NASDAQ$RICK

RCI Hospitality Holdings Inc · Q4 2019 earnings

Q4 2019 earnings · · Investor relations

Briefing

RCI Hospitality reported solid performance in Q4 2019, with total revenues for the year increasing and free cash flow also increasing.

RCI Hospitality Holdings reported a solid fourth quarter and fiscal year 2019, with total revenues for the year increasing by 9.2% to a record $181.1 million and free cash flow increasing by 43.3% to a record $33.3 million. The company also reduced shares outstanding by 1% in FY19.

  • Total revenues for the year increased 9.2% to a record $181.1 million.
  • Free cash flow increased 43.3% to a record $33.3 million.
  • Shares outstanding reduced by 1% in FY19.
  • Total club and restaurant sales were up 10% in 1Q20.

Headline financials

Total Revenue

$45.2M

Previous: $40.7M+11.1%
EPS (adj)

$0.48

Previous: $0.41+17.1%
Capital Expenditures

$3.81M

Previous: $6.44M-40.8%
Free Cash Flow

$4.95M

Previous: -$3.08M+260.9%
Net Income

$458K

Previous: -$2.67M+117.1%
Operating Income

$2.43M

Previous: $1.53M+58.4%
Gross Profit

$26.3M

Previous: $23.7M+11.1%
Cash & Equivalents

$14.1M

Previous: $17.7M-20.5%
Total Assets

$355M

Previous: $330M+7.6%

Revenue & EPS history

RCI Hospitality · Revenue · Quarterly

$45.2M

Q4 2019+11.1%vs Q4 2018
Beat estimate in 9 of 14 quarters(64%)
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 is looking forward to a strong FY20, with total club and restaurant sales up 10% in 1Q20. The company expects the rebound in Bombshells same-store sales and margins to continue and new locations are doing well.

Tailwinds

  • Total club and restaurant sales were up 10% in 1Q20.
  • Nightclubs experienced added business from the big mixed-martial arts fight in January and the pro football championship in February.
  • Expect the rebound in Bombshells same-store sales and margins to continue.
  • New locations are doing well.
  • Approximately $6.7 million in excess property sales under contract.

Headwinds

  • Risks associated with operating and managing an adult business.
  • The business climates in cities where it operates.
  • The success or lack thereof in launching and building the company’s businesses.
  • Cyber security risks.
  • Conditions relevant to real estate transactions.

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 Q4 2019

Historical avgQ4 2019

+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%

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro