Latest news with #RICK
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
Yahoo
13-05-2025
- Business
- Yahoo
RCI Hospitality: Fiscal Q2 Earnings Snapshot
HOUSTON (AP) — HOUSTON (AP) — 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 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
12-05-2025
- Business
- Yahoo
RCI Hospitality: Fiscal Q2 Earnings Snapshot
HOUSTON (AP) — HOUSTON (AP) — 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 Sign in to access your portfolio
Yahoo
08-05-2025
- Business
- Yahoo
Here are Ace River Capital's Updates on its Top Position, RCI Hospitality (RICK)
Ace River Capital, an investment management company, released its first-quarter 2025 investor letter. A copy of the letter can be downloaded here. The fund returned -14.37% in the first quarter, compared to -4.3% and -9.5% returns for the S&P 500 (SPX) and the Russell 2000 (RTY), respectively. The firm's goal is to maintain a focused portfolio of small and micro-cap companies with distinct advantages and growth potential within their respective sectors. In addition, you can check the fund's top 5 holdings to determine its best picks for 2025. In its first-quarter 2025 investor letter, Ace River Capital highlighted stocks such as RCI Hospitality Holdings, Inc. (NASDAQ:RICK). Headquartered in Houston, Texas, RCI Hospitality Holdings, Inc. (NASDAQ:RICK) owns and operates clubs and restaurants. The one-month return of RCI Hospitality Holdings, Inc. (NASDAQ:RICK) was 9.47%, and its shares lost 20.91% of their value over the last 52 weeks. On May 7, 2025, RCI Hospitality Holdings, Inc. (NASDAQ:RICK) stock closed at $40.82 per share with a market capitalization of $361.946 million. Ace River Capital stated the following regarding RCI Hospitality Holdings, Inc. (NASDAQ:RICK) in its Q1 2025 investor letter: "The fund's top position is RCI Hospitality Holdings, Inc. (NASDAQ:RICK). RICK is the only publicly traded owner of adult nightclubs in the US. Currently they own 57 clubs across 13 states and an additional 14 sports-bar restaurants with the 'Bombshells' concept. With few municipalities issuing new adult entertainment licenses these businesses function as local monopolies with excellent unit economics. There are roughly 2200 clubs across the country and RICK estimates that 500 of which would meet their criteria for acquisition. These clubs have limited potential buyers with RICK establishing themselves as the buyer of choice for any club owners looking to sell. This provides a long runway for growth. A bustling nightclub filled with energy, illuminated by mesmerizing lights and the thumping beat of the dance music. RCI Hospitality Holdings, Inc. (NASDAQ:RICK) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 10 hedge fund portfolios held RCI Hospitality Holdings, Inc. (NASDAQ:RICK) at the end of the fourth quarter, compared to 9 in the third quarter. While we acknowledge the potential of RCI Hospitality Holdings, Inc. (NASDAQ:RICK) as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is as promising as NVIDIA but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock. In another article, we covered RCI Hospitality Holdings, Inc. (NASDAQ:RICK) and shared the list of most expensive stocks insiders are buying recently. In its Q2 2024 letter, the fund shared its expectations for RCI Hospitality Holdings, Inc.'s (NASDAQ:RICK) expansion of its club portfolio and the launch of the AdmireMe platform. In addition, please check out our hedge fund investor letters Q1 2025 page for more investor letters from hedge funds and other leading investors. READ NEXT: Michael Burry Is Selling These Stocks and A New Dawn Is Coming to US Stocks. Disclosure: None. This article is originally published at Insider Monkey. 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
