RCI Reports 2Q23 Results: Total Revenues $71.5M, GAAP EPS $0.83, Non-GAAP EPS $1.30

About this update from Rci Hospitality Holdings, Inc.

[{"type":"text","content":"Twitter Spaces Conference Call at 4:30 PM ET Today; Meet Management at 7 PM ET Tonight\nHOUSTON, May 10, 2023 /PRNewswire/ -- RCI Hospitality Holdings, Inc. (Nasdaq: RICK) today reported results and filed its Form 10-Q for the fiscal 2023 second quarter ended March 31, 2023.\n\n \n \n \n \n \n \n\n \nSummary Financials\n2Q23\nChange YoY\n6M23\nChange YoY\nTotal Revenues\n$71.5M\n12.3 %\n$141.5M\n12.7 %\nEPS\n$0.83\n-27.8 %\n$1.94\n-14.9 %\nNon-GAAP EPS*\n$1.30\n9.2 %\n$2.50\n9.2 %\nNet Cash from Operating Activities\n$16.8M\n44.8 %\n$31.7M\n13.7 %\nFree Cash Flow*\n$14.8M\n33.3 %\n$27.8M\n5.5 %\nNet Income Attributable to RCIHH Common Shareholders\n$7.7M\n-29.4 %\n$18.0M\n-16.5 %\nAdjusted EBITDA*\n$21.7M\n8.8 %\n$42.1M\n11.2 %\nWeighted Average Basic & Diluted Shares Outstanding\n9.3M\n-2.4 %\n9.2M\n-2.1 %\n* See \"Non-GAAP Financial Measures\" below.\nEric Langan, President and CEO of RCI Hospitality Holdings, Inc., said: \"We moved ahead on a number of fronts during the second quarter. Revenues grew to $71.5 million, an increase of 12.3% year over year, reflecting both same-store sales and acquisitions. Free cash flow grew 33.3% to $14.8 million or 20.6% of revenues, and adjusted EBITDA rose 8.8% to $21.7 million or 30.3% of revenues.\"\n\"We completed our 5-club, Baby Dolls-Chicas Locas acquisition and look forward to optimizing their contribution. On a sequential quarter basis, our Bombshells turnaround program has started to produce results. We also advanced many of our projects involving club acquisition and development, Rick's Cabaret Steakhouse & Casino in Colorado, and new Bombshells. As always, thanks to our loyal and dedicated teams for all their hard work and effort.\"\nConference Call at 4:30 PM ET Today\nParticipants need to use Twitter Spaces on their mobile phones to ask questions during the Q&A\nTwitter Spaces\nTelephone\nWebcast, Slides & Replay\nhttps://twitter.com/i/spaces/1kvJpmEEwjgxEHosted by: @RicksCEO, @BradleyChhay, and @itsmarkmoranToll Free 877-545-0523International: 973-528-0016Passcode: 368166https://www.webcaster4.com/Webcast/Page/2209/48295Meet Management at 7:00 PM ET Tonight\nInvestors are invited to Meet Management at one of RCI's top revenue generating clubsRick's Cabaret New York, 50 W 33rd St, New York, NY 10001RSVP your contact information to [email protected] by 5:00 PM ET today2Q2...

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