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January 2023
January 2023
December 2022
December 2022
October 2022
August 2022
August 2022
July 2022
July 2022
May 2022
4Q22 Total Sales | Total Sales vs. 4Q21 | Same-Store Sales vs. 4Q21 | |||||||||
Combined | $70.0 | +28.8% | -1.3% | ||||||||
Nightclubs | $56.1 | +40.4% | +3.2% | ||||||||
Bombshells | $13.9 | -3.6% | -13.3% |
FY22 Total Sales | Total Sales vs. FY21 | Same-Store Sales vs. FY21 | |||||||||
Combined | $264.3 | +37.4% | +5.6% | ||||||||
Nightclubs | $204.5 | +50.6% | +10.1% | ||||||||
Bombshells | $59.8 | +5.5% | -4.6% |
4Q22 | FY22 | FY15-22 | |||||||||
Repurchased Shares | 54,473 | 268,185 | 2,049,032 | ||||||||
Total Cash Used for Repurchase ($M) | $3.0 | $15.1 | $40.0 | ||||||||
Average Price Per Share | $55.80 | $56.29 | $19.51 |
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Rci Hospitality Holdings, Inc.'s Definitive Proxy Statement (Form DEF 14A) filed after their 2022 10-K Annual Report includes:
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Assets to be disposed of are separately presented in the balance sheet and reported at the lower of the carrying amount or fair value less costs to sell and are no longer depreciated.
IMPACT OF INFLATION To the extent permitted by competition, we have managed to recover increased costs through price increases and may continue to do so.
Our effective income tax rate was a 23.4% expense in 2022, 11.7% expense in 2021, and 7.2% benefit in 2020.
Below is a table which reflects segment contribution to income from operations (in thousands): Nightclubs operating margin was 40.1%, 31.9%, and 14.8% in 2022, 2021, and 2020, respectively, primarily due to the impact of the COVID-19 pandemic in 2020 and the closure of underperforming units, fixed expense leverage on increasing sales, and impairment of assets of $1.2 million, $13.6 million, and $10.4 million for 2022, 2021, and 2020, respectively.
In relation to insurance claims and recoveries, we recognized a $463,000 gain in 2022, $1.3 million gain in 2021, and a $420,000 loss in 2020 mainly related to a fire in one of our clubs in Washington Park, Illinois toward the end of fiscal 2018 and a hurricane that damaged one of our clubs in Sulphur, Louisiana in August 2020.
We consider the primary indicators...Read more
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Closed units in the comparable...Read more
On May 24, 2022, the...Read more
Therefore, although management considers the...Read more
New units contributed $47.6 million,...Read more
Accounting and legal fees primarily...Read more
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Then starting in the second...Read more
Our growth strategy includes acquiring...Read more
Bombshells cost of goods sold...Read more
Depreciation and amortization increased by...Read more
Our revenues in certain markets...Read more
We have a history of...Read more
Most of the selling, general...Read more
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OPERATIONS REVIEW Highlights of operations...Read more
Adjusted EBITDA provides a core...Read more
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Included in the income tax...Read more
Revenues Our consolidated revenues continued...Read more
We consider the first six...Read more
Consolidated same-store sales increased by...Read more
Relative to each of the...Read more
Nightclubs revenues increased by 50.2%...Read more
Bombshells revenues increased by 5.8%...Read more
These events or changes in...Read more
Other Income/Expenses Interest expense increased...Read more
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Financial Statements, Disclosures and Schedules
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Rci Hospitality Holdings, Inc. provided additional information to their SEC Filing as exhibits
Ticker: RICK
CIK: 935419
Form Type: 10-K Annual Report
Accession Number: 0001628280-22-031907
Submitted to the SEC: Wed Dec 14 2022 4:13:49 PM EST
Accepted by the SEC: Wed Dec 14 2022
Period: Friday, September 30, 2022
Industry: Retail Eating Places