RCI Hospitality Holdings, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended March 31, 2024
May 09, 2024 at 04:06 pm EDT
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RCI Hospitality Holdings, Inc. reported earnings results for the second quarter and six months ended March 31, 2024. For the second quarter, the company reported revenue was USD 72.28 million compared to USD 71.52 million a year ago. Net income was USD 0.774 million compared to USD 7.73 million a year ago. Basic earnings per share from continuing operations was USD 0.08 compared to USD 0.83 a year ago. Diluted earnings per share from continuing operations was USD 0.08 compared to USD 0.83 a year ago.
For the six months, revenue was USD 146.19 million compared to USD 141.49 million a year ago. Net income was USD 8 million compared to USD 17.97 million a year ago. Basic earnings per share from continuing operations was USD 0.85 compared to USD 1.94 a year ago. Diluted earnings per share from continuing operations was USD 0.85 compared to USD 1.94 a year ago.
RCI Hospitality Holdings, Inc. is a holding company, which operates through its subsidiaries. The Company is engaged in various activities in the hospitality and related businesses. The Companyâs all services and management operations are conducted by its subsidiaries, including RCI Management Services, Inc. It operates a total of 70 establishments, which offers live adult entertainment, including two that are under renovation/remodeling, and/or restaurant and bar operations, including one food hall. It also operates a business communications company serving the multi-billion-dollar adult nightclubs industry. The Company has three segments: Nightclubs, Bombshells and Other. Its Nightclubs portfolio includes a variety of brands and formats that target different customer demographics. Its nightclubs are located around the country in New York City, Chicago, Dallas-Fort Worth and others. Bombshells Restaurant & Bar is a military-themed casual dining chain with a focus on sports and fun.
RCI HOSPITALITY HOLDINGS, INC. 
