RCI Hospitality Q3 revenue rises 4%, adjusted EPS up
RICK•Quarterly results
RCI Hospitality Holdings said fiscal third-quarter revenue rose 4% year over year, while adjusted EPS increased year over year.
The company reported:
| Metric | Actual |
|---|---|
| Q3 Adjusted EPS | $0.90 |
| Q3 EPS | $0.83 |
| Q3 Net Income attributable | $6.40 mln |
| Q3 Income from operations | $12.97 mln |
| Q3 Pretax Profit | $8.63 mln |
What drove the quarter
The company said Bombshells segment growth was driven by new locations and a 4.7% same-store sales increase.
It also said increased activity from professional basketball and soccer events benefited Nightclubs and Bombshells.
Results also reflected lower impairment and insurance costs.
Capital allocation and outlook
The company continued share buybacks and reduced debt during the quarter.
It did not provide specific guidance for the current or future periods.
