RCI Hospitality (RICK) came out with a quarterly loss of $0.56 per share versus the Zacks Consensus Estimate of $0.88. This compares to earnings of $0.96 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -163.64%. A quarter ago, it was expected that this adult nightclub chain would post earnings of $0.81 per share when it actually produced earnings of $0.08, delivering a surprise of -90.12%. Over the last four quarters, the com ...

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. Gary Fishman and Steven Anreder at 212-532-3232 or [email protected] and [email protected] SOURCE RCI Hospitality Holdings, Inc. Media & Investor Contacts ...

Don't tell the stock market, but there have been some signs that the economy is beginning to slow down. While it's not a broad-based collapse or anything frightening like that, there are some areas experiencing the pinch. Recently, today's Bear of the Day referenced that pinch in its latest earnings report. It's currently a Zacks Rank #5 (Strong Sell) and we are going to investigate the reasons why. I'm talking about RCI Hospitality (RICK) ). RCI Hospitality Holdings, Inc., through its subsidiaries, engages ...

Financial Data and Key Metrics Changes - The company generated $72.3 million in revenue in the second quarter, compared to $71.5 million last year, reflecting a slight increase [44][30] - GAAP EPS was $0.08, primarily impacted by noncash impairment, while non-GAAP EPS totaled $0.90, near the high end of analyst expectations [44][30] - Corporate expenses totaled $6.8 million, an increase of $0.6 million on a GAAP basis, and $6.3 million on a non-GAAP basis, reflecting more corporate-level management from acquisitions and new projects [30][44] Business Line Data and Key Metrics Changes - The nightclub segment generated $59.4 million in revenue in Q2 '24, up from $57 million last year, driven by a $7.4 million increase from acquisitions [44][30] - Bombshells segment revenues declined by $1.5 million, with operating income down to $0.7 million or 5.5% of revenues compared to $1.8 million or 12.4% [30][46] - Adjusted EBITDA was $17.2 million or 24% of revenues, reflecting a combination of lower service revenue and higher costs [30][44] Market Data and Key Metrics Changes - Same-store sales declined by $2.7 million, while new locations contributed an increase of $1.2 million [46][30] - The company noted a significant impact from severe weather in Texas, which affected operations during January [45][30] - The company is seeing a 15% to 30% decline in revenues from competitors, averaging around 20% declines from their peaks in 2021 and 2022 [64][30] Company Strategy and Development Direction - The company aims to return Bombshells to $60 million in revenue with 15% margins, exploring strategic options such as partnerships or asset sales [4][30] - Focus is on capital allocation strategy, emphasizing mergers and acquisitions, organic growth, and stock buybacks when free cash flow yield exceeds 10% [48][30] - The company is rebranding underperforming clubs to improve performance and is committed to evaluating non-income generating assets [48][30] Management Comments on Operating Environment and Future Outlook - Management acknowledged economic uncertainty and the need to adapt to changing consumer spending habits, noting that people are not spending as much [4][30] - The company is focused on cutting controllable costs and has halted future project costs until a direct opening date is confirmed [10][30] - Management expressed optimism about upcoming sports events boosting traffic and revenue, particularly in markets with active teams [77][30] Other Important Information - The Duncan Burch acquisition has performed well, with revenues growing 23.9% year-over-year and operating margins expanding [29][30] - The company has a cash position of $20 million and used $1.5 million for share buybacks during the second quarter [30][44] - The company is evaluating the potential of divesting certain properties to focus on core business operations [78][30] Q&A Session Summary Question: Can you provide details on the increase in other charges in the income statement this quarter? - The increase was primarily due to an $8 million impairment charge [34] Question: What is the status of M&A activities? - The company is negotiating two letters of intent, with one in a negotiation lock due to potential unknown liabilities [34] Question: What strategies are in place to improve service revenue? - Management is focused on returning to basics, enhancing customer service, and rebranding underperforming locations [85][30] Question: How is the company adapting to economic uncertainty? - The company is implementing cost containment measures and adjusting pricing strategies to attract customers [88][30] Question: What are the expectations for the Central City location? - The company plans to open the Rick's Cabaret Steakhouse in Q4, with potential revenue contributions being evaluated [80][30]

RCI Reports 2Q24 Results; X Spaces Call at 4:30 PM ET Today; Meet Management at 7 PM ET Tonight HOUSTON—May 9, 2024—RCI Hospitality Holdings, Inc. (Nasdaq: RICK) today reported results for the fiscal 2024 second quarter ended March 31, 2024. The company also filed its Form 10-Q today. | Summary Financials (in millions except EPS) | 2Q24 | 2Q23 | 6M24 | 6M23 | | --- | --- | --- | --- | --- | | Total revenues | $72.3 | $71.5 | $146.2 | $141.5 | | EPS | $0.08 | $0.83 | $0.85 | $1.94 | | 1 Non-GAAP EPS | $0.90 ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number: 001-13992 RCI HOSPITALITY HOLDINGS, INC. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) Te ...

RCI Hospitality Holdings, Inc. (NASDAQ:RICK) Q1 2024 Earnings Conference Call February 8, 2024 4:30 PM ET Company Participants Mark Moran - CEO, Equity Animal Eric Langan - President and CEO Bradley Chhay - CFO Conference Call Participants Anthony Lebiedzinski - Sidoti & Company Scott Buck - H.C. Wainwright Robert McGuire - Granite Research Evan Tindell - Bireme Capital Adam Wyden - ADW Capital Management Mark Moran Greetings, and welcome to RCI Hospitality Holdings First Quarter 2024 Earnings Conference C ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 RCI HOSPITALITY HOLDINGS, INC. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) Texas 76-0458229 (I.R.S. Employer Identification No.) 10737 Cutten Road FORM 10-Q x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended December 31, 2023 o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) ...

RCI Hospitality Holdings, Inc. (NASDAQ:RICK) Q4 2023 Earnings Conference Call December 14, 2023 4:30 PM ET Company Participants Mark Moran - Chief Executive Officer, Equity Animal Eric Langan - Chairman, President and Chief Executive Officer Bradley Chhay - Chief Financial Officer Conference Call Participants Scott Buck - H.C. Wainwright Anthony Lebiedzinski - Sidoti & Company Robert McGuire - Granite Research Adam Wyden - ADW Capital Management Mark Moran Greetings and welcome to RCI Hospitality Holdings ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K x ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended September 30, 2023 o Transition report under Section 13 or 15(d) of the Securities Exchange Act of 1934 Commission file number: 001-13992 RCI HOSPITALITY HOLDINGS, INC. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) Texas 76-045 ...