What is the revenue and EPS growth rate for RCI Hospitality year over year?

What were the key takeaways from RCI Hospitality's earnings call?

What is the market's earnings forecast for RCI Hospitality next quarter?

What factors drove the changes in RCI Hospitality's revenue and profit?

What guidance did RCI Hospitality's management provide for the next earnings period?

What is RCI Hospitality's latest dividend and current dividend yield?

What is RCI Hospitality's gross profit margin?

What were the key takeaways from RCI Hospitality’s earnings call?

- **Stable Nightclub Performance**: Despite economic headwinds, Nightclub revenue held steady, with Bombshells margin improving to 1%. 
- **Strategic Acquisitions**: $6 million+ in free cash flow from 2 new nightclubs and steakhouse; $3 million share buyback. 
- **Financial Recovery**: Net income turned positive ($4.1M vs. -$5.2M YoY), free cash flow stable at $13.3M. 
- **Key Risks**: Liquor sales down 3.9%, self-insurance reserves $9.4M YTD, and delayed captive insurance setup. 
- **Long-Term Growth**: Targeting $400M revenue by 2029, doubling free cash flow per share to $10.

**【CEO Summary Section】**
- Nightclub revenues remained stable despite economic challenges, with Bombshells revenue increasing sequentially due to new locations and improved margins. 
- Acquired 2 upscale nightclubs (Platinum West and Platinum Plus) and opened Rick's Cabaret Steakhouse in Colorado. 
- Purchased 75,000 shares for $3 million, reducing shares outstanding to 8.76 million. 
- Post-quarter, opened a successful Bombshells in Lubbock, Texas. 
- Long-term goals include $400 million revenue, $75 million free cash flow, and doubling free cash flow per share by 2029. 

**【CFO Financial Commentary】**
- Q3 2025 total revenue $71.1 million (-6.5% YoY) due to Bombshells divestitures. 
- Net income $4.1 million ($0.46 EPS) vs. loss of $5.2 million (-$0.56 EPS) YoY. 
- Free cash flow $13.3 million (flat YoY), adjusted EBITDA $15.3 million (-24% YoY). 
- Nightclub segment: Revenue $62.3 million (-1% YoY), GAAP margin 28.5% (vs. 21.7% YoY). 
- Bombshells: Revenue $8.6 million (-33% YoY), margin 1% (vs. -68% YoY). 
- Corporate expenses $8.7 million (+18% YoY) due to self-insurance reserves. 

**【Q&A Highlights】**
- **Real Estate Sales**: $28 million in nonperforming real estate; potential $85 million offer to sell Bombshells segment. 
- **Insurance Reserves**: Year-to-date $9.4 million in self-insurance charges; captive insurance expected by Q4 2025 to reduce noncash expenses. 
- **Acquisition Strategy**: Targeting $6 million EBITDA annually, 3-5x multiples, 100% cash-on-cash returns. 
- **Liquor Sales Decline**: 3.9% YoY, offset by slight service revenue growth. 
- **Share Buybacks**: 15.5% reduction in shares outstanding since 2015; flexible buyback strategy based on valuation.

RCI Hospitality Holdings, Inc. (RICK) Q3 2025 Earnings Call Transcript

- **Revenue decline offset by acquisitions**: Nightclub EBITDA margin up to 25.4% vs 18.6% YoY, despite 3.1% revenue drop.
- **Active M&A pipeline**: Two clubs acquired Q2, with 4-5 deals in pipeline targeting $6M+ EBITDA at 3-5x multiple.
- **Bombshells turnaround underway**: New leadership, cost cuts, and 2 new locations opening this quarter.
- **Share buyback momentum**: 15% reduction in shares outstanding since 2015; targeting $10 free cash flow per share by 2029.
- **Weather recovery in Q2**: March sales up 15% YoY after Jan-Feb freeze-related $5.6M sales loss.

**【CEO Summary Section】**
- Q2 revenue decreased 3.1% YoY to $57.5 million due to 3.5% same-store sales decline and Bombshells closures, offset by $1 million from Flight Club acquisition and rebranded clubs.
- Acquired two upscale nightclubs (Flight Club in Detroit, Platinum West in SC) at price multiples aligned with 100% cash-on-cash returns in 3-5 years. Opened Bombshells Denver and rebranded Chicas Locas in El Paso.
- Repurchased 56,875 shares ($2.9M) to reduce shares outstanding to 8.8M, aligning with 10%+ annual free cash flow per share growth target.
- Nightclub EBITDA margin improved to 25.4% vs 18.6% YoY, driven by lower impairments and cost control.

