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Jun 30, 2022
RCI Hospitality Q3 2022 Earnings Report
RCI Hospitality benefited from higher sales, rebound in Nightclubs and sequential improvement in Bombshells.
Key Takeaways
RCI Hospitality Holdings reported Q3 2022 results with total revenues of $70.7 million, GAAP EPS of $1.48, and Non-GAAP EPS of $1.60. The company's third quarter benefited from higher sales, a continued rebound in Nightclubs service revenues, and a sequential improvement in Bombshells, resulting in strong free cash flow and adjusted EBITDA. Net cash from operating activities and FCF were further enhanced by receipt of a $2.2 million tax refund.
Total Revenues $70.7M, up 22.2% year-over-year
GAAP EPS $1.48, up 8.0% year-over-year
Non-GAAP EPS $1.60, up 18.0% year-over-year
Free Cash Flow $18.0M, up 39.1% year-over-year
RCI Hospitality
RCI Hospitality
Forward Guidance
No specific forward guidance was provided in the document.