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Sonic Corp. Message Board

drmicrocaps 5 posts  |  Last Activity: Jul 6, 2016 9:41 AM Member since: Jan 19, 2011
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  • Reply to

    1st Quarter results

    by drmicrocaps Jun 28, 2013 11:30 AM
    drmicrocaps drmicrocaps Jul 6, 2016 9:41 AM Flag

    AZZ Inc. Reports Financial Results for the First Quarter of Fiscal Year 2017
    First Quarter Fiscal 2017 EPS of $0.81, up 5.2% compared to $0.77 in Fiscal 2016
    First Quarter Revenues of $242.7 million, up $13.8 million or 6.0% over First Quarter Fiscal 2016
    First Quarter Bookings of $250.5 million, up 16.4% compared to First Quarter Fiscal 2016, resulting in record backlog of $354.2 million
    Announces Quarterly Cash Dividend of $0.15 per Share
    PR Newswire AZZ Inc.
    July 5, 2016 6:30 AM
    
    FORT WORTH, Texas, July 5, 2016 /PRNewswire/ -- AZZ Inc. (AZZ), a global provider of galvanizing services, welding solutions, specialty electrical equipment and highly engineered services, today announced financial results for the three month period ended May 31, 2016.

    Management Discussion

    Tom Ferguson, president and chief executive officer of AZZ Inc., commented, "The financial results for the first quarter were solid reflecting the operational performance of our two business segments. We are particularly pleased with the 13.8% revenue growth and the 10% increase in operating income in our galvanizing business, the 1.03 book-to-ship ratio of our overall business, and the 11% increase in the backlog at the end of the first quarter as compared to the first quarter last year. We are also pleased with the 104% increase in the operating cash flow versus last year's comparable quarter. Given the mixed market dynamics that we currently face, our sales teams are doing a great job."

    "In the Energy Segment," continued Mr. Ferguson, "our acquisition of PEI, at the start of the just completed quarter, is doing very well, and we expect it to be accretive to earnings during the fiscal year. We continue to see domestic opportunities for growth during the fiscal year, despite the fact that lower oil prices are having a moderate impact on both our Energy and Galvanizing businesses. Looking ahead, we believe that our industry leading products and services uniquely positions AZZ to benefit from.

    Sentiment: Strong Buy

  • Reply to

    "Wisper Number"

    by drmicrocaps Sep 9, 2011 5:00 PM
    drmicrocaps drmicrocaps Jul 6, 2016 9:34 AM Flag

    https://finance.yahoo.com/news/inplay-briefing-com-055139997.html#azz

    Sentiment: Strong Buy

  • Reply to

    "whisper Number"

    by drmicrocaps Oct 13, 2013 1:31 AM
    drmicrocaps drmicrocaps Jun 22, 2016 10:16 AM Flag

    The "Street" has KKR coming in at .41 for the quarter that should be reported on or about July 22, 2016! All post's welcome! The "Good Dr's In"!

    Sentiment: Strong Buy

  • Reply to

    1st Quarter results

    by drmicrocaps Sep 5, 2013 11:00 AM
    drmicrocaps drmicrocaps Jun 9, 2016 6:48 PM Flag

    Tupperware Brands Reports First Quarter 2016 Results; EPS Above High End of Guidance
    -- First quarter sales up 1% in local currency+ and down 10% in dollars.
    -- GAAP diluted E.P.S. $0.86 versus $0.59 prior year, which included a non-cash fixed asset impairment charge. Adjusted*, diluted E.P.S. $0.91, up 10% in local currency and down 11% in dollars. Five cents above guidance range including a 4 cent benefit from exchange rates versus January guidance.
    -- South America sales up 24% in local currency and down 10% in dollars, driven by Brazil, up 21% in local currency.
    -- Tupperware North America segment sales up 14% in local currency and up 5% in dollars. Tupperware Mexico continued strong sales growth, up 20% in local currency, with United States and Canada up 9% in local currency.
    -- Full Year Guidance increased 27 cents on GAAP basis and 21 cents excluding items to $4.28 to $4.38 per share.
    PR Newswire Tupperware Brands Corporation
    April 20, 2016 7:00 AM
    
    ORLANDO, Fla., April 20, 2016 /PRNewswire/ -- (TUP) Tupperware Brands Corporation today announced first quarter 2016 operating results.

