RCI Hospitality Q3 revenue rises 4%, adjusted EPS up
RCI Hospitality Q3 revenue rises 4%, adjusted EPS up
Overview
US adult nightclub and sports bar operator's fiscal Q3 revenue rose yr/yr
Adjusted EPS for fiscal Q3 increased yr/yr
Company continued share buybacks and reduced debt during the quarter
Outlook
Company did not provide specific guidance for the current or future periods
Result Drivers
BOMBSHELLS EXPANSION - Co said Bombshells segment growth was driven by new locations and 4.7% same-store sales increase
SPORTS EVENTS IMPACT - Increased activity from professional basketball and soccer events benefited Nightclubs and Bombshells
LOWER IMPAIRMENT & INSURANCE COSTS - Co said results reflected lower impairment and insurance costs
Company press release: ID:nBw4Jb9K1a
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Adjusted EPS |
| $0.90 |
|
Q3 EPS |
| $0.83 |
|
Q3 Net Income attributable |
| $6.40 mln |
|
Q3 Income from operations |
| $12.97 mln |
|
Q3 Pretax Profit |
| $8.63 mln |
|
Reuters Recommended Reads
Aug 5 - ONE Group Hospitality Q2 revenue falls more than expected amid restaurant closures
Aug 4 - Light & Wonder Q2 revenue rises on gaming operations
Aug 5 - MLB franchise Atlanta Braves Q2 revenue falls 2% on fewer home games
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
(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.)
Recent news on RCI Hospitality Holdings
See all newsRCI Hospitality Q3 revenue rises 4%, adjusted EPS up
Brief: RCI Hospitality Q3 Adjusted EPS USD 0.9
RCI Hospitality Q2 revenue, profit rise on nightclubs expansion
Brief: RCI Hospitality Q2 Adjusted EPS USD 0.78
Brief: RCI Hospitality Holdings Enters One-Year Employment Agreement With Interim CFO Albert Molina - SEC Filing