**【CFO Financial Commentary】**
- Total revenue $65.9M (-9% YoY), net income $3.2M ($0.36 EPS) vs $0.8M ($0.08 EPS). Adjusted EBITDA $14.2M (-18% YoY) due to Bombshells same-store sales decline and Denver preopening costs.
- Free cash flow $6.9M (-23% YoY) from reduced operating margins. Debt increased $5.9M to $59.9M, with 3.56x debt/EBITDA ratio.
- Nightclub segment operating income $14.6M (+64% YoY), margin 25.4% vs 18.6%. Bombshells loss $227K vs $699K YoY, breakeven on non-GAAP basis.

**【Q&A Highlights】**
- **Weather Impact**: Jan-Feb sales decline $5.6M (~$3M EBITDA impact) due to 18 club closures and slow business in freezing weather. March sales rebounded 15% YoY.
- **Acquisition Strategy**: Seeking $6M+ EBITDA clubs at 3-5x multiple, using cash, bank financing, or seller notes. 4-5 deals in pipeline with 6-7% interest rates.
- **Bombshells Turnaround**: Fired underperforming ops leader, reduced costs, and opening Lubbock (May 29) and Roulette (summer). Aims for 15%+ operating margins.
- **Policy Risks**: <0.1% of human trafficking linked to adult clubs. COAST program and congressional training highlight industry's anti-trafficking efforts.
- **Share Buybacks**: 15% reduction in shares outstanding (10.3M → 8.8M) since 2015. Will accelerate buys if undervalued.


RCI Hospitality (RICK)-12 May 25-2025 Q2 Earnings call transcript

- **Revenue Growth**: Nightclubs up 1.1%, Bombshells down 24.7% (closures). Free cash flow $12.1M, EBITDA $15.7M.
- **Strategic Acquisitions**: $11M Detroit club, 23-28M non-income assets to monetize. 10-15% free cash flow growth target.
- **Bombshells Turnaround**: 6.7% margin (up 5.5pp), Denver location on track for $2M EBITDA.
- **Capital Efficiency**: $3.2M buybacks, debt reduced $2.7M. 3.32x EBITDA ratio improving.
- **Risk Mitigation**: Self-insurance reserve $1.7M, captive insurance to lower costs.


**【CEO Summary Section】**
- **Nightclub Segment Performance**: Total sales and same-store sales increased, with operating income of $20.9 million and a margin of 33.8% of revenues. New clubs and reformatting contributed to a 1.1% revenue growth.
- **Bombshells Segment**: Total sales declined 24.7% due to 5 closures, but operating profit improved by $1.9 million (20.6% margin). Denver location opened in January, generating $2 million annual EBITDA.
- **Capital Allocation Strategy**: 40% for acquisitions ($6M+ EBITDA targets), 60% for buybacks/debt repayment. Aiming for 10-15% annual free cash flow growth. $3.2M spent on 66,000 shares repurchased.
- **New Acquisitions & Developments**: Flight Club (Detroit) for $11M, Lubbock and Rowlett projects underway. 23-28M in non-income assets to be monetized.

**【CFO Financial Commentary】**
- **Q1 2025 Financials**: GAAP net income $9.0 million (EPS $1.01), Non-GAAP EPS $0.80. Free cash flow $12.1 million, adjusted EBITDA $15.7 million.
- **Nightclub Segment**: Revenues up 1.1% ($71.5M total), operating income $20.9M (33.8% margin). Food, merchandise up 8.6%, offsetting 3.7% service decline.
- **Bombshells Segment**: Revenues down 24.7% ($29.1M), operating income $5.3M (6.7% margin). Stafford, TX contributed $0.8M gains.
- **Corporate Expenses**: Increased $1.7M due to self-insurance reserve. Debt reduced $2.7M, 3.32x EBITDA ratio.

