Rogers Communication (RCI) is expected to deliver a year-over-year increase in earnings on lower revenues when it reports results for the quarter ended September 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price. The earnings report, which is expected to be released on October 24, 2024, might help the stock move higher if these key numbers are b ...

Core Insights - RCI Hospitality Holdings, Inc. reported an increase in same-store sales for nightclubs for the second consecutive quarter, with plans to open six new club and restaurant locations in fiscal 2025, including the reopening of Baby Dolls Fort Worth [1] - The company took measures to improve Bombshells' business, including selling the San Antonio location back to its former franchisee and continuing share buybacks, with $7.8 million spent in 4Q24 [1][2] Nightclub Sales Performance - Total sales for nightclubs in 4Q24 were $60.2 million, a decline of 0.5% compared to 4Q23, driven by a 2.2% same-store sales growth negatively impacted by ten closure days due to Hurricane Beryl [3] - New sales from three new and reformatted clubs in Texas partially offset the decline, while temporary closures of two clubs also contributed to the sales decrease [1][3] Bombshells Sales Performance - Total sales for Bombshells in 4Q24 were $11.9 million, a decline of 12.2% compared to 4Q23, primarily due to a 16.2% same-store sales decline affected by 26 closure days from Hurricane Beryl [1][3] - The opening of a new Stafford location in November 2023 provided some offset to the sales decline from the San Antonio location, which was sold [1][3] Share Repurchase Activity - In 4Q24, RCI repurchased 174,790 shares for $7.8 million, averaging $44.81 per share, leaving $21.0 million in remaining purchase authorization [2] - For FY24, the company repurchased a total of 442,639 shares for $20.6 million, averaging $46.55 per share [2]

Core Viewpoint - Rogers Communications (RCI) plans to acquire Bell's 37.5% stake in Maple Leaf Sports & Entertainment (MLSE) for C$4.7 billion, aiming to become the largest owner with a 75% stake by mid-2025 [1][2] Group 1: Strategic Moves - The Bell stake buyout is a strategic step for RCI to enhance its market position without increasing leverage [2] - This acquisition will allow RCI to capture a larger share of the Canadian sports and media market, complementing its existing assets like the Toronto Blue Jays and Sportsnet [2] Group 2: Media Portfolio Expansion - RCI's media revenues increased by 5% year-over-year to C$1.22 billion in the first half of 2024, driven by higher sports-related revenue [4] - The company has invested C$14 billion in Canadian sports over the past decade and has partnered with Amazon to stream NHL games exclusively on Prime Video [4][5] Group 3: Financial Performance and Challenges - RCI shares have declined 15.3% year-to-date, underperforming the broader industry [6] - The company expects total service revenues for 2024 to rise by 8%-10% from C$16.85 billion in 2023, despite facing intense competition and a high debt leverage ratio of 4.7 times [7][8] Group 4: Future Outlook - RCI anticipates capital expenditures between C$3.80 billion and C$4 billion for 2024, with free cash flow projected at C$2.9 billion to C$3.1 billion [8] - The company assures that the Bell stake buyout will not negatively impact its debt leverage ratio as it will involve private investors [8]

RCI CEO Eric Langan will meet with investors in one-on-one meetings as well as review the company's Back to Basics focus on its adult nightclubs business and capital allocation strategy. RCI is scheduled to present Wednesday, September 11, 2024, at 12 PM ET. If you are an institutional investor, and would like to attend in person or virtually, visit www.hcwevents.com/annualconference to register. About RCI Hospitality Holdings, Inc. (Nasdaq: RICK) (X: @RCIHHinc) With more than 60 locations, RCI Hospitality ...

RCI Hospitality Holdings, Inc. (RICK) has rewarded investors with a 16.7% hike in its quarterly cash dividend. The board of directors approved a quarterly dividend payout of 7 cents per share (28 cents per share annually), up from the previous dividend payout of 6 cents per share (24 cents per share annually). The amount will be paid out on Sep. 30, 2024, to shareholders of record as of Sep. 16. Based on the closing price of $43.92 per share on Sep. 3, the stock has a dividend yield of 0.6%. RCI Hospitality ...

With more than 60 locations, RCI Hospitality Holdings, Inc., through its subsidiaries, is the country's leading company in adult nightclubs and sports bars/restaurants. See all our brands at www.rcihospitality.com. Media & Investor Contacts Gary Fishman and Steven Anreder at 212-532-3232 or [email protected] and [email protected] SOURCE RCI Hospitality Holdings, Inc. ...

