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SEGMENT INFORMATION
 9 Months Ended
Mar. 31, 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.


 Three Months Ended March 31, 2026Nine Months Ended March 31, 2026
 (Dollars in thousands)(Dollars in thousands)
FranchiseCompany-ownedTotalFranchiseCompany-ownedTotal
Total revenue$33,306 $19,101 $52,407 $109,982 $58,500 $168,482 
Expenses (1)
General and administrative$8,626 $1,349 $28,017 $3,573 
Rent894 2,728 2,234 8,209 
Other expenses (2)18,221 — 63,683 — 
Company-owned salon expense— 13,958 — 42,453 
Depreciation and amortization196 718 610 1,868 
Operating income$5,369 $348 $5,717 $15,438 $2,397 $17,835 
Unallocated expense, net(4,982)(15,288)
Total net income$735 $2,547 
_______________________________________________________________________________

(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.
 Three Months Ended March 31, 2025Nine Months Ended March 31, 2025
(Dollars in thousands)(Dollars in thousands)
FranchiseCompany-ownedTotalFranchiseCompany-ownedTotal
Total revenue$38,004 $18,953 $56,957 $126,548 $23,188 $149,736 
Expenses (1)
General and administrative$9,863 $1,372 $33,644 $2,780 
Rent962 3,096 3,198 4,073 
Other expenses (2)22,069 — 74,858 — 
Company-owned salon expense— 13,835 — 16,534 
Depreciation and amortization270 469 938 707 
Long-lived asset impairment— — 352 — 
Operating income (loss)$4,840 $181 $5,021 $13,558 $(906)$12,652 
Unallocated expenses, net(4,771)(5,610)
Total net income$250 $7,042 
_______________________________________________________________________________

(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.
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:
March 31,
2026		June 30,
2025
FRANCHISE SALONS:
Supercuts
1,648 1,711 
SmartStyle/Cost Cutters in Walmart stores
998 1,049 
Portfolio Brands
779 816 
Total North American salons
3,425 3,576 
Total International salons (1)
72 71 
Total franchise salons
3,497 3,647 
as a percent of total franchise and company-owned salons
92.8 %92.5 %
COMPANY-OWNED SALONS:
Supercuts
96 100 
Portfolio Brands
177 194 
Total company-owned salons
273 294 
as a percent of total franchise and company-owned salons
7.2 %7.5 %
Total franchise and company-owned salons
3,770 3,941 
_______________________________________________________________________________
(1)Canadian and Puerto Rican salons are included in the North American salon totals.