RCI Hospitality Holdings Inc. (RICK) released its fourth-quarter earnings report, indicating a decline compared to the same period the previous year. The company's net income was $0.24 million, equating to $0.03 per share, down from $2.19 million, or $0.23 per share, in the fourth quarter of the previous year.
On an adjusted basis, excluding certain items, RCI Hospitality Holdings Inc. posted earnings of $14.64 million, or $1.63 per share, for the quarter.
Total revenue for the quarter experienced a decline of 2.7%, dropping to $73.234 million from $75.250 million year over year.
A snapshot of RCI Hospitality Holdings Inc.'s fourth-quarter performance under Generally Accepted Accounting Principles (GAAP) is as follows:
- Net Income: $0.24 million versus $2.19 million last year.
- Earnings Per Share (EPS): $0.03 compared to $0.23 the prior year.
- Revenue: $73.234 million, down from $75.250 million a year ago.
