Filing Flows › RCI Hospitality Holdings (RICK) › Q4 FY24
RCI Hospitality Holdings (RICK) Q4 FY24 earnings results (fourth quarter fiscal 2024)
10-K filed Dec 16, 2024
RCI Hospitality Holdings (RICK) reported revenue of $73.2M for the fourth quarter fiscal 2024 (Q4 FY24), -3% from a year earlier and -4% from the quarter before. Operating margin was 4.8%, net earnings $245K (0.3% of revenue).
RCI Hospitality Holdings, Q4 FY24: revenue $73.2M (-3% year over year), operating margin 4.8%, net earnings $245K, operating cash flow $15.7M. The chart follows the revenue to costs, profit and cash.
| Q4 FY24 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $73.2M | -4% | -3% |
| Operating profit | $3.5M | — | — |
| Net earnings | $245K | — | — |
| Operating cash flow | $15.7M | -0.7% | +29% |
| Free cash flow | $13.2M | — | +18% |
What changed
Revenue was $73.2M in Q4 FY24, down 3% year over year and down 4% from the previous quarter. Sales of alcoholic beverages was the largest line at 44% of revenue.
Operating profit was $3.5M, a 4.8% margin (down 2.7 points year over year). Total costs grew 0% against a revenue fall of 3%. Net earnings were $244K, down 89% year over year.
Operating cash flow was $15.7M (up 29% year over year), 6388% of net earnings. Non-cash charges added back $3.8M of depreciation and amortization and $470K of share-based compensation. Working capital and other items added $11.2M. After maintenance capital expenditures ($2.5M), free cash flow as the company reports it was $13.2M.
Questions
What was RCI Hospitality Holdings' revenue in the fourth quarter fiscal 2024?
RCI Hospitality Holdings (RICK) reported revenue of $73.2M for the fourth quarter fiscal 2024 (Q4 FY24), -3% from a year earlier and -4% from the quarter before.
Was RCI Hospitality Holdings profitable in the fourth quarter fiscal 2024?
Operating profit was $3.5M (4.8% of revenue) and net earnings $245K.