Rci Hospitality Stock Price, News & Analysis

RCI Hospitality Holdings, Inc. (Nasdaq: RICK) announced that CEO Eric Langan and CFO Bradley Chhay will present at Noble Capital Markets' 18th Annual Investor Conference on April 20-21, 2022. RCI's presentation is set for April 20 at 2 PM ET. Investors can access a PDF of the presentation through RCI's investor relations page and view a video webcast the following day. Management will also be available for breakout sessions on both days. Registration for the conference is free, and further details can be found on Noble's website.

RCI Hospitality Holdings, Inc. (Nasdaq: RICK) reported strong financial performance for the fiscal 2022 second quarter, with total club and restaurant sales reaching $63.0 million, a 44.8% increase from the previous year. March alone saw record sales of $24 million. The company noted rebound in northern clubs and success from recent acquisitions, yielding approximately $8.4 million in sales. Ongoing share buybacks amounted to $3.4 million. New locations and the acceptance of Bitcoin at select clubs were highlighted as strategic advancements.

On April 6, 2022, RCI Hospitality Holdings, Inc. (Nasdaq: RICK) launched a guest benefits program called Tip-N-Strip through its subsidiary RCI Development Services. Initially available at 36 club locations, this program requires the purchase of a Tip-N-Strip NFT for membership. Benefits include free admission for holders and guests at all participating locations, access to private events, and an Annual Holder's Party in Miami. The NFT collection features 10,000 unique 3D artworks, with rarity determining utility. The NFT will be available on Tip-N-Strip.io in late June.

RCI Hospitality Holdings, Inc. (Nasdaq: RICK) announced that its subsidiaries, Tootsie's Cabaret and Scarlett's Cabaret Miami, will start accepting Bitcoin as payment. This initiative allows guests to use Bitcoin wallet apps for transactions, which will be converted to cash. Eric Langan, President and CEO, emphasized the strategic timing aligned with the growing acceptance of Bitcoin and upcoming events like the Bitcoin 2022 conference in Miami. The pilot program may expand to other subsidiaries in the future.

RCI Hospitality Holdings, Inc. (Nasdaq: RICK) announced a 25% increase in its quarterly cash dividend, raising it from $0.04 to $0.05 per share for the second fiscal quarter ending March 31, 2022. This new rate establishes an annualized dividend of $0.20 per share and marks the company's 25th consecutive quarterly cash dividend. The dividend will be payable on March 29, 2022, to shareholders on record as of March 15, 2022, with the ex-dividend date set for March 14, 2022.

RCI Hospitality Holdings, Inc. (Nasdaq: RICK) announced its fiscal 2022 Q1 results, reporting total revenues of $61.8 million, a significant increase from $38.4 million in Q1 2021. Earnings per share (EPS) rose to $1.12, surpassing last year's $1.07. Key highlights include a net income of $10.6 million and adjusted EBITDA of $18.0 million. The company experienced strong performance from its nightclub and Bombshells segments, with recent acquisitions contributing to revenue growth. RCI expects continued progress and strategic acquisitions moving forward.

RCI Hospitality Holdings, Inc. (Nasdaq: RICK) will file its 10-Q and report Q1 fiscal 2022 results for the period ending December 31, 2021, post-market on February 9, 2022. A conference call is scheduled for the same day at 4:30 PM ET, with a live meeting for investors at Rick's Cabaret New York at 6:00 PM ET. RCI operates more than 50 clubs nationwide, specializing in gentlemen's clubs and sports bars/restaurants, with a focus on adult entertainment and hospitality.

On January 26, 2022, RCI Hospitality Holdings, Inc. (Nasdaq: RICK) announced the successful closing of an $18.74 million commercial bank real estate loan. With a fixed rate of 5.25% and a term of 10 years, the loan features a 20-year amortization schedule and is secured by 11 properties acquired primarily through cash. CEO Eric Langan expressed satisfaction with the loan, highlighting its role in enhancing working capital under favorable terms.

RCI Hospitality Holdings (Nasdaq: RICK) will present at the Sidoti Virtual Winter Small-Cap Conference on January 19 at 2:30 PM ET. CEO Eric Langan and CFO Bradley Chhay will lead the presentation and participate in one-on-one meetings on January 19-20. Interested parties can register for the virtual event for free, with no requirement to be a Sidoti client. The company operates over 50 venues, including gentlemen's clubs and sports bars, in major cities across the U.S.