE:RGS) Q4 2023 Earnings Call Transcript

Eric Beder: Great. And one last question. I remember the Zenoti payments are used to pay down debt. Or do you believe there will be any incremental free cash flow potentially in FY’24 to also pay down any of the debt? How should we be thinking about that?

Matthew Doctor: I think it will probably be minimal because, as I mentioned, we did have a little bit this year. It’s going to depend on a number of factors. Profitability, interest rate environment kind of that legacy wind out, everything we spoke about. I don’t want to get too aggressive on expectations here. So we’ll set it as Zenoti, probably being the major component of that. And to the extent we can continue to grow the profitability will be a bigger piece, but I don’t want to set the expectation that that’s going to kind of overtake what the Zenoti payments will be at this point in time.

Eric Beder: Great. Good luck for the fiscal year.

Matthew Doctor: Thanks, Eric.

Biz McShane: Thank you, Eric. Those are all our questions for today. We thank you for joining our conference call and your interest in Regis. Have a great day.