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Sep 30, 2021

RCI Hospitality Q4 2021 Earnings Report

RCI Hospitality reported record fourth quarter and annual revenues, along with strong cash generation.

Key Takeaways

RCI Hospitality Holdings, Inc. reported record fourth quarter and annual revenues, demonstrating strong performance despite challenges such as COVID-19 restrictions, the Delta variant, inflation, and labor issues. The company is focused on executing its FY22 plan, including improving customer experience at new club acquisitions, scouting for new clubs, opening new Bombshells locations, and launching the AdmireMe site.

RCI Hospitality achieved record fourth quarter revenues.

The company also achieved record annual revenues.

RCI Hospitality demonstrated strong cash generation.

The company is focused on growth and expansion in FY22, including new club acquisitions and Bombshells locations.

Total Revenue
$54.9M
Previous year: $28.8M
+90.9%
EPS
$1.58
Previous year: $0.15
+953.3%
Gross Profit
$32.7M
Previous year: $16.1M
+103.2%
Cash and Equivalents
$35.7M
Previous year: $17.8K
+200394.4%
Free Cash Flow
$7.05M
Previous year: $7.83K
+89997.1%
Total Assets
$365M
Previous year: $248K
+147069.2%

RCI Hospitality

RCI Hospitality

Forward Guidance

The company is focused on executing its FY22 plan, including improving the customer experience at our new club acquisitions, scouting for new clubs to buy, the recent opening of our new company-owned Bombshells Arlington, the upcoming opening of our franchisee-owned Bombshells San Antonio, developing new company-owned and franchised Bombshells locations, and launching our AdmireMe mobile friendly site.