RCI Hospitality (US:RICK)2024-12-16 21:38Financial Performance & Targets - RCI Hospitality Holdings aims to generate over $250 million in cumulative Free Cash Flow (FCF) over the next 5 years[24] - The company targets $400 million in revenue and $75 million in FCF by FY29[24] - RCI Hospitality Holdings plans to double FCF per share by FY29[24] - In 4Q24, the company's Non-GAAP EPS was $1.63, and for FY24, it was $4.72[45] - The company's FY24 free cash flow was $48.4 million[45] Capital Allocation & Strategy - RCI Hospitality Holdings has allocated approximately 50% of its FCF for share buybacks and dividends, and approximately 50% for club acquisitions (including debt repayment)[42] - Since FY16, RCI Hospitality Holdings has completed $267 million in club acquisitions (including real estate)[29] - The company increased its share buyback program by $25 million in 4Q24[38] - In FY24, RCI Hospitality Holdings repurchased 442,639 shares for $20.6 million[38] Segment Performance - Nightclubs segment revenues in 4Q24 were $56.6 million[49] - Bombshells segment revenues decreased by $1.7 million in 4Q24 compared to 4Q23[59]