RCI Hospitality Holdings, Inc. (RICK) Q3 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good afternoon, greetings, and welcome to RCI Hospitality Holdings' third quarter conference call. My name is Bradley Che. You can find the company's presentation on RCI's website. Go to investor relations section. All the links are at the top of the page. Please turn to slide two of our presentation. RCI is making this call exclusively on xSpaces. To ask a question, join the space with a mobile device. To listen only, you can join space on a personal computer. At this time, all participants are on a limo. A Q&A will follow shortly after. This conference is also being recorded. Please turn to page three. I want to remind everybody of our safe harbor statement. You may hear or see forward-looking statements that involve risk and uncertainties. Actual results may differ materially from those currently anticipated. We disclaim any obligation to update information disclosed in this call as a result of developments that occur afterwards. Please turn to page four. I also direct you to the explanation of RIC's on-gap financial measures. Please turn to slide five. Our speakers today are Travis Reese, interim president and CEO, and Albert Molina, interim CFO. And I'm pleased to introduce Travis. Okay, thank you, Travis. Turning to slide seven, I'll start with our view of our consolidated results. All comparisons are year-over-year for the quarter, unless otherwise noted. Total revenues were $73.9 million compared to $71.1 million, a 4% increase. Impairments and other charges, NEP, were insignificant compared to $2.3 million. Net income attributable to RCIHA shareholders was $6.4 million compared to $4.1 million, a 57% increase. Gap ETS was an 80% increase, and non-gap was $0.90 per share, a 17% increase. Net cash provided by operating activities and free cash flow were $2.5 m...