RICK - RCI Hospitality Holdings Inc. (RICK) Q2 2024 Sales Conference Transcript
2024-04-09 20:32:08 ET
RCI Hospitality Holdings, Inc. (RICK)
Q2 2024 Sales Conference
April 09, 2024 04:30 PM ET
Company Participants
Mark Moran - CEO, Equity Animal
Eric Langan - President and CEO
Conference Call Participants
Scott Buck - H.C. Wainwright
Anthony Lebiedzinski - Sidoti & Company
Robert McGuire - Granite Research
Adam Wyden - ADW Capital Management
Presentation
Mark Moran
Greetings and welcome to RCI Hospitality Holdings Second Quarter 2Q ‘24 Sales Call. You can find the company's presentation on RCI's website, go to the investor relations section, and all of the links are at the top part of that page.
Please turn with me to Slide 2 of our presentation. I'm Mark Moran, CEO of Equity Animal. I'm the host of our call. I'm coming to you from New York City today. Eric Langan, President and CEO of RCI Hospitality Holdings, and CFO, Bradley Chhay are coming to you from Houston today.
Please turn with me to Slide 3. To ask a question, you'll need to join the X Space with a mobile device. To listen only, you can join the X Space on a personal computer. At this time, all participants are in a listen-only mode. A question-and-answer session will follow. This conference is being recorded. Please turn with me to Slide 4. You may hear or see forward-looking statements that involve risks and uncertainties. Actual results may differ materially from those currently anticipated. We disclaim any obligation to update information disclosed in this call as a result of developments that occur afterwards.
Now I'm pleased to introduce to you Eric Langen, President and CEO of RCI Hospitality. Eric, take it away.
Eric Langan
Thank you for joining us today. If you please turn to Slide 5. There's a lot going on in the company right now. We wanted to give you a broad brush update for items that we can talk about now rather than wait until May when we report financial results. First, total sales for Nightclubs and Bombshells were $71.7 million for the second quarter, an increase of 1.3% or $0.9 million year-over-year. Increase in sales from prior year's acquisitions and new locations more than offset declines in same-store sales and clubs in transition....
RCI Hospitality Holdings, Inc. (RICK) Q2 2024 Sales Conference Transcript