Rci Hospitality Stock Price, News & Analysis

RCI Hospitality Holdings, Inc. (RICK) reported impressive financial results for Q2 2022, with total revenues reaching $63.7 million, a 44.6% year-over-year increase. EPS rose to $1.15, marking a 69.1% increase. Non-GAAP EPS showed even greater growth, hitting $1.19, up 58.0%. The company ended the quarter with $38.1 million in cash, and continued expansion efforts are underway including new acquisitions and Bombshells locations. Conference call scheduled for today at 4:30 PM ET via Twitter Spaces.

RCI Hospitality Holdings, Inc. (Nasdaq: RICK) will hold its 2Q22 conference call on Twitter Spaces on May 9th at 4:30 PM ET, becoming the first public company to utilize this platform for an earnings call. The earnings release and 10-Q filing for the quarter ending March 31 will precede the call. Afterward, investors can meet management at Tootsie's Cabaret in Miami. The company highlights its strategy of leveraging technology, including accepting Bitcoin and launching the Tip-N-Strip NFT program.

RCI Hospitality Holdings, Inc. (Nasdaq: RICK) has signed its second franchise development agreement for Bombshells Restaurant & Bar, aiming to open three locations in Alabama over the next five years, starting with Huntsville. This partnership is with entrepreneur Jerry Westlund, who owns multiple hospitality venues across the South. RCI currently operates 11 Bombshells in Texas, generating over $60 million in sales in the past year. This franchise expansion marks a significant step for RCI as it seeks to grow its brand outside Texas.

RCI Hospitality Holdings, Inc. (Nasdaq: RICK) has opened the first Rick's Steakhouse and Lounge at Scarlett's Cabaret Miami. This upscale venue features high-end dining along with a lounge, positioned between Fort Lauderdale and Miami. The 3,000 square foot restaurant can seat 150 guests and is unique for accepting Bitcoin. Open from 8 PM to 5 AM, Wednesday through Saturday, the steakhouse is supervised by Executive Chef Bryan Doell. Key menu highlights include premium Angus steaks and seafood. Designed with a luxurious décor, Rick's aims to provide a relaxed atmosphere for both its own clientele and Scarlett's guests.

RCI Hospitality Holdings, Inc. (Nasdaq: RICK) will host its 2Q22 earnings call via Twitter Spaces, marking the first time a company will utilize this platform for such an event. Scheduled for May 9 or 10, 2022, at 4:30 PM ET, this innovative approach aims to enhance shareholder engagement. The company will file its 10-Q report for the fiscal quarter ending March 31, 2022, post-market closure on the day of the call. Concurrently, investors can connect with management at Tootsie's Cabaret in Miami following the call.

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.