    View photo
    .Tupperware Brands Logo
    Rick Goings, Chairman and CEO, commented, "First quarter sales were up 1% in local currency. While we continued to achieve strong performances in Argentina, Brazil, China, Tupperware Mexico and Tupperware U.S. and Canada, we have continued to need to navigate through economic and political headwinds. Even so, we were able to come in above the high end of our diluted earnings per share range, reflecting lower resin costs and our initiatives to manage costs, gross margin and leverage under our promotional programs, as well as improved exchange rates."

    Goings continued, "While we continue to expect some softness in local currency sales growth in 2016, our business model is resilient and has built-in flexibility to sustain earnings and cash flow, while we continue to roll-out our Vision 20/20 initiatives that will 'Build our Core'

    Sentiment: Buy

  • Reply to

    2nd Quarter Results

    by drmicrocaps Apr 10, 2015 12:49 PM
    drmicrocaps drmicrocaps Jun 7, 2016 6:37 PM Flag

    RCI Continues Rebound with 2Q16 EPS at $0.54 GAAP & $0.40 Non-GAAP
    PR Newswire RCI Hospitality Holdings, Inc.
    May 10, 2016 4:05 PM
    
    HOUSTON, May 10, 2016 /PRNewswire/ -- RCI Hospitality Holdings, Inc. (RICK) today announced its performance continued to rebound in the fiscal 2016 second quarter ended March 31, 2016.

    View photo
    .RCI Hospitality Holdings Corporate Logo (PRNewsFoto/RCI Hospitality Holdings, Inc.)
    2Q16 Highlights

    GAAP EPS diluted was $0.54, which included a $1.75 million tax credit. Excluding non-recurring items, non-GAAP* EPS diluted was $0.40.
    In the year ago quarter, GAAP EPS was a loss of ($0.28), which included a $10.3 million pre-tax expense for a legal settlement. Non-GAAP EPS diluted was $0.44. 2Q15 was a record quarter for sales and non-GAAP earnings.
    2Q16 results reflect a continued recovery in performance following a falloff after 2Q15.
    2Q16 free cash flow (FCF) totaled $6.4 million, the second largest quarter on record, and $10.3 million for the first half of FY16.
    As a result, RCI has revised its FY16 FCF target upward to $16-$19 million from $15-18 million.
    Cash Dividend & Share Buy Backs

    RCI accelerated its share buyback program in FY16, taking advantage of its strong FCF to return capital to shareholders.
    Through April 30, 2016, the company purchased 566,921 common shares to date in FY16 at a cost of $5.4 million, reducing shares outstanding to 9.889 million from 10.348 million a year ago.
    RCI yesterday announced a $5.0 million increase in its authorization to repurchase common shares, resulting in a total of $6.2 million available to buy back stock.
    RCI also announced yesterday the company's 3Q16 $0.03 dividend will be paid June 27, 2016 to shareholders of record June 10, 2016.
    Conference Call

    A conference call to discuss these results, outlook and related matters will be held today at 4:30 PM ET
    Dial In: 877-407-9210 (toll free) or 201-689-8049 (domestic or international)
    Webcast URL: http://www.investorcalendar.com/event/174973
    Meet Management Tonight

    Eric Langan, President & CEO, invites investors to meet management and tour one of the company's top clubs.

    When: Tonight, May 10, 2016, 6:00 PM to 8:00 PM ET
    Where: Rick's Cabaret New York, at 50 W. 33rd Street, between Fifth Avenue and Broadway
    RSVP: With your contact information to gary.fishman@anreder.com
    CEO Comment

    "We are pleased 2Q16 revenues, margins, profits and free cash flow performed better than our original expectations," Mr. Langan said.

    "This is especially encouraging as we were up against our largest sales quarter ever in the year ago period. Moreover, two clubs were closed in 2Q16 undergoing reformatting and remodeling.

    "Our FY16 plan is to continue to grow margins, EPS and FCF on what we expect to be flattish revenues on an annual basis, while adhering to our capital allocation policy.

    "Costs as a percentage of revenues are going down. Operating margin has improved two quarters in a row.

    "Sales are moving in the right direction. Same store sales were nearly level with the year-ago quarter. 3Q16 should benefit from reopening of the two reformatted clubs, and we anticipate opening the first sports-themed club in Manhattan in 4Q16.

    "As a result of our first six months' performance, we have increased our FY16 free cash flow target to $16-$19 million.

