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Dec 31, 2021
RCI Hospitality Q1 2022 Earnings Report
Reported strong first quarter results with nightclubs and Bombshells performing well, and recent acquisitions contributing to the quarter's success.
Key Takeaways
RCI Hospitality Holdings reported a strong first quarter for fiscal year 2022, driven by the performance of Nightclubs and Bombshells, as well as contributions from recent club acquisitions and a new Bombshells location in Arlington, TX. The company had approximately $32 million cash on hand at the end of January.
Nightclubs and Bombshells continued to perform well.
Recent club acquisitions contributed to the quarter's results.
A new company-owned Bombshells in Arlington, TX contributed to the quarter's results.
The company expects further progress with recent club acquisitions and the opening of the first Bombshells franchise in San Antonio, TX.
Forward Guidance
Looking ahead, the company expects further progress with recent club acquisitions, the opening of the first Bombshells franchise in San Antonio, TX, and the soft launch of AdmireMe.com. They are actively pursuing new club acquisitions as well as Bombshells company-owned locations and franchisees.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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