RCI Hospitality Holdings, Inc. (NASDAQ:RICK) Q3 2023 Earnings Conference Call August 9, 2023 4:30 PM ET

Company Participants

Mark Moran - Chief Executive Officer, Equity Animal

Eric Langan - Chairman, President and Chief Executive Officer

Bradley Chhay - Chief Financial Officer

Conference Call Participants

Scott Buck - H.C. Wainwright & Co., LLC

Anthony Lebiedzinski - Sidoti & Company, LLC.

Lynne Collier - Water Tower Research

Robert McGuire - Granite Research

Joseph Gomes - Noble Capital Markets

Mark Moran

Greetings, and welcome to RCI Hospitality Holdings Third Quarter Fiscal 2023 Earnings Call. You can find the company’s presentation on RCI’s website, click Company and Investor Information under the RCI logo. That will take you to the company and investor info page, scroll down and you’ll find all the necessary links.

Please turn to Slide 2 of our presentation. I’m Mark Moran, CEO of Equity Animal. I’ll be the host of our call today. I’m here in New York with Eric Langan, President and CEO of RCI Hospitality. CFO, Bradley Chhay is participating from Houston.

Please turn with me to Slide 3. If you aren’t doing so already, it’s easy to participate in the call on X, formerly known as Twitter Spaces. Go to @RicksCEO and select a space titled RICK RCI Hospitality Holdings Inc. 3Q ‘23 earnings call. To ask a question, you’ll need to join the X Space with a mobile device. To listen-only, you can join the X Space on a personal computer. RCI is also making this call available for listen-only through traditional landline and webcast.

At this time, all participants are in a listen-only mode. The question-and-answer session will follow. This conference call is being recorded.

Please turn with me to Slide 4. I want to remind everyone of our safe harbor statement. You may hear or see forward-looking statements that involved 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 afterward.

Now please turn with me to Slide 5. I also direct you to the explanation of Rick’s non-GAAP financial measures. Finally, I’d like to invite everyone listening in the New York City area to join Eric and me tonight at 7:00 O’clock to meet management at Rick’s Cabaret New York, one of RCI’s top revenue-generating clubs. Rick’s is located at 50 West 33rd Street between 5th Ave and Broadway, a little in from Herald Square. If you have an RSVPed, ask for us or Martin Shkreli at the door.