    "The company remains committed to our capital allocation policy of using FCF to enhance shareholder value through share repurchases and dividends. As part of this policy, we will continue to evaluate the risk adjusted returns on capital expenditures or acquisitions relative to the after tax yield on free cash flow we can obtain by repurchasing our own shares.

    "While opportunities may arise to acquire or open new units or pay down debt ahead of schedule, we generally believe the best allocation of our capital is the risk-adjusted, after-tax, FCF yield of buying our own shares as long as our stock stays at this low valuation relative to RCI's cash flow generation."

    2Q16 Analysis

    Total Revenues

    Total revenues of $34.4 million increased $0.9 million or 2.8% from 1Q16, reflecting improvements in almost all major categories.
    High-margin service revenues increased $0.6 million or 4.5% from 1Q16 as club customers began to spend more per visit and new marketing strategies started to prove effective. Food sales increased $0.3 million or 6.3% from 1Q16 due to Bombshells' growing business.
    Same store sales of $32.9 million declined only 0.9% year over year, representing a significant increase from our performance in 1Q16 and 4Q15.
    Operating Income & Margin

    Income from operations was $7.6 million, or 22.0% of revenues, up from 17.1% in 1Q16.
    Excluding non-recurring items, non-GAAP operating income was $7.9 million, or 23.1% of revenues, up from 19.7% in 1Q16.
    The improvement in operating income as compared to 1Q16 reflects the increase in sales, in particular service revenues, as well as reduced costs as a percentage of revenues.
    2Q16 Segment Analysis

    Nightclubs

    Sales of $29.1 million compared to $29.9 in the year ago quarter, with 36 units in operation compared to 40.
    Operating income was $9.7 million, or 33.5% of revenues, compared to a loss of ($0.8) million, or (2.7%), in 2Q15.
    Non-GAAP operating income was $9.8 million, or 33.7% of revenues, compared to $9.5 million, or 31.7%, in 2Q15.
    Bombshells

    Sales of $4.6 million compared to $4.4 million in the year ago quarter, with five units in operation in both periods.
    Operating income was $0.64 million compared to $0.46 million in 2Q15.
    Operating margin was 13.9% compared to 10.3% in 2Q15.
    2Q16 Other Metrics

    Occupancy Costs: Occupancy costs, which the company measures as a combination of rent plus interest expense, declined to 8.2% of revenues compared to 8.5% in 2Q15. The decline reflects significantly lower rent due to the acquisitions of club real estate in New York City in early 2Q16 and of Miami Gardens in 4Q15.
    Effective Tax Rate: $1.75 million was deducted from income tax expense, due to the benefit of certain FICA credits not previously claimed. Excluding this deduction, RCI would have paid an effective tax rate of 36.6%.
    Adjusted EBITDA & Free Cash Flow: RCI's cash generating power, as reflected by adjusted EBITDA, amounted to $9.7 million compared to $8.2 million in 1Q16. As a result, RCI generated FCF of $6.4 million compared to $3.9 million in 1Q16.
    Balance Sheet (March 31, 2016 compared to December 31, 2015): Total stockholders' equity increased to $131.9 million from $128.2 million due to the increase in retained earnings partially offset by share buy backs.
    *Non-GAAP Financial Measures

    In addition to our financial information presented in accordance with GAAP, management uses certain "non-GAAP financial measures" within the meaning of the SEC Regulation G, to clarify and enhance understanding of past performance and prospects for the future. Generally, a non-GAAP financial measure is a numerical measure of a company's operating performance, financial position or cash flows that excludes or includes amounts that are included in or excluded from the most directly comparable measure calculated and presented in accordance with GAAP. We monitor non-GAAP financial measures because it describes the operating performance of the company and helps management and investors gauge our ability to generate cash flow, excluding some non-recurring charges that are included in the most directly comparable measures calculated and presented in accordance with GAAP. Relative to each of the non-GAAP financial measures, we further set forth our rationale as follows:

