RCI Hospitality Holdings Inc (RICK) Q4 2024 Earnings Call Highlights: Strategic Growth Amidst ...

GuruFocus.com12-17

Revenue: $296 million for fiscal year 2024, up from $135 million in 2015. Free Cash Flow: Increased to $48 million, up from $15 million in 2015. Shares Outstanding: 8.955 million, a reduction of 4.7% ...

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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nRCI Hospitality Holdings Inc (RICK) Q4 2024 Earnings Call Highlights: Strategic Growth Amidst ...\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-12-17 15:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/rci-hospitality-holdings-inc-rick-070023579.html><strong>GuruFocus.com</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Revenue: $296 million for fiscal year 2024, up from $135 million in 2015.\nFree Cash Flow: Increased to $48 million, up from $15 million in 2015.\nShares Outstanding: 8.955 million, a reduction of 4.7% ...</p>\n\n<a href=\"https://finance.yahoo.com/news/rci-hospitality-holdings-inc-rick-070023579.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"RICK","symbol_name":"RCI酒店控股","start_time":0,"source_url":"https://finance.yahoo.com/news/rci-hospitality-holdings-inc-rick-070023579.html","article_id":"2492984004","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/YAwSwWnJ8oj.SyAKcmTeCQ--~B/aD03Mjt3PTIyMDthcHBpZD15dGFjaHlvbg--/https://media.zenfs.com/en/us.finance.gurufocus/40152f085e33b56a83ece74e5ac8f014"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2492984004","pubTimestamp":1734418823,"columns":[],"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Revenue: $296 million for fiscal year 2024, up from $135 million in 2015.Free Cash Flow: Increased to $48 million, up from $15 million in 2015.Shares Outstanding: 8.955 million, a reduction of 4.7% year-over-year.Net Cash Provided by Operating Activities: Increased by $3.5 million.Cash and Cash Equivalents: $32.4 million at the end of the fourth quarter.Debt Reduction: $7.2 million decline from June 30.Total Occupancy Cost: 8%, down from 8.1% year-over-year.GuruFocus has detected 8 Warning Signs with MAMA.RCI Hospitality Holdings Inc  reported an increase in nightclub sales for the second consecutive quarter, marking a positive trend in their core business.RCI Hospitality Holdings Inc  launched a 'back to the basics' five-year plan, focusing on core nightclub businesses and acquisitions, aiming for $400 million in revenue and $75 million in free cash flow by fiscal 2029.RCI Hospitality Holdings Inc  has shown significant growth since 2015, with revenue more than doubling and free cash ","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"RICK":"RCI酒店控股","RCI":"罗杰斯通信"},"translate_title":"RCI Hospitality Holdings Inc(RICK)2024年第四季度收益看涨期权亮点：战略增长...","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"RCI":1,"RICK":1},"content_text":"Revenue: $296 million for fiscal year 2024, up from $135 million in 2015.\nFree Cash Flow: Increased to $48 million, up from $15 million in 2015.\nShares Outstanding: 8.955 million, a reduction of 4.7% year-over-year.\nNon-GAAP EPS: Increased by $1.63.\nNet Cash Provided by Operating Activities: Increased by $3.5 million.\nAdjusted EBITDA: Declined by $2.3 million.\nNightclub Same-Store Sales Growth: 2.2% increase.\nBombshells Same-Store Sales Decline: 16.2% decrease.\nCash and Cash Equivalents: $32.4 million at the end of the fourth quarter.\nDebt Reduction: $7.2 million decline from June 30.\nAverage Interest Rate: 6.67%.\nTotal Occupancy Cost: 8%, down from 8.1% year-over-year.\n\n\nWarning! GuruFocus has detected 8 Warning Signs with MAMA.\n\nRelease Date: December 16, 2024\nFor the complete transcript of the earnings call, please refer to the full earnings call transcript.\n Positive Points \n\nRCI Hospitality Holdings Inc (NASDAQ:RICK) reported an increase in nightclub sales for the second consecutive quarter, marking a positive trend in their core business.\nThe company successfully reduced its share count by 4.7% year-over-year, enhancing shareholder value.\nRCI Hospitality Holdings Inc (NASDAQ:RICK) launched a 'back to the basics' five-year plan, focusing on core nightclub businesses and acquisitions, aiming for $400 million in revenue and $75 million in free cash flow by fiscal 2029.\nThe company plans to allocate 50% of its projected $250 million free cash flow over the next five years to club acquisitions and debt repayment, and the other 50% to share buybacks and dividends.\nRCI Hospitality Holdings Inc (NASDAQ:RICK) has shown significant growth since 2015, with revenue more than doubling and free cash flow more than tripling, demonstrating effective capital allocation and operational strategies.\n\n Negative Points \n\nTotal company sales declined due to a hurricane and a fire, impacting earnings per share negatively.\nBombshells segment experienced a 16.2% decline in same-store sales, affected by multiple closure days due to a hurricane.\nThe company faced impairments and other charges totaling $12.5 million in the current quarter, impacting financial results.\nRCI Hospitality Holdings Inc (NASDAQ:RICK) divested underperforming Bombshells locations and closed the Denver Food Hall, indicating challenges in these segments.\nCorporate expenses increased modestly, adding pressure to the company's overall cost structure.\n\n Q & A Highlights \nQ: After completing the current pipeline of properties under construction, how does RCI Hospitality plan to approach development versus acquisitions? A: Eric Langan, CEO, stated that after completing the current projects, the company plans to focus strictly on growth through acquisitions rather than building new properties. They do not anticipate starting new builds in 2025 or 2026.\nQ: What excites you about the future of RCI Hospitality's business model with the new five-year plan? A: Eric Langan, CEO, expressed enthusiasm about refocusing on the core nightclub business, evaluating current operations for potential rebranding or divestment, and leveraging real estate value increases. The plan involves a disciplined capital allocation strategy to enhance shareholder value.\nQ: Can you provide more details on the M&A environment and any potential deals? A: Eric Langan, CEO, mentioned that RCI is actively working on three potential acquisitions, pending licensing approvals. The focus is on acquisitions for growth, with a target of adding $6 million in EBITDA annually through smaller deals ranging from $5 million to $15 million.\nQ: How does RCI handle insurance for locations affected by hurricanes or fires? A: Eric Langan, CEO, explained that while they have insurance, claims depend on the extent of damage and duration of closures. They have filed claims for recent hurricane impacts, but payouts depend on reaching deductibles and ongoing assessments.\nQ: Under the back-to-basics plan, will RCI consider increasing dividends? A: Eric Langan, CEO, noted that while dividends are not the most tax-efficient use of capital, they plan to continue gradual annual increases to maintain a record of dividend growth, alongside a focus on share buybacks.\nFor the complete transcript of the earnings call, please refer to the full earnings call transcript.This article first appeared on \nGuruFocus.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2492984004"}