Rci Hospitality Stock Price, News & Analysis

RCI Hospitality Holdings (Nasdaq: RICK) has been indicted by the New York Attorney General along with two executives, three employees, and three clubs on state charges alleging non-payment of sales taxes and bribery of a state sales tax auditor. Through their legal counsel, Daniel J. Horwitz, the company issued a statement denying all allegations and expressing disappointment with the Attorney General's decision.

The company emphasized that no company executive or employee personally benefited from the alleged charges. RCI had previously disclosed the investigation in its SEC filings and maintains a policy of paying all legitimate and non-contested taxes. All three New York City clubs remain operational while the company pursues its legal defense.

RCI Hospitality Holdings (Nasdaq: RICK) has declared its 39th consecutive quarterly cash dividend of $0.07 per common share for the fiscal 2025 fourth quarter. The dividend will be paid on September 30, 2025, to shareholders of record as of September 16, 2025. This continues RCI's consistent dividend payment history since its initiation in fiscal 2016's second quarter.

RCI Hospitality Holdings (Nasdaq: RICK) announced that its Rick's Cabaret locations in Chicago and Denver have received prestigious industry recognition at the Annual Gentlemen's Club EXPO awards in Las Vegas. The Chicago location was named Club of the Year in the Central Region, while the Denver venue earned Club of the Year in the Western Region.

The awards, determined by votes from approximately 3,000 industry professionals, were presented at the Criss Angel Theater in Planet Hollywood Las Vegas Resort & Casino. Ed Anakar, President of RCI Management Services, highlighted the successful rebranding efforts and dedication to high-quality service that transformed these venues into market leaders.

RCI Hospitality Holdings (NASDAQ: RICK) has announced expanded operating hours for its Rick's Cabaret & Steakhouse in Central City, Colorado. The upscale venue will now operate Thursday through Sunday from 4:00 p.m. to 4:00 a.m., extending from its previous schedule of Thursday through Saturday starting at 6:00 p.m.

The expansion comes in response to increased guest traffic since the venue's June opening in Central City's historic district. The three-story establishment features a high-end nightclub with entertainers, a fine dining steakhouse, and combines historic elegance with modern luxury in the Central City-Black Hawk gaming corridor.

RCI Hospitality Holdings (Nasdaq: RICK) reported fiscal 3Q25 results with total revenues of $71.1M, down from $76.2M in 3Q24. The company posted EPS of $0.46 compared to $(0.56) in the prior year. The Nightclubs segment revenue was $62.3M, declining 0.8% year-over-year, while Bombshells segment revenue fell 34.5% to $8.6M.

During Q3, RCI continued its Back to Basics 5-Year Capital Allocation Plan with strategic acquisitions: Platinum West in South Carolina ($8M), Platinum Plus in Pennsylvania ($2M), and opened new locations including Rick's Cabaret in Colorado. The company also repurchased 75,325 shares for $3M and maintained active expansion with a new Bombshells opening in Lubbock, TX in early July.

RCI Hospitality Holdings (Nasdaq: RICK) has announced its upcoming fiscal 2025 third quarter earnings conference call, scheduled for Monday, August 11, 2025, at 4:30 PM ET. The company will release its financial results and 10-Q filing for the quarter ended June 30, 2025, after market close on the same day.

The earnings call will be hosted exclusively on X Spaces by CEO Eric Langan, CFO Bradley Chhay, and Mark Moran of Equity Animal. Participants who wish to ask questions must join via a mobile device, while those who want to listen only can access through a computer. The presentation materials will be available on RCI's investor relations website.

RCI Hospitality Holdings (NASDAQ: RICK) reported fiscal 3Q25 club and restaurant sales, with combined revenues of $70.5 million, representing a 6.7% year-over-year decline. Nightclubs segment showed resilience with $61.9 million in sales (-0.8% YoY), while Bombshells segment recorded $8.6 million (-34.6% YoY).

The company added four new nightclub locations contributing $2.3 million in sales, including acquisitions in Detroit, South Carolina, Pennsylvania, and a new opening in Colorado. Same-store sales declined 3.7% for Nightclubs and 13.5% for Bombshells. Year-to-date combined sales reached $206.7 million, down 6.3% compared to 9M24.

RCI Hospitality Holdings (NASDAQ: RICK) has opened its newest Bombshells Restaurant & Bar location in Lubbock, Texas. The 8,500-square-foot venue, featuring a 3,200-square-foot covered patio, is strategically located near Milwaukee Avenue and Texas State Highway 327 Spur.

The new location has hired over 110 team members, including 60 servers, 15 bartenders, and 10 hosts. The sports-themed restaurant features a 17.5-foot video wall, 90 65-inch HDTVs, and 32-inch HDTVs in booths. This marks the 12th Bombshells location in Texas, known for its military-themed decor and offering a 20% discount to veterans and active service members.

The venue operates from 11:00 a.m. to 2:00 a.m., offering lunch, happy hour, dinner, and late-night entertainment with live DJs. The restaurant features a full bar, 20 draft beers, and an extensive menu of American cuisine.

RCI Hospitality Holdings (NASDAQ: RICK) has announced the opening of Rick's Cabaret & Steakhouse in Central City, Colorado's historic district. The three-story venue, located at 130 Main Street, combines a high-end nightclub and fine dining restaurant, bringing Las Vegas-style entertainment to the Central City-Black Hawk gaming area.

The venue will operate Thursday through Saturday from 6:00 PM to 4:00 AM, with steakhouse service until 3:00 AM. The opening coincides with Central City's Stills in the Hills festival and the Central City Opera's season opening, strategically positioning the venue in this historic gaming and entertainment district.