RCI Hospitality Holdings, Inc. Announces Preliminary Revenues Results for the Fourth Quarter and Full Year of Fiscal 2017; Reiterates Financial Guidance for the Fiscal Year 2018
January 02, 2018 at 11:03 am
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RCI Hospitality Holdings, Inc. announced preliminary revenues results for the fourth quarter and full year of fiscal 2017. For the quarter, total revenues increased 18.6% year over year to $39.2 million from $33.0 million.
For the year, total revenues increased 7.4% year over year to $144.9 million from $134.9 million.
The company reiterated its initial fiscal year 2018 FCF target of $21 million, which is based on estimated net cash provided by operating activities of approximately $23.5 million less maintenance capex of approximately $2.5 million.
RCI Hospitality Holdings, Inc. is a holding company, which operates through its subsidiaries. The Company is engaged in various activities in the hospitality and related businesses. The Companyâs all services and management operations are conducted by its subsidiaries, including RCI Management Services, Inc. It operates a total of 70 establishments, which offers live adult entertainment, including two that are under renovation/remodeling, and/or restaurant and bar operations, including one food hall. It also operates a business communications company serving the multi-billion-dollar adult nightclubs industry. The Company has three segments: Nightclubs, Bombshells and Other. Its Nightclubs portfolio includes a variety of brands and formats that target different customer demographics. Its nightclubs are located around the country in New York City, Chicago, Dallas-Fort Worth and others. Bombshells Restaurant & Bar is a military-themed casual dining chain with a focus on sports and fun.
RCI Hospitality Holdings, Inc. Announces Preliminary Revenues Results for the Fourth Quarter and Full Year of Fiscal 2017; Reiterates Financial Guidance for the Fiscal Year 2018
RCI HOSPITALITY HOLDINGS, INC. 
