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RICK — RCI Hospitality Holdings News Story

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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.)

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