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Sep 30, 2019
RCI Hospitality Q4 2019 Earnings Report
RCI Hospitality reported solid performance in Q4 2019, with total revenues for the year increasing and free cash flow also increasing.
Key Takeaways
RCI Hospitality Holdings reported a solid fourth quarter and fiscal year 2019, with total revenues for the year increasing by 9.2% to a record $181.1 million and free cash flow increasing by 43.3% to a record $33.3 million. The company also reduced shares outstanding by 1% in FY19.
Total revenues for the year increased 9.2% to a record $181.1 million.
Free cash flow increased 43.3% to a record $33.3 million.
Shares outstanding reduced by 1% in FY19.
Total club and restaurant sales were up 10% in 1Q20.
Forward Guidance
RCI Hospitality is looking forward to a strong FY20, with total club and restaurant sales up 10% in 1Q20. The company expects the rebound in Bombshells same-store sales and margins to continue and new locations are doing well.
Positive Outlook
- Total club and restaurant sales were up 10% in 1Q20.
- Nightclubs experienced added business from the big mixed-martial arts fight in January and the pro football championship in February.
- Expect the rebound in Bombshells same-store sales and margins to continue.
- New locations are doing well.
- Approximately $6.7 million in excess property sales under contract.
Challenges Ahead
- Risks associated with operating and managing an adult business.
- The business climates in cities where it operates.
- The success or lack thereof in launching and building the company’s businesses.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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