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Mar 31, 2023
RCI Hospitality Q2 2023 Earnings Report
RCI Hospitality's financial performance improved with revenue growth and strategic acquisitions.
Key Takeaways
RCI Hospitality Holdings reported a revenue increase of 12.3% year-over-year, reaching $71.5 million in the second quarter of 2023. GAAP EPS was $0.83, while Non-GAAP EPS was $1.30. The company completed the acquisition of 5 clubs, Baby Dolls-Chicas Locas and is focusing on optimizing their contribution. Bombshells turnaround program has started to produce results.
Total revenues increased by 12.3% year-over-year to $71.5 million.
GAAP EPS was $0.83, a decrease of 27.8% year-over-year.
Non-GAAP EPS increased by 9.2% year-over-year to $1.30.
Free cash flow grew 33.3% to $14.8 million, representing 20.6% of revenues.
Revenue by Segment
Forward Guidance
RCI Hospitality is focused on optimizing recent acquisitions, advancing club acquisition and development projects, and developing Rick's Cabaret Steakhouse & Casino in Colorado, and new Bombshells locations.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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