Business
RCI Reports 3Q22 Results: Total Revenues $70.7M, GAAP EPS $1.48, Non-GAAP EPS $1.60
Twitter Spaces Conference Call at 4:30 PM ET Today; Meet Management at 7 PM ET Tonight HOUSTON, Aug. 9, 2022 /PRNewswire/ -- RCI Hospitality Holdings, Inc.
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, Aug. 9, 2022 /PRNewswire/ -- RCI Hospitality Holdings, Inc. (Nasdaq: RICK) today reported results and filed its Form 10-Q for the fiscal 2022 third quarter and nine months ended June 30, 2022. \n\n \n \n \n \n \n \n\n \nSummary Financials\n3Q22\nChange YoY\n9M22\nChange YoY\nTotal Revenues\n$70.7M\n22.2 %\n$196.2M\n39.9 %\nEPS\n$1.48\n8.0 %\n$3.76\n20.9 %\nNon-GAAP EPS*\n$1.60\n18.0 %\n$3.89\n55.5 %\nNet Cash from Operating Activities\n$18.9M\n26.2 %\n$46.8M\n45.1 %\nFree Cash Flow*\n$18.0M\n39.1 %\n$44.4M\n60.7 %\nNet Income Attributable to RCIHH Common Stockholders\n$13.9M\n13.0 %\n$35.4M\n26.4 %\nAdjusted EBITDA*\n$24.6M\n20.6 %\n$62.5M\n46.5 %\nBasic & Diluted Shares\n9.390M\n4.3 %\n9.428M\n4.7 %\n \n* See \"Non-GAAP Financial Measures\" below.\n \nStatus FY22 Share Buybacks**\nRepurchased Shares\nCash Used for Repurchase\nAverage Price Per Share\n2Q22\n45,643\n$2.85M\n$62.33\n3Q22\n168,069\n$9.21M\n$54.81\nCurrent Quarter to Date as of 8/5/22\n42,250\n$2.25M\n$53.35\nTotal\n255,962\n$14.31M\n$55.91\n \n** No shares repurchased in 1Q22.\nEric Langan, President and CEO of RCI Hospitality Holdings, Inc., said: \"RCI's third quarter benefited from higher sales, a continued rebound in Nightclubs service revenues, and a sequential improvement in Bombshells. This resulted in particularly strong free cash flow and adjusted EBITDA. Net cash from operating activities and FCF were further enhanced by receipt of a $2.2 million previously discussed tax refund. We ended 3Q22 with $37.5 million in cash after utilizing more than $12 million for share buybacks for the nine months, the cash portion of the Playmates Club acquisition, and the down payment for the 13th company-owned Bombshells location. To date in 4Q22, we've continued our expansion by acquiring clubs in Odessa, TX and South Florida, and buying back more shares.\"\nConference Call at 4:30 PM ET TodayParticipants need to use Twitter Spaces on their mobile phones to ask questions during the Q&A\nTwitter Spaces\nTelephone\nWebcast, Slides & Replay\nFollow @RicksCEO, @ZeroTangoTango, @BradleyChhay, or @itsmarkmoran, and go to: https://twitter.com/i/spaces/1PlJQabdPNqJEToll Free 888-506-0062International: 973-528-0011Passcode: 353724https://www.webcaster4.com/Webcast/Page/2209/46217Meet ...