Welcome to our dedicated page for Rci Hospitality news (Ticker: RICK), a resource for investors and traders seeking the latest updates and insights on Rci Hospitality stock.
RCI Hospitality Holdings, Inc. reports company developments for an operating business built around adult nightclubs and Bombshells sports bars-restaurants. Updates commonly cover quarterly and annual results, segment sales, same-store performance, club acquisitions and openings, location closures or reformatting, and revenue mix across service, alcoholic beverages, food, merchandise, and other categories.
Recurring releases also address capital allocation, including cash dividends and share repurchase authorizations, as well as SEC report timing, Nasdaq compliance notices, and conference-call materials tied to Form 10-K and Form 10-Q filings. The company’s disclosures distinguish nightclub operations from the Bombshells restaurant and sports-bar concept and may exclude non-core operations from preliminary sales releases.
Summary not available.
RCI Hospitality Holdings, Inc. (Nasdaq: RICK) reported a strong performance for fiscal 2Q23, with $70.8 million in sales from Nightclubs and Bombshells restaurants, reflecting a 12.3% year-over-year increase. Nightclubs contributed $56.6 million, marking an 18.6% rise, while Bombshells saw $14.3 million in sales, down 7.1% YoY. Organic growth, strategic acquisitions, and improved sales at pre-FY22 clubs supported nightclub revenue. However, Bombshells faced challenges, including tough comparisons due to prior strong performance and local conditions affecting specific venues. Future financial results will be detailed on or around May 10, 2023.
RCI Hospitality Holdings, Inc. (Nasdaq: RICK) has completed the acquisition of two Baby Dolls and three Chicas Locas adult nightclubs, along with their real estate, in the Dallas-Fort Worth and Houston markets. This $66.5 million transaction marks RCI's second largest acquisition and one of the largest in the adult nightclub industry. The payment structure includes $25 million in cash, $25.5 million in seller financing notes, and 200,000 shares of common stock valued at $16 million. The acquired clubs are expected to generate approximately $11 million in adjusted EBITDA in year one, potentially rising to $14-16 million after renovations.
RCI Hospitality Holdings, Inc. (Nasdaq: RICK) has announced a 20% increase in its quarterly cash dividend, raising it from $0.05 to $0.06 per share. This increase marks the company’s 29th consecutive quarterly dividend. The dividend for the fiscal 2023 second quarter, ending on March 31, 2023, is set to be paid on March 29, 2023, to shareholders recorded by March 15, 2023. The ex-dividend date will be March 14, 2023, underscoring RCI's commitment to returning value to its shareholders.
RCI Hospitality Holdings, Inc. (NASDAQ: RICK) reported its fiscal 2023 Q1 results, posting total revenues of $70.0 million, a 13.2% increase year-over-year. The company achieved an EPS of $1.11, down 0.9%, while non-GAAP EPS rose 8.2% to $1.19. Net cash from operating activities decreased 8.4% to $14.9 million, and free cash flow was down 14.6% at $13.0 million. Adjusted EBITDA increased 13.9% to $20.5 million. The report highlighted a 21.4% increase in Nightclubs operating income, despite challenges faced by Bombshells. The company ended the quarter with $34.1 million in cash.
RCI Hospitality Holdings, Inc. (Nasdaq: RICK) will file its 10-Q and announce its fiscal 2023 Q1 financial results on February 9, 2023, after market close. A conference call will take place on Twitter Spaces at 4:30 PM ET, hosted by President & CEO Eric Langan and CFO Bradley Chhay. Investors can meet with management at Rick's Cabaret New York at 7:00 PM ET, with RSVP required. RCI operates over 60 adult nightclub and sports bar restaurants nationwide, positioning itself as a leader in the industry.
RCI Hospitality Holdings reported $69.2 million in sales for its Nightclubs and Bombshells restaurants for the fiscal first quarter ended December 31, 2022, marking a 13.3% year-over-year increase. Nightclub sales were strong, benefiting from acquisitions and increased VIP spending, while Bombshells faced challenging comparisons. The average unit volume for Bombshells reached $1.2 million, up 5.2% compared to pre-COVID levels. Full financial results are anticipated by February 9.
RCI Hospitality Holdings, Inc. (Nasdaq: RICK) announced that CEO Eric Langan and CFO Bradley Chhay will participate in the Granite Research Virtual Conference on January 11 and 12, 2023, starting at 10 AM ET. They will be available for one-on-one and group meetings by appointment. Interested parties can schedule meetings by contacting Rob McGuire or Gary Fishman via email. RCI Hospitality operates more than 60 adult nightclubs and sports bars/restaurants in the U.S.
RCI Hospitality Holdings, Inc. (Nasdaq: RICK) celebrates the grand opening of its new Jaguars Club in San Antonio, TX, scheduled from 9 PM to 5 AM. This 10,000 square-foot BYOB adult nightclub, formerly Rick's Cabaret, features a complete renovation with advanced sound and lighting systems. Regional Manager Wayne Fenlon emphasized the club's aim to provide top-tier entertainment and service. The venue, part of the nine-unit Jaguars Club brand, is conveniently located near the San Antonio International Airport and downtown attractions.
RCI Hospitality Holdings, Inc. (Nasdaq: RICK) has acquired a food hall with a full-service bar, brewery, and video game arcade in Greenwood Village, CO, for $5.2 million. This includes $1.875 million in cash and a 5-year, 6.67% bank financing note. The facility spans 12,500 square feet and will offer diverse food options. Additionally, RCI plans to introduce its Bombshells kitchen and craft beers, enhancing brand differentiation in Colorado. This acquisition aligns with RCI's overall expansion strategy in the Denver area.