    Non-GAAP Operating Income and Non-GAAP Operating Margin. We exclude from non-GAAP operating income and non-GAAP operating margin amortization of intangibles, gain on settlement of patron tax case, pre-opening costs, gains and losses from asset sales, gain on settlement of patron tax issue, impairment of assets, pre-opening costs, stock-based compensation charges, litigation and other one-time legal settlements and acquisition costs. We believe that excluding these items assists investors in evaluating period-over-period changes in our operating income and operating margin without the impact of items that are not a result of our day-to-day business and operations. While we were in litigation in the patron tax case, we also included patron taxes as an exclusion, but after settlement of the case, we no longer exclude patron taxes from operating income.
    Non-GAAP Net Income and Non-GAAP Net Income per Basic Share and per Diluted Share. We exclude from non-GAAP net income and non-GAAP net income per diluted share and per basic share amortization of intangibles, gain on settlement of patron tax case, pre-opening costs, income tax expense, impairment charges, gains and losses from asset sales, stock-based compensation, litigation and other one-time legal settlements, gain on contractual debt reduction and acquisition costs, and include the Non-GAAP provision for income taxes, calculated as the tax-effect at 35% effective tax rate of the pre-tax non-GAAP income before taxes less stock-based compensation, because we believe that excluding such measures helps management and investors better understand our operating activities. While we were in litigation in the patron tax case, we also included patron taxes as an exclusion, but after settlement of the case, we no longer exclude patron taxes from net income.
    Adjusted EBITDA. We exclude from Adjusted EBITDA depreciation expense, amortization of intangibles, income tax, interest expense, interest income, gains and losses from asset sales, pre-opening costs, acquisition costs, litigation and other one-time legal settlements, gain on settlement of patron tax case, gain on contractual debt reduction and impairment charges because we believe that adjusting for such items helps management and investors better understand operating activities. Adjusted EBITDA provides a core operational performance measurement that compares results without the need to adjust for Federal, state and local taxes which have considerable variation between domestic jurisdictions. Also, we exclude interest cost in our calculation of Adjusted EBITDA. The results are, therefore, without consideration of financing alternatives of capital employed. We use Adjusted EBITDA as one guideline to assess our unleveraged performance return on our investments. Adjusted EBITDA is also the target benchmark for our acquisitions of nightclubs.
    Other Notes

    Starting with 1Q16, total revenues (including prior comparable periods) are being reported net of sales taxes and other revenue related taxes, RCI having chosen to early adopt new revenue accounting standards.
    Free cash flow is defined as cash flows from operating activities less maintenance capex.
    Unit counts are at period end.
    About RCI Hospitality Holdings, Inc. (RICK)

    With 43 units, RCI Hospitality Holdings, Inc., through its subsidiaries, is the country's leading company in gentlemen clubs and sports bars/restaurants. Clubs in New York City, Miami, Philadelphia, Charlotte, Dallas/Ft. Worth, Houston, Minneapolis, Indianapolis and other cities operate under brand names, such as "Rick's Cabaret," "XTC," "Club Onyx," "Vivid Cabaret," "Jaguars" and "Tootsie's Cabaret." Sports bars/restaurants operate under the brand name "Bombshells." Please visit http://www.rcihospitality.com/

    Forward-Looking Statements

    This press release may contain forward-looking statements that involve a number of risks and uncertainties that could cause the company's actual results to differ materially from those indicated in this press release, including the risks and uncertainties associated with operating and managing an adult business, the business climates in cities where it operates, the success or lack thereof in launching and building the company's businesses, risks and uncertainties related to cybersecurity, conditions relevant to real estate transactions, and numerous other factors such as laws governing the operation of adult entertainment businesses, competition and dependence on key personnel. The company has no obligation to update or revise the forward-looking statements to reflect the occurrence of future events or circumstances.



    RCI HOSPITALITY HOLDINGS, INC.
    CONSOLIDATED STATEMENTS OF INCOME

    FOR THE THREE MONTHS

    FOR THE SIX MONTHS

    ENDED MARCH 31,
    ENDED MARCH 31,
    (in thousands, except per share data)

    2016

    2015

    2016

    2015

    (UNAUDITED)

    (UNAUDITED)
    Revenues:

    Sales of alcoholic beverages

    $
    14,581

    $
    14,311

    $
    29,178

    $
    28,316
    Sales of food and merchandise

    4,609

    4,837

    8,943

    9,670
    Service revenues

    13,205

    13,847

    25,846

    27,376
    Other

    2,001

    1,994

    3,904

    3,832
    Total revenues

    34,396

    34,989

    67,871

    69,194

    Operating expenses:

