Business
RCI Reports 4Q22 Results: Total Revenues $71.4M, GAAP EPS $1.15, Non-GAAP EPS $1.45
Twitter Spaces Conference Call at 4:30 PM ET Today; Meet Management at 7 PM ET Tonight HOUSTON, Dec. 14, 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, Dec. 14, 2022 /PRNewswire/ -- RCI Hospitality Holdings, Inc. (Nasdaq: RICK) today reported results and filed its Form 10-K for the fiscal 2022 fourth quarter and year ended September 30, 2022.\n\n \n \n \n \n \n \n\n \nSummary Financials\n4Q22\nChange YoY\nFY22\nChange YoY\nTotal Revenues\n$71.4M\n29.9 %\n$267.6M\n37.1 %\nEPS\n$1.15\n342.3 %\n$4.91\n45.7 %\nNon-GAAP EPS*\n$1.45\n-8.2 %\n$5.38\n31.9 %\nNet Cash from Operating Activities\n$17.8M\n81.7 %\n$64.5M\n53.6 %\nFree Cash Flow*\n$14.5M\n71.6 %\n$58.9M\n63.3 %\nNet Income Attributable to RCIHH Common Stockholders\n$10.6M\n361.4 %\n$46.0M\n51.8 %\nAdjusted EBITDA*\n$24.2\n37.8 %\n$86.7M\n44.0 %\nBasic & Diluted Shares\n9.3M\n2.8 %\n9.4M\n4.2 %\n* See \"Non-GAAP Financial Measures\" below.\nStatus FY23 Share Buybacks\nRepurchased Shares\nCash Used for Repurchase\nAverage Price Per Share\n1Q23 to Date as of 12/9/22**\n1,500\n$97,530\n$65.02\n** Remaining stock purchase authorization of $18.8 million.\nEric Langan, President and CEO of RCI Hospitality Holdings, Inc., said: \"We had a great FY22 and look forward to a strong FY23. Our nightclub business should see the full year benefit of the 15 acquisitions and two reopenings in FY22; the addition of the FY23 acquisition of Heartbreakers and the pending acquisition of the Baby Dolls and Chicas Locas chains; and other possible acquisitions under consideration. We'll also be developing our exciting new Rick's Cabaret Steakhouse & Casino in Central City, CO. The focus of our Bombshells business will be creating a strong lineup of new company-owned and franchised units in Texas, Alabama, and Colorado that should start opening in FY24. 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\n• https://twitter.com/i/spaces/1PlJQpoNQVaGE\n• Hosted by: @RicksCEO, @ZeroTangoTango, @BradleyChhay, and @itsmarkmoran\n• Toll Free 888-506-0062\n• International: 973-528-0011\n• Passcode: 847129\n• https://www.webcaster4.com/Webcast/Page/2209/47126\nMeet Management at 7:00 PM ET Tonight\nInvestors are invited to Meet Management at one...