NASDAQ$RICK

RCI Hospitality Holdings Inc · Q1 2023 earnings

Q1 2023 earnings · · Investor relations

Briefing

RCI Hospitality reported first quarter fiscal 2023 results, with total revenues of $70.0 million, GAAP EPS of $1.11, and non-GAAP EPS of $1.19.

RCI Hospitality Holdings, Inc. reported 1Q23 results with total revenues of $70.0M, GAAP EPS of $1.11, and Non-GAAP EPS of $1.19. The company's Nightclubs segment saw a year-over-year increase in operating income, offsetting challenges in the Bombshells segment. Adjusted EBITDA increased 13.9% year-over-year, and the company ended 1Q23 with $34.1 million in cash.

  • Total revenues were $70.0M, a 13.2% increase year-over-year.
  • GAAP EPS was $1.11, a 0.9% decrease year-over-year.
  • Non-GAAP EPS was $1.19, an 8.2% increase year-over-year.
  • Adjusted EBITDA increased 13.9% year-over-year to $20.5M.

Headline financials

Total Revenue

$70M

Previous: $61.8M+13.2%
EPS (adj)

$1.19

Previous: $1.10+8.2%
Capital Expenditures

-$12.6M

Previous: $9.85M-227.4%
Free Cash Flow

-$2.32M

Previous: $6.41M-136.1%
Net Income

$10.2M

Previous: $10.6M-3.2%
Operating Income

$16.9M

Previous: $15.9M+6.2%
Gross Profit

$61M

Previous: $36.4M+67.3%
Cash & Equivalents

$34.1M

Previous: $18M+90.0%
Total Assets

$556M

Previous: $466M+19.4%
Stock-Based Comp

$941K

No prior period

Revenue & EPS history

RCI Hospitality · Revenue · Quarterly

$70M

Q1 2023+13.2%vs Q1 2022
Beat estimate in 10 of 14 quarters(71%)
ActualEstimate

Revenue by segment

RCI Hospitality · $69.8M total across 2 segments · Q1 2023

  • Nightclubs
    $56.3M
  • Bombshells
    $13.4M

Forward guidance

The company is focused on growing free cash flow and adjusted EBITDA through acquisitions and projects in development, including the pending acquisition of Baby Dolls and Chicas Locas adult nightclubs, the new Rick’s Cabaret Steakhouse & Casino in Central City, CO, and new Bombshells in Alabama, Colorado, and Texas.

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 2023

Historical avgQ1 2023

+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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