RCI Reports 1Q25 Results, Hosts X Spaces Call at 4:30 PM ET Today

About this update from Rci Hospitality Holdings, Inc.

[{"type":"text","content":" HOUSTON--(BUSINESS WIRE)--\nRCI Hospitality Holdings, Inc. (Nasdaq: RICK) today reported results for the fiscal 2025 first quarter ended December 31, 2024. The Company also filed its Form 10-Q today.\n\n\n\n\nSummary Financials (in millions, except EPS)\n\n\n\n\n\n\n1Q25\n\n\n\n\n\n\n1Q24\n\n\n\n\n\n\n\n\nTotal revenues\n\n\n\n\n\n\n$71.5\n\n\n\n\n\n\n$73.9\n\n\n\n\n\n\n\n\nEPS\n\n\n\n\n\n\n$1.01\n\n\n\n\n\n\n$0.77\n\n\n\n\n\n\n\n\nNon-GAAP EPS1\n\n\n\n\n\n\n$0.80\n\n\n\n\n\n\n$0.87\n\n\n\n\n\n\n\n\nOther gains, net\n\n\n\n\n\n\n$(2.2)\n\n\n\n\n\n\n$0.0\n\n\n\n\n\n\n\n\nNet cash provided by operating activities\n\n\n\n\n\n\n$13.3\n\n\n\n\n\n\n$13.6\n\n\n\n\n\n\n\n\nFree cash flow1\n\n\n\n\n\n\n$12.1\n\n\n\n\n\n\n$12.7\n\n\n\n\n\n\n\n\nNet income attributable to RCIHH common stockholders\n\n\n\n\n\n\n$9.0\n\n\n\n\n\n\n$7.2\n\n\n\n\n\n\n\n\nAdjusted EBITDA1\n\n\n\n\n\n\n$15.7\n\n\n\n\n\n\n$17.5\n\n\n\n\n\n\n\n\nWeighted average shares used in computing EPS – basic and diluted\n\n\n\n\n\n\n8.92\n\n\n\n\n\n\n9.37\n\n\n\n\n\n\n\n\n1 See “Non-GAAP Financial Measures” below.\n\n\n\n\n\n\n\n\n\n1Q25 Summary (Comparisons are to the year-ago period unless indicated otherwise)\n\n\nEric Langan, President and CEO, said: \"Nightclubs total and same-store sales increased, while GAAP and non-GAAP segment operating profit were approximately level with last year, despite the absence of a club due to fire in July. Bombshells total sales declined as expected with the sale/closure of underperforming locations, but GAAP and non-GAAP segment operating profit and margin improved. Consolidated net cash provided by operating activities and free cash flow nearly matched year-ago levels, and we continued to make progress with our Back to Basics 5-Year Capital Allocation Plan.\"\n\n\nBack to Basics 5-Year Capital Allocation Plan (FY25-29)\n\n\n\n1Q25: Sale/closure of four underperforming Bombshells segment locations, for a total of five since September 2024.\n\n\n\n1Q25: Repurchased 66,000 common shares for $3.2 million ($48.76 average per share), with 8,889,000 shares outstanding at December 31, 2024.\n\n\n\n2Q25: Acquired Flight Club, the premier gentlemen's club in the Detroit market ($8.0 million for the club and $3.0 million for the real estate). The location is expected to generate an estimated $2.0 million in annualized EBITDA.\n\n\n\n2Q25: Opened ...

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