The following is a summary of the RCI Hospitality Holdings, Inc. (RICK) Q4 2024 Earnings Call Transcript:

Financial Performance:

• RCI Hospitality reported a decline in fourth quarter sales due to hurricane impacts and a fire, alongside a decline in total company sales and EPS.

• Despite a net income decline, non-GAAP EPS and net cash from operating activities both increased.

• The company reduced its total share count by 4.7% year-over-year, reflecting ongoing share buybacks.

Business Progress:

• The company has launched a 'Back-to-the-Basics' five-year plan, focusing on core nightclub operations and improving performance at existing Bombshells locations.

• Significant capital allocation is planned towards acquiring clubs, paying off debt, and continuing with share buybacks and dividends.

• RCI is targeting revenue of $400 million and $75 million in free cash flow by fiscal 2029, with a reduced share count to 7.5 million or less.

Opportunities:

• The company plans to return to same-store sales growth across its operations, leveraging the steady cash flow generation from nightclubs to fuel its expansion and financial goals.

Risks:

• Impairments and other charges tied to past acquisitions (related primarily to interest rate impacts on discounted cash flows) may pose ongoing risks to financial performance without affecting operations or cash flow.

More details: RCI Hospitality Holdings IR

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