    Cost of goods sold

    5,227

    5,381

    10,411

    10,492
    Salaries and wages

    7,917

    8,115

    16,052

    16,147
    Stock compensation

    120

    120

    240

    240
    Other general and administrative:

    Taxes and permits

    3,274

    3,288

    6,501

    6,399
    Charge card fees

    557

    544

    1,170

    1,091
    Rent

    859

    1,184

    1,807

    2,325
    Legal and professional

    982

    1,064

    2,087

    2,023
    Advertising and marketing

    1,225

    1,312

    2,530

    2,679
    Insurance

    907

    801

    1,781

    1,621
    Utilities

    694

    708

    1,404

    1,442
    Depreciation and amortization

    1,826

    1,886

    3,643

    3,531
    (Gain) loss on sale of property and marketable securities

    (127)

    (18)

    (127)

    (18)
    Impairment of assets

    -

    -

    -

    1,358
    Settlement of lawsuits and other one-time costs

    62

    10,303

    602

    10,550
    Other

    3,323

    2,917

    6,503

    5,790
    Total operating expenses

    26,846

    37,605

    54,604

    65,670
    Operating income (loss)

    7,550

    (2,616)

    13,267

    3,524

    Other income (expense):

    Interest income

    1

    26

    3

    39
    Interest expense

    (1,965)

    (1,783)

    (3,878)

    (3,402)
    Gain from acquisition of controlling interest in subsidiary

    -

    -

    -

    577
    Income (loss) before income taxes

    5,586

    (4,373)

    9,392

    738
    Income taxes (benefit)

    293

    (1,265)

    1,660

    581
    Net income (loss)

    5,293

    (3,108)

    7,732

    157
    Less: net loss attributable to noncontrolling interests

    212

    267

    325

    362
    Net income (loss) attributable to RCI Hospitality Holdings, Inc.

    $
    5,505

    $
    (2,841)

    $
    8,057

    $
    519

    Basic earnings (loss) per share attributable to RCIHH shareholders:

    Net income

    $
    0.55

    $
    (0.28)

    $
    0.79

    $
    0.05
    Diluted earnings (loss) per share attributable to RCIHH shareholders:

    Net income

    $
    0.54

    $
    (0.28)

    $
    0.78

    $
    0.05

    Weighted average number of common shares outstanding:

    Basic

    10,013

    10,275

    10,154

    10,269
    Diluted

    10,215

    10,275

    10,356

    10,273

    Dividends per share

    $
    0.03

    $
    -

    $
    0.03

    $
    -


    RCI HOSPITALITY HOLDINGS, INC.
    NON-GAAP FINANCIAL MEASURES

    FOR THE THREE MONTHS

    FOR THE SIX MONTHS

    FOR THE THREE MONTHS

    ENDED MARCH 31,

    ENDED MARCH 31,

    ENDED DECEMBER 31,
    ($ in thousands, except per share data)

    2016

    2015

    2016

    2015

    2015

    Reconciliation of GAAP net income to Adjusted EBITDA

    GAAP net income (loss)

    $5,505

    ($2,841)

    $8,057

    $519

    $2,552
    Income tax expense

    293

    (1,265)

    1,660

    581

    1,367
    Interest expense and income and gain on Drink Robust investment

    1,964

    1,757

    3,875

    2,786

    1,911
    Litigation and other one-time legal settlements

    62

    10,303

    602

    10,550

    540
    Pre-opening costs

    -

    268

    -

    328

    -
    Acquisition costs

    -

    95

    -

    178

    -
    Impairment of assets

    -

    -

    -

    1,358

    -
    Depreciation and amortization

    1,826

    1,886

    3,643

    3,531

    1,817
    Adjusted EBITDA

    $9,650

    $10,203

    $17,837

    $19,831

    $8,187

    Reconciliation of GAAP net income (loss) to non-GAAP net income

    GAAP net income (loss)

    $5,505

    ($2,841)

    $8,057

    $519

    $2,552
    Amortization of intangibles

    197

    336

    399

    579

    202
    Gain on Drink Robust investment

    -

    -

    -

    (577)

    -
    Stock-based compensation

    120

    120

    240

    240

    120
    Litigation and other one-time settlements

    62

    10,303

    602

    10,550

    540
    Pre-opening costs

    -

    268

    -

    328

    -
    Income tax expense

    293

    (1,265)

    1,660

    581

    1,367
    Acquisition costs

    -

    95

    -

    178

    -
    Impairment of assets

    -

    -

    -

    1,358

    -
    Non-GAAP provision for income taxes

    (2,120)

    (2,414)

    (3,751)

    (4,731)

    (1,673)
    Non-GAAP net income

    $4,057

    $4,602

    $7,207

    $9,025

    $3,108

    Reconciliation of GAAP diluted net income per share to non-GAAP diluted net income per share

