RCI Hospitality Clocks 23.7% Club & Restaurant Sales Growth In Q3

Loading...
Loading...
  • RCI Hospitality Holdings Inc RICK reported third-quarter FY22 Nightclubs and Bombshells restaurants sales of $70.1 million (+23.7% Y/Y).
  • Sales do not include non-core operations and are preliminary and subject to final closing.
  • RCI also announced it bought back 168,069 shares in Q3 totaling $9.2 million.
  • Club acquisitions contributed sales of $11.8 million in Q3.
  • Clubs in key markets benefited from customer traffic related to major sporting events and NFT conferences.
  • The company ended the quarter with $37.5 million in cash and equivalents.
  • "We're pleased revenues hit the higher end of our target annual run rate of $260-$280 million," said CEO Eric Langan.
  • Price Action: RICK shares are trading higher by 3.30% at $53.17 on the last check Tuesday.
Market News and Data brought to you by Benzinga APIs
Date
ticker
name
Actual EPS
EPS Surprise
Actual Rev
Rev Surprise
Posted In: EarningsNewsGuidanceSmall CapGeneralBriefs
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...