Latest news with #RCIHospitality
Yahoo
12 hours ago
- Business
- Yahoo
RCI Announces Acquisition of Platinum Plus Gentlemen's Club in Allentown, PA
HOUSTON, June 16, 2025--(BUSINESS WIRE)--RCI Hospitality Holdings, Inc. (Nasdaq: RICK) today announced closing on the acquisition of the upscale Platinum Plus Gentlemen's Club in Allentown, PA, minutes away by car from the airport in Allentown and the casino in Bethlehem. The purchase price totaled $2.0 million, consisting of $1.5 million cash and $0.5 million seller financing at 7% for the club. The purchase price is in line with RCI's acquisition valuation target of 3-5x annualized adjusted EBITDA for a club. Separately, a long-term lease was signed for the property. Eric Langan, President and CEO of RCI Hospitality Holdings, Inc., commented: "This is the sister club to the recently announced acquisition of Platinum West in South Carolina and the third club purchase since the recent launch of our 5-Year 'Back to Basics' Capital Allocation Plan." "Platinum Plus is a well-established business with a seasoned management team. The club adds to our six other locations in the Northeast states and should benefit from our marketing, purchasing and systems know-how." Mr. Langan added that executive management of the two Platinum clubs will stay on to ensure a smooth transition and look for new club acquisitions. The 15,000 square foot Platinum Plus is located at 1251 Airport Road, Allentown, PA 18109. The club is open Monday through Saturday from 11:00 a.m. to 2:00 a.m. and Sunday from 4:00 p.m. to 2:00 a.m. Visit About RCI Hospitality Holdings, Inc. (Nasdaq: RICK) (X: @RCIHHinc) With more than 60 locations, RCI Hospitality Holdings, Inc., through its subsidiaries, is the country's leading company in adult nightclubs and sports bars-restaurants. See all our brands at Forward-Looking Statements This press release may contain forward-looking statements that involve a number of risks and uncertainties that could cause the Company's actual results to differ materially from those indicated, including, but not limited to, the risks and uncertainties associated with (i) operating and managing an adult entertainment or restaurant business, (ii) the business climates in cities where it operates, (iii) the success or lack thereof in launching and building the Company's businesses, (iv) cyber security, (v) conditions relevant to real estate transactions, and (vi) numerous other factors such as laws governing the operation of adult entertainment or restaurant businesses, competition and dependence on key personnel. For more detailed discussion of such factors and certain risks and uncertainties, see RCI's annual report on Form 10-K for the year ended September 30, 2024, as well as its other filings with the U.S. Securities and Exchange Commission. The Company has no obligation to update or revise the forward-looking statements to reflect the occurrence of future events or circumstances. View source version on Contacts Media & Investor Contacts Gary Fishman and Michael Wichman at 212-883-0655 or gfishman@ and mwichman@
Business Journals
13-05-2025
- Business
- Business Journals
RCI Hospitality continues buying and selling properties
Houston-based RCI Hospitality continues making moves that align with its "back to basics" strategy, which includes selling underperforming restaurant locations, focusing on nightclub acquisitions, paying down debt and buying back stock.
Yahoo
13-05-2025
- Business
- Yahoo
RCI Hospitality Holdings Inc (RICK) Q2 2025 Earnings Call Highlights: Navigating Challenges ...