    Fully diluted shares

    10,215

    10,275

    10,356

    10,273

    10,635
    GAAP net income (loss)

    $0.54

    ($0.28)

    $0.78

    $0.05

    $0.25
    Amortization of intangibles

    0.02

    0.03

    0.04

    0.06

    0.02
    Gain on Drink Robust investment

    -

    -

    -

    (0.06)

    -
    Stock-based compensation

    0.01

    0.01

    0.02

    0.02

    0.01
    Litigation and other one-time settlements

    0.01

    1.00

    0.06

    1.03

    0.05
    Pre-opening costs

    -

    0.03

    -

    0.03

    -
    Income tax expense

    0.03

    (0.12)

    0.16

    0.06

    0.13
    Acquisition costs

    -

    0.01

    -

    0.02

    -
    Impairment of assets

    -

    -

    -

    0.13

    -
    Non-GAAP provision for income taxes

    (0.21)

    (0.23)

    (0.36)

    (0.46)

    (0.16)
    Non-GAAP diluted net income per share

    $0.40

    $0.44

    $0.70

    $0.88

    $0.30

    Reconciliation of GAAP operating income to non-GAAP operating income

    GAAP operating income (loss)

    $7,550

    ($2,616)

    $13,267

    $3,524

    $5,717
    Amortization of intangibles

    197

    336

    399

    579

    202
    Stock-based compensation

    120

    120

    240

    240

    120
    Impairment of assets

    -

    -

    -

    1,358

    -
    Litigation and other one-time settlements

    62

    10,303

    602

    10,550

    540
    Pre-opening costs

    -

    268

    -

    328

    -
    Acquisition costs

    -

    95

    -

    178

    -
    Non-GAAP operating income

    $7,929

    $8,506

    $14,508

    $16,757

    $6,579

    Reconciliation of GAAP operating margin to non-GAAP operating margin

    GAAP operating income

    22.0%

    -7.5%

    19.5%

    5.1%

    17.1%
    Amortization of intangibles

    0.6%

    1.0%

    0.6%

    0.8%

    0.6%
    Stock-based compensation

    0.3%

    0.3%

    0.4%

    0.3%

    0.4%
    Impairment of assets

    0.0%

    0.0%

    0.0%

    2.0%

    0.0%
    Litigation and other one-time settlements

    0.2%

    29.4%

    0.9%

    15.2%

    1.6%
    Pre-opening costs

    0.0%

    0.8%

    0.0%

    0.5%

    0.0%
    Acquisition costs

    0.0%

    0.3%

    0.0%

    0.3%

    0.0%
    Non-GAAP operating margin

    23.1%

    24.3%

    21.4%

    24.2%

    19.7%


    RCI HOSPITALITY HOLDINGS, INC.
    SEGMENT INFORMATION

    FOR THE THREE MONTHS

    FOR THE SIX MONTHS

    ENDED MARCH 31,

    ENDED MARCH 31,
    (in thousands)

    2016

    2015

    2016

    2015

    Business segment sales:

    Nightclubs

    $
    29,062

    $
    29,916

    $
    57,514

    $
    59,030
    Bombshells

    4,629

    4,448

    9,008

    8,982
    Other

    705

    625

    1,349

    1,182

    $
    34,396

    $
    34,989

    $
    67,871

    $
    69,194

    Business segment operating income (loss):

    Nightclubs

    $
    9,734

    $
    (818)

    $
    18,195

    $
    6,836
    Bombshells

    643

    457

    1,245

    882
    Other

    (799)

    (724)

    (1,504)

    (1,189)
    General corporate

    (2,028)

    (1,531)

    (4,669)

    (3,005)

    $
    7,550

    $
    (2,616)

    $
    13,267

    $
    3,524

    Reconciliation of Nightclubs GAAP operating income to non-GAAP operating income

    Nightclubs operating income

    $
    9,734

    $
    (818)

    $
    18,195

    $
    6,836
    Impairment of assets

    -

    -

    -

    1,358
    Settlement of lawsuits and other one-time costs

    62

    10,303

    602

    10,550
    Nightclubs non-GAAP operating income

    $
    9,796

    $
    9,485

    $
    18,797

    $
    18,744

    Nightclubs non-GAAP operating margin

    33.7%

    31.7%

    32.7%

    31.8%

    Sentiment: Strong Buy

SONC
28.13-0.55(-1.92%)Aug 26 4:00 PMEDT