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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.)