RCI Hospitality Holdings, Inc. (RICK) Q2 2025 Earnings Call Transcript

RCI Hospitality Holdings, Inc. (NASDAQ:RICK) Q2 2025 Earnings Conference Call May 12, 2025 4:30 PM ET

Company Participants

Mark Moran – IR, Equity Animal
Eric Langan – President & CEO
Bradley Chhay – CFO

Conference Call Participants

Adam Wyden – ADW Capital

Mark Moran

Greetings, and welcome to RCI Hospitality Holdings Second Quarter 2025 Earnings Conference Call. You can find the company’s presentation on RCI’s website. Go to the Investor Relations section, and all the links are at the top of the page. Please turn with me to Slide 2 of our presentation. I’m Mark Moran of Equity Animal, and I’ll be hosting our call today. I’m coming to you from Washington, D.C. Eric Langan, President and CEO of RCI Hospitality; and CFO, Bradley Chhay, are in Houston today.

Please turn with me to Slide 3. RCI is making this call exclusively on X Spaces. [Operator Instructions] This conference call is being recorded.

Please turn with me to Slide 4. I want to remind everybody of our Safe Harbor statement. 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.

Please turn with me to Slide 5. I also direct you to the explanation of RICK’s non-GAAP financial measures. Now I’m pleased to introduce Eric Langan, President and CEO of RCI Hospitality. Eric, take it away.

Eric Langan

Thank you, Mark. Please turn to Slide 6. Thanks for joining us today. Let me run through some key takeaways. All comparisons are year-over-year unless otherwise noted. As we previously announced, revenues reflect the sale divestiture of five underperforming Bombshells segment locations and the effect of severe weather on company same-store sales in January and February. This was offset by