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RICK RCI Hospitality Holdings News Story

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Brief: RCI Hospitality Q3 Adjusted EPS USD 0.77

Overview

RCI Hospitality Q3 revenue declines to $71.1 mln from $76.2 mln yr/yr

Adjusted EPS falls to $0.77 from $1.35

Net income improves to $4.1 mln from a loss of $5.2 mln yr/yr

Result Drivers

NIGHTCLUBS REVENUE - Revenues nearly flat despite economic uncertainty and fire incident affecting one location

BOMBSHELLS DIVESTITURE - Revenue decline due to sale of underperforming locations and decrease in same-store sales

IMPAIRMENT CHARGES - Profitability benefited from reduced impairment charges compared to previous year

Key Details

MetricBeat/MissActualConsensus Estimate
Q3 Revenue$71.10 mln
Q3 Adjusted EPS$0.77
Q3 EPS$0.46
Q3 Net Income$4.10 mln
Q3 Income from operations$8.71 mln
Q3 Pretax Profit$4.79 mln
Analyst Coverage The stock recently traded at 6 times the next 12-month earnings vs. a P/E of 7 three months ago Press Release: ID:nBw349JCYa (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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