NASDAQ$RICK

RCI Hospitality Holdings Inc · Q1 2021 earnings

Q1 2021 earnings · · Investor relations

Briefing

RCI Hospitality reported positive operating cash flow and EPS.

RCI Hospitality Holdings, Inc. reported its Q1 2021 results, showing the best overall company and Nightclubs performance since the pandemic began in March 2020, along with continued strong Bombshells results. The company was able to maintain employment, generate free cash flow, build cash reserves, and achieve operating and net profitability on both GAAP and non-GAAP bases.

  • 1Q21 saw the best overall company and Nightclubs performance since the pandemic began in March 2020.
  • Bombshells results remained strong.
  • The company generated free cash flow and built cash reserves.
  • Operating and net profitability were achieved on a GAAP and non-GAAP basis.

Headline financials

Total Revenue

$38.4M

Previous: $48.4M-20.7%
EPS (adj)

$0.39

Previous: $0.62-37.1%
Capital Expenditures

-$1.29M

Previous: -$4.06M+68.2%
Free Cash Flow

$8.35M

Previous: $1.58M+430.1%
Net Income

$9.64M

Previous: $5.63M+71.2%
Operating Income

$6.58M

Previous: $9.69M-32.0%
Gross Profit

$32.2M

Previous: $41.6M-22.6%
Cash & Equivalents

$17M

Previous: $13.2M+28.9%
Total Assets

$359M

Previous: $376M-4.7%

Revenue & EPS history

RCI Hospitality · Revenue · Quarterly

$38.4M

Q1 2021-20.7%vs Q1 2020
Beat estimate in 11 of 14 quarters(79%)
ActualEstimate

Revenue by segment

RCI Hospitality · $40.5M total across 2 segments · Q1 2021

  • Nightclubs
    $29.7M-13.1%
  • Bombshells
    $10.8M+13.2%

Forward guidance

RCI Hospitality is encouraged by the increasing number of clubs being allowed to reopen as COVID-19 vaccines are rolled out. The company is evaluating potential club acquisitions and expanding Bombshells, including a recent site acquisition in the Dallas area. They are also working to refinance real estate debt at better terms.

Tailwinds

  • More clubs have been allowed to reopen.
  • The company is evaluating potential club acquisitions.
  • A great site in the Dallas area was acquired to expand Bombshells.
  • Due diligence is being conducted on three more Bombshells sites.
  • The company is awaiting results of appraisals to refinance real estate debt at better terms.

Headwinds

  • Results are not comparable to year-ago periods due to the COVID-19 pandemic.
  • State and local governments restrict the opening, occupancy, and operating hours of locations in different ways, at different times.
  • The company's actual results could differ materially due to risks and uncertainties associated with operating and managing an adult business.
  • Cyber security issues may impact results.
  • Conditions relevant to real estate transactions may impact results.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2021

Historical avgQ1 2021

+2.7%

Avg return

Earnings day

+1.9%

Avg return

5 days after

+0.1%

Avg return

30 days after

62%

40 / 65 earnings

Positive

+24.7%

Q1 2021

Best reaction

-19.4%

Q1 2020

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+1.1%-8.1%-5.0%
Q4 2025+7.1%+1.6%+4.4%
Q4 2024+11.4%-4.3%-9.8%
Q3 2025+1.4%+3.4%-3.2%
Q2 2025-2.2%-8.3%-6.0%
Q1 2025-3.7%-2.2%-17.1%
Q3 2024+7.7%+7.6%-4.8%
Q2 2024-5.5%-7.2%-11.2%
Q1 2024-4.9%-5.2%-6.7%
Q4 2023-4.3%-1.8%-5.1%
Q3 2023-1.8%-2.7%-7.3%
Q2 2023-3.8%-3.5%+1.1%
Q1 2023-9.4%-4.4%-10.0%
Q4 2022+6.4%+4.1%+9.3%
Q3 2022+7.7%+15.0%+7.4%
Q2 2022-4.8%-5.8%-8.6%
Q1 2022-2.9%-13.6%-22.0%
Q4 2021+4.6%-3.2%-16.6%
Q3 2021+10.5%+10.2%+3.7%
Q2 2021-1.6%+5.6%-2.4%
Q1 2021+24.7%+18.3%+50.2%
Q4 2020+9.1%+8.8%+19.6%
Q3 2020+19.8%+21.5%+48.0%
Q2 2020-15.0%-22.2%+29.2%
Q1 2020-19.4%-15.2%-57.5%
Q4 2019+6.6%+0.4%-56.0%
Q3 2019+15.1%+23.6%+16.9%
Q2 2019+10.7%+7.1%+6.5%
Q1 2019+5.2%+5.9%-0.1%
Q4 2018+5.9%-5.4%+1.2%
Q3 2018+1.9%+2.1%-4.9%
Q2 2018+7.7%+5.1%+9.2%
Q1 2018+7.1%+4.2%-1.9%
Q4 2017+7.9%+7.5%+4.7%
Q3 2017+10.9%+11.7%+0.1%
Q2 2017+12.0%+13.2%+38.0%
Q1 2017+1.0%+0.2%-6.6%
Q4 2016-0.3%+6.8%+10.0%
Q3 2016+3.4%+3.9%+6.3%
Q2 2016+6.6%
Q1 2016+4.1%
Q4 2015-2.1%
Q3 2015-6.2%
Q2 2015+4.1%
Q1 2015+4.8%
Q4 2014-0.5%
Q3 2014+4.7%
Q2 2014+7.6%
Q1 2014-0.8%
Q4 2013+15.5%
Q3 2013+2.7%
Q2 2013+1.0%
Q1 2013+8.2%
Q4 2012+4.2%
Q2 2010+4.2%
Q3 2012-5.1%
Q2 2012-1.9%
Q1 2011-7.3%
Q1 2012-2.0%
Q2 2011+3.3%
Q4 2011+3.3%
Q4 2009+3.3%
Q3 2010-0.1%
Q3 2011-0.1%
Q4 2010-0.1%

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