RCI HOSPITALITY Reports Third Quarter Financial Results for Fiscal Year 2023

August 18, 2023

🌥️Earnings Overview

RCI HOSPITALITY ($NASDAQ:RICK) reported financial results for their fiscal year 2023’s third quarter which ended on June 30, 2023. Total revenue for this quarter was USD 77.1 million, a growth of 9.0% compared to the same quarter the previous year. Nevertheless, net income was USD 9.1 million, a decrease of 34.6% from the same quarter of the prior year.

Stock Price

On Wednesday, the stock opened at $69.1 and closed at $68.3, indicating a 0.8% decline from the previous closing price of 68.8. Income from operations also increased by 4%, to $35 million, compared to the same period last year. RCI Hospitality also reported strong performance in its food and beverage division, with revenues increasing by 10% from the previous year. The company attributed this growth to its diversified portfolio and successful marketing efforts. The company continues to focus on strengthening its core business and expanding its reach in the hospitality industry. 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

    GoodWhale has conducted an analysis of RCI HOSPITALITY and we have found that the company is strong in dividend, growth, and profitability. However, it is weak in asset. According to our Star Chart, RCI HOSPITALITY has a high health score of 8/10 with regard to its cashflows and debt, indicating that it is capable to sustain future operations in times of crisis. Additionally, RCI HOSPITALITY is classified as a ‘gorilla’, a type of company that we conclude that achieved stable and high revenue or earning growth due to its strong competitive advantage. Investors who are looking for stable and high returns from companies with strong competitive advantages would be interested 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.


    Investors should consider if this decrease in income is an isolated incident or likely to continue in future quarters before considering investing in the company.

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