RCI Hospitality Q3 Profit Rises On Gain From Tax Settlement - Quick Facts

(RTTNews) - RCI Hospitality Holdings Inc. (RICK) reported third quarter net income attributable to company of $8.3 million compared to $0.7 million, last year. Earnings per share was $0.78, which includes the gain from the settlement of the Patron Tax issue with the State of Texas. This is compared to $0.07 in prior year. Non-GAAP earnings per share was $0.32, for the quarter.

Total revenues were $35.8 million compared to $33.3 million, up 7.3%. The company said its same store sales declined 5.3% due to unusually severe rain and flooding in Texas that affected the nightclub segment.