RCI Hospitality Q3 2023 Earnings Report

RCI Hospitality EPS Results

• Actual EPS: $0.96
• Consensus EPS: $1.28
• Beat/Miss: Missed by -$0.32
• One Year Ago EPS: N/A

RCI Hospitality Revenue Results

• Actual Revenue: $77.06 million
• Expected Revenue: $77.06 million
• Beat/Miss: Met Expectations
• YoY Revenue Growth: N/A

RCI Hospitality Announcement Details

• Quarter: Q3 2023
• Date: 8/9/2023
• Time: N/A

RCI Hospitality (NASDAQ:RICK) Holdings, Inc., through its subsidiaries, engages in the hospitality and related businesses in the United States. It operates in Nightclubs, Bombshells, and Media Group segments. The company's wholly-owned subsidiaries own and/or operates upscale adult nightclubs serving primarily businessmen and professionals under the Rick's Cabaret, Jaguars Club, Tootsie's Cabaret, XTC Cabaret, Club Onyx, Hoops Cabaret and Sports Bar, Scarlett's Cabaret, Temptations Adult Cabaret, Foxy's Cabaret, Vivid Cabaret, Downtown Cabaret, Cabaret East, The Seville, Silver City Cabaret, and Kappa Men's Club. Wholly-owned subsidiaries also operate restaurants and sports bars under the Bombshells Restaurant & Bar brand; and dance clubs under the Studio 80 brand. As of February 11, 2019, the company operated 46 units, including 39 nightclub units and 7 Bombshell units. In addition, it owns two national industry trade publications serving the adult nightclubs industry and the adult retail products industry; a national industry convention and tradeshow; and two national industry award shows, as well as approximately a dozen industry and social media Websites. The company founded in 1983 as Rick's Cabaret International, Inc., changed its name to RCI Hospitality Holdings, Inc. in August 2014, and is based in Houston, Texas.