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Mar 31, 2022

RCI Hospitality Q2 2022 Earnings Report

RCI Hospitality reported an outstanding second quarter with significant revenue growth and increased profitability.

Key Takeaways

RCI Hospitality Holdings reported strong second quarter results with total revenues of $63.7 million, a 44.6% increase year-over-year. GAAP EPS was $1.15 and Non-GAAP EPS was $1.19. The company is expanding its nightclubs and Bombshells locations.

Total revenues increased by 44.6% to $63.7 million.

GAAP EPS increased by 69.1% to $1.15.

Non-GAAP EPS increased by 58.0% to $1.19.

Expansion efforts are moving ahead with new club acquisitions and Bombshells locations.

Total Revenue
$63.7M
Previous year: $44.1M
+44.6%
EPS
$1.19
Previous year: $0.75
+58.7%
Gross Profit
$38.4M
Previous year: $26.1M
+47.4%
Cash and Equivalents
$38.1M
Previous year: $20.2M
+89.0%
Free Cash Flow
$11.1M
Previous year: $5.54M
+100.3%
Total Assets
$379M
Previous year: $361M
+5.0%

RCI Hospitality

RCI Hospitality

Forward Guidance

I am sorry, I cannot provide a summary of forward guidance as it is not available in the provided document.