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SEGMENT INFORMATION
 12 Months Ended
Jun. 30, 2026
Segment Reporting [Abstract]  
SEGMENT INFORMATION SEGMENT INFORMATION
Segment information is presented on the same basis that the Company internally organizes the business for assessing performance and making decisions regarding allocation of resources. The Company's Chief Operating Decision Maker (CODM) is our President and Chief Executive Officer. Revenue, expenses, and operating income (loss) by segment are regularly reviewed by the CODM to make decisions about resources to be allocated to the segments, assess current performance, and forecast future performance. Our CODM manages our business primarily by reviewing consolidated results by segment on a quarterly basis and using those results along with forecasts and other non-financial information in our annual budgeting process. The Company's CODM does not evaluate reportable segments using assets and capital expenditure information. Consistent with our internal management reporting, unallocated expenses include certain items impacting comparability. These unallocated items are not defined terms within GAAP. They are based on how management views the business, makes financial, operating and planning decisions and evaluates the Company's ongoing performance and are not attributable to either segment. Unallocated fees include one-time professional fees and settlements, severance expense, the benefit from lease liability decreases in excess of previously impaired ROU assets, lease termination fees, asset retirement obligation costs, goodwill and long-lived asset impairment charges, and the benefit from the Company's debt refinancing.

Financial information concerning the Company's reportable operating segments is shown in the tables below.

For the Year Ended June 30, 2026
(Dollars in thousands)
FranchiseCompany-ownedConsolidated
Total revenue$146,163 $78,322 $224,485 
Expenses (1)
General and administrative$37,275 $4,770 
Rent2,708 10,744 
Other expenses (2)
84,335 — 
Company-owned salon expense— 56,041 
Depreciation and amortization795 3,317 
Long-lived asset impairment— 52 
Segment profit
$21,050 $3,398 $24,448 
Unallocated expenses, net(18,577)
Income from operations before income taxes
$5,871 
_______________________________________________________________________________

(1)The significant expense categories and amounts align with the segment-level information that is regularly provided to the chief operating decision maker. Intersegment expenses are included within the amounts shown.
(2)Other expenses include advertising fund and franchise rent expenses which are offset in total revenue and, as such, not used as a primary measure of performance by our CODM.
For the Year Ended June 30, 2025
(Dollars in thousands)
FranchiseCompany-ownedConsolidated
Total revenue$166,403 $43,731 $210,134 
Expenses (1)
General and administrative42,769 3,995 
Rent3,413 7,074 
Other expenses (2)98,523 — 
Company-owned salon expense— 31,103 
Depreciation and amortization1,194 1,772 
Long-lived asset impairment352 — 
Segment profit (loss)$20,152 $(213)$19,939 
Unallocated expenses, net(18,403)
Income from operations before income taxes
$1,536 
_______________________________________________________________________________

(1)The significant expense categories and amounts align with the segment-level information that is regularly provided to the chief operating decision maker. Intersegment expenses are included within the amounts shown.
(2)Other expenses include advertising fund and franchise rent expenses which are offset in total revenue and, as such, not used as a primary measure of performance by our CODM.

For the Year Ended June 30, 2024
(Dollars in thousands)
FranchiseCompany-ownedConsolidated
Total revenue$195,659 $7,323 $202,982 
Expenses (1)
Cost of product sales to franchisees$436 $— 
General and administrative44,778 609 
Rent3,450 2,075 
Other expenses (2)120,921 — 
Company-owned salon expense— 5,080 
Depreciation and amortization3,095 850 
Long-lived asset impairment798 — 
Segment profit (loss)$22,181 $(1,291)$20,890 
Unallocated income, net (3)69,046 
Income from operations before income taxes
$89,936 
_______________________________________________________________________________

(1)The significant expense categories and amounts align with the segment-level information that is regularly provided to the chief operating decision maker. Intersegment expenses are included within the amounts shown.
(2)Other expenses include advertising fund and franchise rent expenses which are offset in total revenue and, as such, not used as a primary measure of performance by our CODM.
(3)Unallocated income, net includes extinguishment of long-term debt.
The Franchise reportable operating segment is comprised of franchise salons located mainly in strip center locations and Walmart stores. Franchise salons offer high quality, convenient and value-priced hair care and beauty services and retail products. This segment operates primarily in the U.S., Puerto Rico, and Canada and primarily includes the Supercuts, SmartStyle, Cost Cutters, First Choice Haircutters, Roosters, and Magicuts concepts.
The company-owned salons reportable operating segment is comprised of company-owned salons located mainly in strip center locations. Company-owned salons offer high quality, convenient and value priced hair care and beauty services and retail products. Supercuts, Cost Cutters, and Holiday Hair operating in the U.S. are generally within the company-owned salons segment.
Segment information is prepared on the same basis that the CODM reviews financial information for operational decision-making purposes. The Company's reportable operating segments consisted of the following salons:
June 30,
20262025
FRANCHISE SALONS:
Supercuts
1,634 1,711 
SmartStyle/Cost Cutters in Walmart stores
984 1,049 
Portfolio Brands
763 816 
Total North American salons
3,381 3,576 
Total International salons (1)
67 71 
Total franchise salons
3,448 3,647 
as a percent of total franchise and company-owned salons
92.9 %92.5 %
COMPANY-OWNED SALONS:
Supercuts
95 100 
Portfolio Brands
169 194 
Total company-owned salons
264 294 
as a percent of total franchise and company-owned salons
7.1 %7.5 %
Total franchise and company-owned salons
3,712 3,941 
_______________________________________________________________________________
(1)Canadian and Puerto Rican salons are included in the North American salon totals.
Total revenues and property and equipment, net associated with business operations in the U.S. and all other countries in aggregate were as follows:
June 30,
202620252024
Total
Revenues		Property and
Equipment, Net		Total
Revenues		Property and
Equipment, Net		Total
Revenues		Property and
Equipment, Net
(Dollars in thousands)
U.S. $209,299 $9,285 $194,211 $10,085 $183,465 $3,663 
Other countries15,186 — 15,923 — 19,517 1 
Total$224,485 $9,285 $210,134 $10,085 $202,982 $3,664