Overview

* RCI Hospitality ( RICK ) 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

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 $71.10

Revenue mln

Q3 $0.77

Adjusted

EPS

Q3 EPS $0.46

Q3 Net $4.10

Income mln

Q3 $8.71

Income mln

from

operatio

ns

Q3 $4.79

Pretax mln

Profit

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:

(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.)