None
EN
RCI Hospitality Q3 Earnings Call Highlights
['Jeff Wilder']
Daily Political
Net income attributable to RCI shareholders rose 57% to $6.4 million from $4.1 million, while GAAP earnings per share increased 80%.
Four newly acquired, opened or reformatted clubs contributed $4 million in revenue, while 52 same-store clubs generated $58.5 million.
Within the Nightclubs segment, service revenue increased 7.6%, while food, merchandise and other revenue declined 1.4% and alcoholic beverage revenue fell 4.2%.
Alcoholic beverage revenue increased 33.6%, and food and other revenue increased 16.6%.
However, operating cash flow increased 14% sequentially and free cash flow increased 26% sequentially.