RCI Reports 4Q16 and FY16 Results and FY17 Outlook
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RCI Hospitality Holdings (RICK) Reports Q4 EPS of $0.31
December 13, 2016 4:14 PM ESTRCI Hospitality Holdings (NASDAQ: RICK) reported Q4 non-GAAP EPS of $0.31, versus $0.21 reported last year. Revenue for the quarter came in at $33 million, versus $32.8 million reported last year.
Free Cash Flow (FCF)* totaled $3.8 million compared to ($2.1) million.
RCI accelerated its share buyback program in FY16, taking advantage of its strong FCF to return capital to shareholders, investing $7.3 million to buy back 747,081 shares, reducing shares outstanding about 5%.
"We ended FY16 in the best shape we've been in, thanks to the first full year implementation of our disciplined approach to capital allocation," Mr.... More