Core Viewpoint - Rogers Communications reported mixed results for Q2 2024, with adjusted earnings beating estimates while revenues fell slightly year over year. The company has seen a positive stock performance recently, but analysts are cautious about future estimates trending downward [1][2][16]. Financial Performance - Adjusted earnings for Q2 2024 were 85 cents per share, exceeding the Zacks Consensus Estimate by 2.41% and reflecting an 11.8% increase year over year [2]. - Total revenues amounted to $3.72 billion, missing the consensus mark by 0.45% and showing a 0.9% decline year over year [2]. - In Canadian dollars, adjusted earnings rose 13.7% year over year to $1.16 per share, while total revenues increased 0.9% to C$5.09 billion, driven by growth in Wireless and Media segments [3]. Wireless Segment - Wireless revenues, constituting 48.4% of total revenues, increased 1.7% year over year to C$2.46 billion, with service revenues up 3.5% to C$1.98 billion, although equipment revenues fell 5.2% to C$478 million [4]. - The mobile phone subscriber base growth was bolstered by the acquisition of Shaw Mobile subscribers, with monthly ARPU at C$57.24, a 0.8% increase year over year [5]. - As of June 30, 2024, the prepaid subscriber base decreased by 172K to 1.068 million, while the postpaid base grew by 49K to 10.59 million [6]. Cable Segment - Cable revenues, making up 38.6% of total revenues, decreased 2.4% year over year to C$1.96 billion, with service revenues down 2.8% [8]. - The retail Internet subscriber count fell by 70K to nearly 4.214 million, contrasting with a significant increase in the previous year [8]. Media Segment - Media revenues increased 7.3% year over year to C$736 million, primarily due to higher sports-related revenues, although operating expenses rose by 7.9% [11]. Consolidated Results - Operating costs increased by 23% to C$2.687 billion, while adjusted EBITDA rose 6.2% year over year to C$2.32 billion, with an adjusted EBITDA margin expanding to 45.7% [12]. Balance Sheet & Cash Flow - As of June 30, 2024, available liquidity was C$4.3 billion, down from C$4.6 billion in the previous quarter [13]. - The debt leverage ratio remained stable at 4.7 times, with cash flow from operating activities increasing to C$1.47 billion [14]. Guidance - For 2024, the company anticipates total service revenue growth between 8% and 10%, with adjusted EBITDA expected to grow by 12-15% [15]. Industry Context - Rogers Communications operates within the Zacks Cable Television industry, where Comcast reported a revenue decline of 2.7% year over year, indicating challenges within the sector [20].

Rogers Communication (RCI) and SenseNet have announced a new initiative to enhance wildfire detection in Canada, focusing on 10 communities to improve safety for both residents and first responders. SenseNet will deploy its AI-driven solutions across Alberta and British Columbia, starting with the implementation of these systems in various communities. Leveraging RCI's robust 5G network, SenseNet's technology will utilize sophisticated gas sensors, smoke detection cameras and AI algorithms to offer precise ...

ty t A I t r FT I 1 t E 1 historial H an T t E t ,1 1 il H n t 11 i 118 t ITT t B t t H The t Jason Todd RCI Hospitality Holdings, Inc. (NASDAQ:RICK) reported its final Q3 results on the 8th of August in post-market hours. The report comes after RCI Hospitality previously announced an operative update regarding casino development and the Beryl hurricane in July, also giving preliminary revenues for the quarter with the news release. I previously wrote an article on the stock, "RCI Hospitality: Short-Term We ...

Core Viewpoint - The company reported mixed financial results for the third quarter of 2024, with a decline in total revenues and net income, but improvements in certain operational metrics and a focus on capital allocation strategies aimed at increasing free cash flow per share. Financial Performance - Total revenues for 3Q24 were $76.2 million, a decrease of 1.2% from $77.1 million in 3Q23 [1] - Net loss attributable to common stockholders was $(5.2) million, compared to a profit of $9.1 million in the same quarter last year [1] - Non-GAAP EPS for 3Q24 was $1.35, slightly up from $1.30 in 3Q23 [1] - Adjusted EBITDA for 3Q24 was $20.1 million, down from $22.7 million in 3Q23 [1] Segment Performance - Nightclubs segment revenues increased by 0.6% year-over-year to $62.8 million, driven by a 1.7% same-store sales growth [4] - Bombshells segment revenues declined by 8.7% to $13.1 million, primarily due to a 16.2% decline in same-store sales [7] - Non-cash impairments in the Bombshells segment totaled $10.3 million, leading to an operating loss of $(8.9) million [7] Operational Strategies - The company is implementing a "Back to Basics" approach, focusing on increasing revenues, reducing costs, and expanding margins [2] - Share repurchases totaled 202,630 shares for $9.2 million in 3Q24, with a remaining purchase authorization of $22.9 million [1] - The company aims to open new and reformatted clubs while reviewing all operating units to ensure they meet financial objectives [4] Cash Flow and Capital Allocation - Net cash provided by operating activities was $15.8 million in 3Q24, compared to $15.3 million in 3Q23 [1] - Free cash flow for 3Q24 was $13.8 million, slightly down from $14.3 million in the same quarter last year [1] - The company plans to use cash flow to facilitate further share buybacks and acquisitions of clubs [4]