Rick's Cabaret Int'l (RICK) Reports Q2 EPS of $0.45

Rick's Cabaret Int'l (NASDAQ: RICK) reported Q2 non-GAAP EPS of $0.45, versus $0.40 reported last year. Revenue for the quarter came in at $32.87 million, versus $28.73 million reported last year.

Eric Langan, President and CEO, commented, "This was a turnaround quarter for us. Everything we've been working on for Fiscal 2014 is coming together.

"With the opening of Vivid Cabaret New York and Bombshells in Webster, TX, and other new clubs and restaurants launched or acquired over the past year, we have reached a higher level of revenues. In turn, this has expanded operating margins and profitability to record levels. While the pro football championship game in the New York market benefitted the second quarter, our organic performance country wide, excluding Club Onyx units, was more significant.

"We are already seeing improvement in the Onyx clubs and expect to continue to see strong revenue numbers for clubs and restaurants overall going forward. For example, April same store sales, including Onyx, were up approximately 4% compared to a year ago."

For earnings history and earnings-related data on Rick's Cabaret Int'l (RICK) click here.

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