- RCI Hospitality Holdings (RICK, Financial) reports $65.9 million in total revenues for Q2 2025, a decrease from $72.3 million in Q2 2024.
- Net income attributable to RCIHH common shareholders rose to $3.2 million, a significant increase from $0.8 million in the year-ago period.
- The company repurchased 56,875 shares, with 8.83 million shares outstanding as of March 31, 2025.
RCI Hospitality Holdings, Inc. (RICK) announced its financial results for the second quarter of fiscal year 2025, revealing a slight decline in total revenues to $65.9 million, compared to $72.3 million in the same quarter of the previous year. The decrease is attributed primarily to the sale or divestiture of underperforming locations and adverse weather conditions impacting same-store sales.
Despite the revenue drop, the company reported a substantial rise in net income attributable to RCIHH common stockholders, reaching $3.2 million, up from $0.8 million last year. Earnings per share (EPS) also saw an increase to $0.36 from $0.08.
In line with its "Back to Basics" 5-Year Capital Allocation Plan, RCI made strategic acquisitions and expansions during and after Q2 2025. This includes acquiring the Flight Club in Detroit for $8.0 million, opening a new Bombshells location in Denver, and rebranding Chicas Locas in El Paso.
The company also executed a share buyback, repurchasing 56,875 shares, with an average price of $50.92, leaving 8.83 million shares outstanding as of March 31, 2025.
The nightclubs segment generated $57.5 million in revenues, reflecting a 3.1% decline, impacted by weather conditions and the absence of a key location due to a fire incident. Meanwhile, the Bombshells segment experienced a 35.6% revenue decline, largely due to site closures and divestitures.
RCI’s management will host a conference call on X Spaces today at 4:30 PM ET, led by CEO Eric Langan and CFO Bradley Chhay, to discuss these results and provide further insights.
