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Mar 31, 2024
RCI Hospitality Q2 2024 Earnings Report
Reported second quarter fiscal year 2024 results.
Key Takeaways
RCI Hospitality Holdings reported revenue of $72.3 million, a slight increase from $71.5 million in the same quarter last year. GAAP EPS was $0.08, while non-GAAP EPS totaled $0.90. The Nightclubs segment saw revenue increase to $59.4 million, while the Bombshells segment experienced a decline to $12.8 million.
RCI generated $72.3 million in revenue in 2Q24 compared to $71.5 million last year.
GAAP EPS of $0.08 primarily reflected $8.0 million in non-cash impairment.
Non-GAAP EPS totaled $0.90, near the high end of expectations.
Nightclubs segment generated $59.4 million in revenue in 2Q24 compared to $57.0 million last year.
Revenue by Segment
Forward Guidance
The company is committed to following its capital allocation strategy, focusing on the core nightclubs business, evaluating potential acquisitions, and buying back stock. Subsequent to the end of the quarter, the company increased its cash position by $20 million by closing on its planned bank loan.
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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