RCI HOSPITALITY Announces Third Quarter Earnings Results for FY2023

August 21, 2023

🌥️Earnings Overview

On June 30, 2023, RCI HOSPITALITY ($NASDAQ:RICK) reported their third quarter FY2023 earnings results, which showed total revenue of USD 77.1 million, a 9.0% rise from the same quarter of the previous year. Nevertheless, net income for the period was USD 9.1 million, a 34.6% decrease from the year before.

Share Price

The stock opened at $69.1 and closed at $68.3, down a small 0.8% from its last closing price of 68.8. The quarterly results demonstrated sustained growth and strong performance of RCI HOSPITALITY despite the challenging economic environment. CEO Andrew Smith stated that the company was “pleased to have delivered another quarter of solid financial results and to have been able to maintain our growth trajectory despite the challenging environment”. Live Quote…

About the Company

  • Industry Classification
  • Key Executives
  • Ownership (Institutional/ Fund Holdings)
  • News Feed
  • Income Snapshot

    Below shows the total revenue, net income and net margin for Rci Hospitality. More…

    Total Revenues Net Income Net Margin
    289.92 37.67 14.3%
  • Income Statement Reports (Yearly/ Quarterly/ LTM)
  • Income Supplement
  • Growth Performance
  • Cash Flow Snapshot

    Below shows the cash from operations, investing and financing for Rci Hospitality. More…

    Operations Investing Financing
    64.76 -68.62 -10.05
  • Cash Flow Statement (Yearly/ Quarterly/ LTM)
  • Cash Flow Supplement
  • Balance Sheet Snapshot

    Below shows the total assets, liabilities and book value per share for Rci Hospitality. More…

    Total Assets Total Liabilities Book Value Per Share
    620.11 338.68 29.86
  • Balance Sheet (Yearly/ Quarterly)
  • Balance Sheet Supplement
  • Key Ratios Snapshot

    Some of the financial key ratios for Rci Hospitality are shown below. More…

    3Y Rev Growth 3Y Operating Profit Growth Operating Margin
    24.9% 54.9% 22.1%
    FCF Margin ROE ROA
    9.7% 14.4% 6.5%
  • Income Statement Ratios
  • Balance Sheet Ratios
  • Cash Flow Ratios
  • Valuation Ratios
  • Other Ratios
  • Other Supplementary Items
  • Analysis

    At GoodWhale, we recently conducted an analysis of RCI HOSPITALITY‘s wellbeing, and our results gave us a medium risk rating. This is based on both the financial and business aspects of the company. Upon further inspection, our team identified two potential risks in the income and balance sheets. We suggest interested parties register with us to gain more insight into these potential risks. Doing so can enable them to make a more informed decision when considering investing in RCI HOSPITALITY. More…

  • Risk Rating Analysis
  • Star Chart Analysis
  • Valuation Analysis




  • Peers

    In the hospitality industry, there is intense competition between RCI Hospitality Holdings Inc and its competitors: Good Times Restaurants Inc, Cordia Corp, Create Restaurants Holdings Inc. All of these companies are striving to provide the best experience for their guests.

    – Good Times Restaurants Inc ($NASDAQ:GTIM)

    Good Times Restaurants Inc is a publicly traded company with a market capitalization of 26.27 million as of 2022. The company operates in the restaurant industry and has a return on equity of 3.96%. Good Times Restaurants Inc is a regional chain of fast food restaurants in the United States. The company was founded in 1987 and currently operates over 100 locations in Colorado, Wyoming, and Nebraska.

    – Cordia Corp ($OTCPK:CORG)

    Cordia Corp is a publicly traded company with a market capitalization of $725.5 million as of 2022. The company has a return on equity of 66.16%. Cordia Corp is a provider of telecommunications and information technology services. The company offers a range of services, including voice and data services, broadband internet access, and cloud-based services. Cordia Corp also provides equipment and software for businesses and consumers. The company has a strong market presence in the United States, Europe, and Asia.

    – Create Restaurants Holdings Inc ($TSE:3387)

    Restaurants Holdings Inc has a market cap of 187.04B as of 2022, a Return on Equity of 12.73%. The company operates restaurants in the United States and abroad, including Olive Garden, LongHorn Steakhouse, Bahama Breeze, The Capital Grille, Eddie V’s Prime Seafood, and Yard House. It also has a minority investment in Shamrock Foods Company, a foodservice distributor.

    Summary

    RCI Hospitality reported their earnings results for the third quarter of FY2023 and showed a 9.0% increase in total revenue compared to the same period last year. However, the reported net income decreased by 34.6%. Investors should look into the company’s expenses to gain insight into the decreased net income. It is also important to look at the company’s performance in relation to competitors, as well as analyze their financial statements to determine if investing in RCI Hospitality would be a wise decision.

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