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RICK — RCI Hospitality Holdings News Story

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RCI Hospitality Q2 revenue, profit rise on nightclubs expansion

((This story was generated using AI and automation, please see
disclaimer https://bit.ly/rtrsnai))
    
    Overview
  
    * US adult nightclub and sports bar operator's fiscal Q2 revenue rose 4% yr/yr
    * Adjusted EPS for fiscal Q2 rose to $0.78 from $0.65 last year
    * Company continued share buybacks, reducing shares outstanding by 12.6% yr/yr

    
    Outlook
  
    * Company did not provide specific guidance for current or future quarters

    
    Result Drivers
  
    * NIGHTCLUBS EXPANSION - Revenue growth driven by five newly acquired, opened, or reformatted clubs, which contributed $4.8 mln in sales
    * IMPAIRMENTS - Higher non-cash impairments and other charges weighed on net income and GAAP EPS
    * WEATHER IMPACT - Freezing weather in late January-early February led to temporary club closures, mostly on weekends, affecting sales

    
Company press release:  ID:nBw1nWp6Ga 
    
    Key Details
  
                               
                               
 Metric    Beat/Mis  Actual    Consensu
           s                   s
                               Estimate
                               
                               
 Q2                  $0.78      
 Adjusted                      
 EPS                           
 Q2 EPS              -$0.04     
 Q2 Net              -$326,00   
 Income              0         
 Q2                  $3.81      
 Income              mln       
 from                          
 operatio                      
 ns                            
 Q2                  -$617,00  
 Pretax              0         
 Profit                        
    
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact .

(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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