- The company has been underperforming since the beginning of the last decade and was going through a transformation process before COVD hit them hard.
- Noticing the deterioration of the business, management decided to transition to a fully-franchised business model.
- Management expects to become a fully-franchise asset-light business by the end of fiscal 2021.
- We are comfortable waiting for more clarity and remain on the sidelines for now. Still, more adventurous investors might find the stock interesting.
For further details see:
If We Are Past The Pandemic, Supercuts Owner Regis Looks Interesting