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Bad Forecasts · Management

Rick’s Cabaret owner RCI’s excuse for late financial reports: Our other reports were late.

by CranDiscuss

We haven’t checked in on our favorite strip club stock lately so I thought I’d just see what they were up to. Apparently, they had some issues filing reports over the summer. Whoops.

RCI’s overdue reports became a chain reaction. Here’s how the excuses piled up before it regained Nasdaq filing compliance in May.

December 15, 2025: More audit work. RCI blamed its late annual report on additional audit procedures connected to the New York indictment.

February 9, 2026: Still waiting on that annual report. RCI said it couldn’t finish the December-quarter report because the annual report remained unfinished.

May 11: The earlier delays made us late again. The annual report arrived March 19; the December-quarter report, May 7. That left a “late start” on the March-quarter report. RCI said it hadn’t had “sufficient time.”

Its May 11 release announced restored Nasdaq filing compliance—and the next delay. Same release. It didn’t expect to meet the extension period, either.

June 1: Finally, the cure. RCI announced it had filed the March-quarter report May 28. Nasdaq restored filing compliance May 29.

Filed underRCIRCI HospitalityRick's
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Super Micro blasted by their auditors on the way out

by Lew2 comments

Wow. In the strongest statement I’ve seen in a long time by an auditor, Ernst and Young has resigned as Super Micro Computer’s auditing firm saying that it is “unwilling to be associated with the financial statements prepared by management.”

This happens just six days ahead of their earnings November 5, which the company has reiterated will still take place.

Filed underSuper Micro
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Janus International Group’s stock is in freefall after bad quarter & bad guidance

by LewDiscuss

Q3 earnings are out and storage building company Janus International saw its sales fall 18% from last year. Its EPS was half of what analysts were expecting and it completely the triple crown by guiding this year’s full revenue forecast from over 1 billion to $917.5. Good thing they were able to squeeze in that extra 500k.

The stock has continued falling from -16% pre-market to a nice red -31% currently.

Oof
Filed underJanus International Group
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HelloFreefall

by LewDiscuss

Sponsoring every podcast in existence must not be what it used to be. Shares of meal kit delivery service HelloFresh have shed 42% of their value on a weak 2024 forecast and the retraction of its 2025 targets. Deutsche Bank calls the report “disappointing” while UBS bemoans that the guidance is “far worse” than anticipated.

This caps off a disastrous two-year period where the share price has fallen from €90 to €6.70 today.

Source: CNBC

Filed underHelloFresh
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