Overview
RCI Hospitality Q3 revenue declines to $71.1 mln from $76.2 mln yr/yr
Adjusted EPS falls to $0.77 from $1.35
Net income improves to $4.1 mln from a loss of $5.2 mln yr/yr
Result Drivers
NIGHTCLUBS REVENUE - Revenues nearly flat despite economic uncertainty and fire incident affecting one location
BOMBSHELLS DIVESTITURE - Revenue decline due to sale of underperforming locations and decrease in same-store sales
IMPAIRMENT CHARGES - Profitability benefited from reduced impairment charges compared to previous year
Key Details
Analyst Coverage
The stock recently traded at 6 times the next 12-month earnings vs. a P/E of 7 three months ago
Press Release: ID:nBw349JCYa
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)