RICK Reports Q4 Revenue Update
RCI Hospitality Holdings, Inc. (RICK) shares insights on its Q4 fiscal 2024 performance.
Revenue Figures in Q4
RICK recorded $72.1 million in total revenue during Q4, marking a 2.6% decrease from the previous year.
Sales from Nightclubs landed at $60.2 million, slightly down by 0.5% due to disruptions caused by external factors like Hurricane Beryl.
Bombshells restaurants saw a dip in revenue, generating $11.9 million, down by 12.2% from the year-ago quarter.
Q4 Highlights
RICK repurchased 0.17 million of its common stock, valued at approximately $7.8 million during the quarter.
Looking forward, RICK plans to expand with six new clubs and eateries in fiscal 2025, aiming to drive growth.
RICK’s Stock Valuation Opportunity
RICK’s current P/E ratio of 10.10 is notably lower than the industry average of 17.84x, indicating a potential undervaluation worthy of investor attention.
Expert Analysis and Key Picks
RICK holds a Zacks Rank #2 (Buy), offering a compelling investment case.
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