Total Revenue: $65.9 million, down from $72.3 million year over year. Net Income: $3.2 million, up from $0.8 million year over year. GAAP EPS: $0.36 per share, up from $0.08 per share. Net Cash Provided by Operating Activities: $8.5 million, down from $10.8 million. Free Cash Flow: $6.9 million, down from $8.8 million. Adjusted EBITDA: $14.2 million, down from $17.2 million. Non-GAAP EPS: $0.65, down from $0.90. Nightclub Revenue: $57.5 million, a decline of 3.1% year over year. Same Store Sales Decline: 3.5% in nightclubs. Bombshells Revenue: $8.2 million, down 35.6% year over year. GAAP Expenses: $5.5 million, a decline of $1.3 million. Cash and Cash Equivalents: $32.7 million at the end of the quarter. Debt Increase: $5.9 million from December 31st, primarily due to acquisitions and construction. Debt to Trailing 12 Month Adjusted EBITDA: 3.56 times, up from 3.32 times. Shares Repurchased: 56,875 shares for $2.9 million. Warning! GuruFocus has detected 8 Warning Signs with STXS. Release Date: May 12, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. RCI Hospitality Holdings Inc (NASDAQ:RICK) reported a net income of $3.2 million, a significant increase from $0.8 million in the previous year. The company successfully acquired two upscale adult nightclubs, Flight Club in Detroit and Platinum West in South Carolina, aligning with their capital allocation strategy. RCI Hospitality Holdings Inc (NASDAQ:RICK) repurchased 56,875 common shares for $2.9 million, reducing the total shares outstanding to approximately 8.8 million. The company opened a new Bombshells location in Denver and rebranded Chicas Locas in El Paso, reducing their list of development projects. Operating income increased to $14.6 million from $11 million, with a margin improvement to 25.4% of revenues from 18.6%. Total revenues decreased by $6.4 million to $65.9 million, primarily due to closures or divestitures of non-performing Bombshells locations and severe weather impacts. Same store sales declined by 3.5%, with significant weather-related disruptions affecting business operations. Bombshells segment reported a revenue decline of 35.6% year over year, with operating results showing a loss of $227,000. Adjusted EBITDA decreased to $14.2 million from $17.2 million, reflecting lower sales and margins. Debt increased by $5.9 million, with a higher debt to trailing 12-month adjusted EBITDA ratio of 3.56 times compared to 3.32 times in the preceding quarter. Q: What is the average rate of return for seller financing and bank financing in the current market? A: Eric Langan, CEO, stated that both seller financing and bank financing are currently around 6 to 7%. Q: How has the approach of potential sellers changed compared to a few years ago? A: Eric Langan, CEO, noted that sellers previously used high 2022 numbers for valuations, but now they are more willing to negotiate using a combination of past and current numbers due to a challenging 2024 for the industry. Q: What operational changes were made at the newly acquired Flight Club in Detroit? A: Eric Langan, CEO, explained that they improved guest treatment, ensuring everyone could enjoy the club, not just high spenders, and made minor upgrades to systems and operations. Q: Can you quantify the impact of severe weather on earnings in the first quarter? A: Eric Langan, CEO, estimated a sales decline of about $700,000 per week over eight weeks due to weather, totaling approximately $5.6 million in lost sales, impacting EBITDA by around $3 million. Q: What is the status of the M&A pipeline and recent acquisitions? A: Eric Langan, CEO, mentioned that the South Carolina acquisition will contribute this quarter, and Detroit is expected to meet its $2 million run rate. The company is working on additional acquisitions and expects better performance in the upcoming quarter. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Washington Post
12-05-2025
- Business
- Washington Post
RCI Hospitality: Fiscal Q2 Earnings Snapshot
HOUSTON — HOUSTON — RCI Hospitality Holdings Inc. (RICK) on Monday reported earnings of $3.2 million in its fiscal second quarter. On a per-share basis, the Houston-based company said it had net income of 36 cents. The adult nightclub chain posted revenue of $65.9 million in the period. _____ This story was generated by Automated Insights ( using data from Zacks Investment Research. Access a Zacks stock report on RICK at
Yahoo
10-02-2025
- Business
- Yahoo
Earnings Preview: RCI Hospitality (RICK) Q1 Earnings Expected to Decline
Wall Street expects a year-over-year decline in earnings on lower revenues when RCI Hospitality (RICK) reports results for the quarter ended December 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates. The stock might move higher if these key numbers top expectations in the upcoming earnings report. On the other hand, if they miss, the stock may move lower. While the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion of business conditions on the earnings call, it's worth handicapping the probability of a positive EPS surprise. This adult nightclub chain is expected to post quarterly earnings of $0.52 per share in its upcoming report, which represents a year-over-year change of -32.5%. Revenues are expected to be $71.12 million, down 3.8% from the year-ago quarter. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period. Investors should keep in mind that an aggregate change may not always reflect the direction of estimate revisions by each of the covering analysts. Estimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. This insight is at the core of our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction). The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier. Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only. A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP. Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell). For RCI Hospitality, the Most Accurate Estimate is the same as the Zacks Consensus Estimate, suggesting that there are no recent analyst views which differ from what have been considered to derive the consensus estimate. This has resulted in an Earnings ESP of 0%. On the other hand, the stock currently carries a Zacks Rank of #5. So, this combination makes it difficult to conclusively predict that RCI Hospitality will beat the consensus EPS estimate. While calculating estimates for a company's future earnings, analysts often consider to what extent it has been able to match past consensus estimates. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number. For the last reported quarter, it was expected that RCI Hospitality would post earnings of $0.37 per share when it actually produced earnings of $0.03, delivering a surprise of -91.89%. The company has not been able to beat consensus EPS estimates in any of the last four quarters. An earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss. That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported. RCI Hospitality doesn't appear a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release. Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report RCI Hospitality Holdings, Inc. (RICK) : Free Stock Analysis Report To read this article on click here. Zacks Investment Research Sign in to access your portfolio
