NASDAQ$RICK

RCI Hospitality Holdings Inc · Q2 2024 earnings

Q2 2024 earnings · · Investor relations

Briefing

Reported second quarter fiscal year 2024 results.

RCI Hospitality Holdings reported revenue of $72.3 million, a slight increase from $71.5 million in the same quarter last year. GAAP EPS was $0.08, while non-GAAP EPS totaled $0.90. The Nightclubs segment saw revenue increase to $59.4 million, while the Bombshells segment experienced a decline to $12.8 million.

  • RCI generated $72.3 million in revenue in 2Q24 compared to $71.5 million last year.
  • GAAP EPS of $0.08 primarily reflected $8.0 million in non-cash impairment.
  • Non-GAAP EPS totaled $0.90, near the high end of expectations.
  • Nightclubs segment generated $59.4 million in revenue in 2Q24 compared to $57.0 million last year.

Headline financials

Total Revenue

$72.3M

Previous: $71.5M+1.1%
EPS

$0.08

Previous: $1.30-93.8%
Capital Expenditures

-$7.67M

Previous: -$20.9M+63.3%
Free Cash Flow

$774K

Previous: -$13.2M+105.9%
Net Income

$774K

Previous: $7.73M-90.0%
Operating Income

$4.66M

Previous: $13.4M-65.3%
Gross Profit

$62.4M

Previous: $62.4M-0.1%
Cash & Equivalents

$20M

Previous: $22.8M-12.3%
Total Assets

$610M

Previous: $621M-1.8%
Stock-Based Comp

$471K

Previous: $706K-33.3%

Revenue & EPS history

RCI Hospitality · Revenue · Quarterly

$72.3M

Q2 2024+1.1%vs Q2 2023
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

The company is committed to following its capital allocation strategy, focusing on the core nightclubs business, evaluating potential acquisitions, and buying back stock. Subsequent to the end of the quarter, the company increased its cash position by $20 million by closing on its planned bank loan.

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 Q2 2024

Historical avgQ2 2024

+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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