v3.26.1
SEGMENT INFORMATION (Tables)
 12 Months Ended
Jun. 30, 2026
Segment Reporting [Abstract]  
Schedule of Financial Information of Reportable Operating Segments
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.
Schedule of Franchisor Disclosure 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.
Schedule of Total Revenues and Property and Equipment, Net
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