**【Q&A Highlights】**
- **Insurance Reserve**: One-time $1.7M non-cash charge for self-insurance. Captive insurance to reduce future costs.
- **Detroit Club Potential**: EBITDA $2M+ annual, weather-impacted Q1 performance. Long-term margin expansion possible.
- **Non-Performing Assets**: 23-28M in non-income assets to be sold/leased, freeing cash for growth.
- **Bombshells Recovery**: 15% margin target, 7.5% same-store sales decline offset by margin improvement.
- **XTC Cabaret Impact**: $1.5M EBITDA loss, 40% recaptured at adjacent club. Dallas ordinance reduced EBITDA by $2.5M.
- **Share Buybacks**: $3.2M spent Q1, ongoing program to reduce 7.5M shares by 2029.


RCI Hospitality (RICK)-10 Feb 25-2025 Q1 Earnings call transcript

RCI Hospitality (RICK)-16 Dec 24-2024 Q4 Earnings call transcript

RCI Hospitality (RICK)-9 May 24-2024 Q2 Earnings call transcript

RCI Hospitality Holdings, Inc. (RICK) Q1 2024 Earnings Call Transcript

RCI Hospitality (RICK)-14 Dec 23-2023 Q4 Earnings call transcript

RCI Hospitality (RICK)-10 May 23-2023 Q2 Earnings call transcript

RCI Hospitality (RICK)-9 Feb 23-2023 Q1 Earnings call transcript

RCI Hospitality (RICK)-15 Dec 22-2022 Q4 Earnings call transcript

RCI Hospitality (RICK)-10 Aug 22-2022 Q3 Earnings call transcript

RCI Hospitality (RICK)-10 May 22-2022 Q2 Earnings call transcript

RCI Hospitality (RICK)-10 Feb 22-2022 Q1 Earnings call transcript

RCI Hospitality (RICK)-17 Dec 21-2021 Q4 Earnings call transcript

RCI Hospitality (RICK)-6 Aug 21-2021 Q3 Earnings call transcript

RCI Hospitality (RICK)-11 May 21-2021 Q2 Earnings call transcript

RCI Hospitality (RICK)-10 Feb 21-2021 Q1 Earnings call transcript

RCI Hospitality (RICK)-10 Aug 20-2020 Q3 Earnings call transcript

RCI Hospitality (RICK)-2 Mar 20-2020 Q1 Earnings call transcript

RCI Hospitality (RICK)-14 Feb 20-2019 Q4 Earnings call transcript

RCI Hospitality (RICK)-11 Feb 19-2019 Q1 Earnings call transcript

RCI Hospitality (RICK)-2 Jan 19-2018 Q4 Earnings call transcript

RCI Hospitality (RICK)-10 Aug 18-2018 Q3 Earnings call transcript

RCI Hospitality (RICK)-10 May 18-2018 Q2 Earnings call transcript

RCI Hospitality (RICK)-7 Mar 18-2018 Q1 Earnings call transcript

Actual										0.47	-0.74	0.15	0.39	0.75	1.36	1.58	1.1	1.19	1.6	1.45	1.19	1.3	1.3	1.11	0.87	0.9	1.35	0.03	1.01	0.36	0.46
Forecast										-0.06	-0.69	0.02	0.32	0.42	0.99	0.67	1.06	1.22	1.3333	1.3633	1.1933	1.1767	1.2633	1.0233	0.98	0.885	0.81	0.7	0.52	0.31	1.24
Surprise	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	+883.33%	-7.25%	+650.00%	+21.88%	+78.57%	+37.37%	+135.82%	+3.77%	-2.46%	+20.00%	+6.36%	-0.28%	+10.48%	+2.91%	+8.47%	-11.22%	+1.69%	+66.67%	-95.71%	+94.23%	+16.13%	-62.90%

RICK

RICK fundamentals

RICK Q3 2025 Earnings

Earnings Call

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RICK

RICK fundamentals

RICK Q3 2025 Earnings

Earnings Call

RICK Earnings Call Summary for Q3/20254:30 PM on Aug 11, 2025

RICK Earnings Call Summary for Q2/20254:30 PM on May 12, 2025

RICK Earnings Call Summary for Q1/20254:30 PM on Feb 10, 2025

RICK Earnings Call Summary for Q4/20244:30 PM on Dec 16, 2024

RICK Earnings Call Summary for Q3/2024 Apr 3, 2026

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