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Sep 30, 2020
RCI Hospitality Q4 2020 Earnings Report
RCI Hospitality reported results that were not comparable to year-ago periods due to the COVID-19 pandemic.
Key Takeaways
RCI Hospitality Holdings, Inc. reported 4Q20 results, which demonstrated continued progress managing the effects of COVID-19. Both the Bombshells and Nightclubs segments exceeded expectations.
4Q20 demonstrated continued progress managing the effects of COVID-19.
The company was able to serve guests, keep teams employed, and generate free cash flow.
Both the Bombshells and Nightclubs segments exceeded expectations.
The company is actively pursuing several club acquisitions and site acquisition and development of ‘The Next 10’ Bombshells.
RCI Hospitality
RCI Hospitality
Forward Guidance
The company is positioned to benefit from the positive effects COVID-19 vaccines could create for its businesses over the course of FY21 and beyond.