The earnings call presented a mixed picture with positive developments in profitability and strategic acquisitions, but challenges persisted in revenue generation and operational segments like Bombshells. The company's efforts to manage costs and expand its nightclub operations are promising, but declines in revenue and non-GAAP EPS, along with high insurance reserves, weigh on the outlook.

Company Guidance

During RCI Hospitality Holdings' third-quarter 2025 earnings call, the company provided a comprehensive overview of their financial performance and strategic initiatives. Key metrics highlighted include total revenues of $71.1 million, a decrease from $76.2 million year-over-year, primarily due to the divestiture of underperforming Bombshells locations. Nightclub revenues totaled $62.3 million, reflecting a slight decline due to a 3.7% drop in same-store sales and the impact of a fire at Baby Dolls Fort Worth. The company's net income attributable to common shareholders was $4.1 million, contrasting with a loss of $5.2 million in the previous year, resulting in a GAAP EPS of $0.46 per share. Free cash flow was stable at $13.3 million, while adjusted EBITDA was $15.3 million, down from $20.1 million. The call also discussed RCI's capital allocation strategy, emphasizing a 40% allocation of free cash to club acquisitions and 60% to share buybacks, debt reduction, and dividends. Additionally, the company reported purchasing over 75,000 shares of common stock for $3 million and ending the quarter with approximately 8.76 million shares outstanding. RCI's strategic focus remains on optimizing nightclub operations, managing its real estate assets, and expanding through acquisitions and new openings, including a successful new Bombshells location in Lubbock, Texas.

Nightclub Revenue Stability

Nightclub revenues were nearly level despite economic uncertainty, with a small decline of less than 1% year-over-year due to a 3.7% decline in same-store sales and the absence of Baby Dolls Fort Worth.

Profitability and Acquisition Strategy

Consolidated profitability benefited from the absence of impairment charges, and the company acquired 2 upscale nightclubs with price multiples in line with their capital allocation strategy.

Successful New Openings and Expansions

Rick's Cabaret and Steakhouse opened in Central City, Colorado, and a new Bombshells location in Lubbock, Texas, has been performing very well since opening.

Increase in Operating Income and Margins

Operating income was $17.8 million compared to $13.6 million, with margins increasing to 28.5% from 21.7% year-over-year.

Decrease in Impairment Charges

Impairments and other charges were $2.3 million compared to $18.3 million, showing a significant decrease.

RCI Hospitality Holdings (RICK) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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RICK Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Dec 10, 2025	2025 (Q4)	- / -	0.03	―	―	―
Aug 11, 2025	2025 (Q3)	- / 0.46	1.35	-65.93% (-0.89)
May 12, 2025	2025 (Q2)	0.31 / 0.36	0.9	-60.00% (-0.54)
Feb 10, 2025	2025 (Q1)	0.52 / 1.01	0.87	16.09% (+0.14)
Dec 16, 2024	2024 (Q4)	0.70 / 0.03	1.11	-97.30% (-1.08)
Aug 08, 2024	2024 (Q3)	0.81 / 1.35	1.3	3.85% (+0.05)
May 09, 2024	2024 (Q2)	0.89 / 0.90	1.3	-30.77% (-0.40)
Feb 08, 2024	2024 (Q1)	0.98 / 0.87	1.19	-26.89% (-0.32)
Dec 14, 2023	2023 (Q4)	1.02 / 1.11	1.45	-23.45% (-0.34)
Aug 09, 2023	2023 (Q3)	1.26 / 1.30	1.6	-18.75% (-0.30)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

RICK Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Aug 11, 2025	$36.25	$36.73	+1.32%
May 12, 2025	$43.31	$44.91	+3.69%
Feb 10, 2025	$53.13	$51.17	-3.69%
Dec 16, 2024	$51.96	$57.85	+11.34%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does RCI Hospitality (RICK) report earnings?

RCI Hospitality (RICK) is schdueled to report earning on Dec 10, 2025, After Close (Confirmed).

What is RCI Hospitality (RICK) earnings time?

RCI Hospitality (RICK) earnings time is at Dec 10, 2025, After Close (Confirmed).

Where can I see when companies are reporting earnings?

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What is RICK EPS forecast?

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