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Mar 31, 2021
RCI Hospitality Q2 2021 Earnings Report
RCI Hospitality reported a strong increase in Q2 2021 EPS and free cash flow.
Key Takeaways
RCI Hospitality Holdings, Inc. reported a rebound in financial performance through the COVID-19 pandemic in Q2 2021. Nightclubs had their best overall performance since the pandemic began, and Bombshells delivered another strong quarter. The company was able to keep teams employed and generate higher levels of free cash flow and profitability.
2Q21 reflected a continued rebound in financial performance through the COVID-19 pandemic.
Nightclubs had their best overall performance since the pandemic began.
Bombshells served up another strong quarter.
Company was able to keep teams employed and generate higher levels of free cash flow and profitability.
Forward Guidance
As of today, 36 clubs and 10 Bombshells are open. Nightclubs and Bombshells sales exceeded $18 million in April. Restrictive curfews, which have affected many of our northern clubs, are beginning to end.
Positive Outlook
- 36 clubs and 10 Bombshells are open.
- Nightclubs and Bombshells sales exceeded $18 million in April.
- Restrictive curfews, which have affected many of our northern clubs, are beginning to end.
- Minnesota lifted its 11 PM curfew on Friday.
- New York plans to eliminate its midnight curfew May 31.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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