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Sep 30, 2024
RCI Hospitality Q4 2024 Earnings Report
RCI Hospitality reported mixed Q4 2024 results with increased non-GAAP EPS and free cash flow, but a decline in total company sales due to a hurricane and fire.
Key Takeaways
RCI Hospitality Holdings reported a decrease in total revenues for Q4 2024, from $75.3 million to $73.2 million, and a decrease in EPS from $0.23 to $0.03. However, the company saw an increase in non-GAAP EPS from $1.11 to $1.63, and improvements in net cash provided by operating activities and free cash flow. Nightclubs same-store sales increased for the second consecutive quarter, but Bombshells segment revenue declined by 12.1%.
Nightclubs same-store sales increased for the second consecutive quarter.
Total company sales declined due to a hurricane and fire.
Non-GAAP EPS, net cash provided by operating activities, and free cash flow all increased.
RCI repurchased 174,790 common shares for $7.8 million in Q4 2024.
Revenue by Segment
Forward Guidance
RCI Hospitality Holdings plans to focus on its Nightclub business and improve Bombshells, allocating 50% of free cash flow to nightclub acquisitions and debt repayment, and 50% to share buybacks and dividends.
Positive Outlook
- Focus on existing nightclubs
- Improve Bombshells
- Acquire new nightclubs
- Nightclub Acquisitions: 50% (includes debt repayment)
- Share Buybacks & Dividends: 50%
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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