NASDAQ$RICK

RCI Hospitality Holdings Inc · Q1 2025 earnings

Q1 2025 earnings · · After market close · Investor relations

Briefing

RCI Hospitality Holdings, Inc. reported a decrease in total revenues but an increase in net income and operating income for the first quarter of fiscal year 2025.

RCI Hospitality Holdings, Inc. experienced a slight decrease in total revenues by 3.3% to $71.483 million compared to the prior year, primarily due to closed locations. However, the company saw a significant increase in net income by 24.9% to $9.024 million and operating income by 5.6% to $13.906 million. Diluted EPS also rose to $1.01 from $0.77 in the comparable prior-year quarter.

  • Total revenues decreased by 3.3% to $71.483 million, primarily due to the impact of closed locations, partially offset by new locations and same-store sales growth.
  • Net income attributable to RCIHH common stockholders increased by 24.9% to $9.024 million.
  • Operating income increased by 5.6% to $13.906 million, with the consolidated operating margin improving to 19.5%.
  • Diluted earnings per share increased to $1.01 from $0.77 in the comparable prior-year quarter.

Headline financials

Total Revenue

$71.5M

Previous: $73.9M-3.3%
EPS (adj)

$0.80

Previous: $0.87-8.0%
Consolidated SSS Growth

2.3%

No prior period
Nightclubs SSS Growth

3.7%

No prior period
GAAP Operating Margin

19.5%

Previous: 17.8%+9.6%
Total OpEx % of Revenue

80.5%

Previous: 82.2%-2.1%
COGS % of Revenue

13.3%

Previous: 14.0%-5.0%
Salaries & Wages % of Revenue

28.8%

Previous: 28.9%-0.3%
Effective Tax Rate

16.9%

Previous: 19.9%-15.1%
Shares Outstanding

8.9M

No prior period
Capital Expenditures

-$5.75M

Previous: -$5.14M-12.1%
Net Income

$9.07M

Previous: $7.24M+25.1%
Operating Income

$13.9M

Previous: $13.2M+5.6%
Gross Profit

$37.9M

Previous: $42.2M-10.3%

Revenue & EPS history

RCI Hospitality · Revenue · Quarterly

$71.5M

Q1 2025-3.3%vs Q1 2024
Beat estimate in 10 of 14 quarters(71%)
ActualEstimate

Revenue by segment

RCI Hospitality · $76.8M total across 2 segments · Q3 2023

  • Nightclubs
    $62.4M+14.2%
  • Bombshells
    $14.4M-8.8%

Forward guidance

RCI Hospitality Holdings, Inc. expects to generate adequate cash flows from operations for the next 12 months and continues to pursue growth organically and through acquisitions, with a focus on diversifying operations.

Tailwinds

  • Expects to generate adequate cash flows from operations for the next 12 months.
  • Continues to grow organically and through careful entry into markets with high growth potential.
  • Growth strategy includes acquiring existing units and opening new units after market analysis.
  • Developing new club concepts consistent with management and marketing skills.
  • Diversifying operations with Bombshells units that do not require SOB licenses.

Headwinds

  • No assurance of obtaining additional financing on reasonable terms in the future.
  • Inability to obtain additional financing could have an adverse effect on growth strategy.
  • Payments for expected losses from self-insurance programs are expected to be volatile until a trust is fully established.
  • Uncertainties caused by near-term macro environment, including commodity and labor inflation, and contractual debt and lease obligations.
  • No unused credit facilities, so no guarantee that additional liquidity will be readily available or on favorable terms.

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 2025

Historical avgQ1 2025

+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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