Earnings release
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RCI Hospitality Holdings , Inc. rcihospitality.com/710/pressrelease.aspx RCI HOSPITALITY HOLDINGS INC RCI Reports Strong Increase in 2Q21 EPS and Free Cash Flow HOUSTON May 10 , 2021 - RCI Hospitality Holdings , Inc. ( Nasdaq : RICK ) today reported results for the fiscal 2021 second quarter ended March 31 , 2021 and filed its Form 10 - Q . Highlights ( all comparisons in this news release are 2Q21 vs. 2Q20 unless otherwise noted ) • GAAP EPS of $ 0.68 compared to ( $ 0.37 ) • Non - GAAP * EPS of $ 0.75 compared to $ 0.47 • GAAP results included a $ 1.4 million impairment and $ 431,000 net non - operating gain ( both pre - tax ) • Net cash from operating activities of $ 11.0 million and free cash flow * of $ 9.0 million • $ 20.2 million cash and cash equivalents on March 31 , 2021 • Total revenues of $ 44.1 million ( + 9.0 % ) Nightclubs segment revenues of $ 30.8 million with 34.0 % operating margin ( 38.8 % non - GAAP ) • Bombshells segment revenues of $ 13.1 million with 23.9 % operating margin ( 24.3 % non - GAAP ) Eric Langan , President & CEO , said : " 2Q21 reflected a continued rebound in financial performance through the COVID - 19 pandemic . Nightclubs had their best overall performance since the pandemic began . Bombshells served up another strong quarter . This enabled us to keep our teams employed and generate higher levels of free cash flow and profitability . Once again , we thank our loyal customers , dedicated team members , and steadfast investors . " We hope these trends continue as the COVID - 19 situation continues to improve . As of today , 36 clubs and 10 Bombshells are open . Nightclubs and Bombshells sales exceeded $ 18 million in April . Restrictive curfews , which have affected many of our northern clubs , are beginning to end . Minnesota , where we have three clubs , lifted its 11 PM curfew on Friday . New York , where we have three clubs , plans to eliminate its midnight curfew May 31. We hope the curfew in Chicago , where we have one club , will be lifted soon . " Conference Call Today at 4:30 PM ET 1/10