
RCI Hospitality Holdings has reported its financial results for the fourth quarter and full year 2024, revealing an adjusted earnings per share (EPS) of $1.63, surpassing analysts' expectations of $0.37. The company's revenue for the quarter reached $73.23 million, exceeding the forecast of $72.98 million. Additionally, RCI announced a new five-year capital plan titled 'Back to Basics' aimed at enhancing its operations. Following the announcement, shares of RCI Hospitality rose by 7.4% in post-market trading, reaching $56. The company also noted a 2.2% increase in same-store nightclub sales, despite challenges posed by hurricane-related closures. An investor call is scheduled for later today at 4:30 PM Eastern Time to discuss these results further.
$RICK up 14% https://t.co/HJotHrWXki
RCI Hospitality Holdings, $RICK, 4Q FY24 Results: 🟢 +7.4% Post-Market ($56) 📊 Adj. EPS: $1.63 🟢 💰 Revenue: $73.23M 🟢 📈 Adjusted EBITDA: $17.86M 🔍 Nightclub sales grew 2.2% same-store but faced hurricane closures. New "Back to Basics" 5-year capital plan introduced.
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