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Rick's Cabaret International fiscal Q2 profit climbs 10.2% YOY

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Rick's Cabaret International fiscal Q2 profit climbs 10.2% YOY

4135392 said its normalized net income for the fiscal second quarter ended March 31 amounted to 39 cents per share, a gain of 16.4% from 33 cents per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $4.0 million, an increase of 10.2% from $3.6 million in the prior-year period.

The normalized profit margin increased to 11.3% from 10.9% in the year-earlier period.

Total revenue rose 13.8% year over year to $37.4 million from $32.9 million, and total operating expenses grew 17.3% from the prior-year period to $29.7 million from $25.3 million.

eported net income totaled a loss of $2.9 million, or a loss of 28 cents per share, compared to income of $4.0 million, or 37 cents per share, in the year-earlier period.Rick's Cabaret International Inc.

4135392 said its normalized net income for the fiscal second quarter ended March 31 amounted to 39 cents per share, a gain of 16.4% from 33 cents per share in the prior-year period.