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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.
RCI Hospitality
RCI Hospitality
RCI Hospitality Revenue by Segment
Revenue by Segment
Nightclubs Revenue
CapyFin.comBombshells Revenue
CapyFin.com 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