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. (Nasdaq: RICK) is a multi‑location operator of adult nightclubs and sports bar‑restaurant concepts in the arts, entertainment, and recreation sector. Through its Nightclubs, Bombshells, and Other segments, the company reports that it has more than 60 locations and describes itself as the country’s leading company in adult nightclubs and sports bars‑restaurants. The news flow around RCI provides insight into sales trends, portfolio changes, financing decisions, and legal developments affecting the business.
On this page, readers can follow RICK stock news related to quarterly and annual club and restaurant sales updates, including separate figures for Nightclubs and Bombshells, same‑store sales performance, and contributions from newly acquired or opened locations. RCI’s releases often highlight acquisitions of clubs in new markets, openings of Bombshells units in cities such as Denver and Lubbock, reformatting of existing venues like XTC 2.0 in Dallas, and the closing or divestiture of underperforming or non‑income producing properties.
News coverage also includes information on RCI’s “Back to Basics” 5‑Year Capital Allocation Plan, which the company links to asset sales, debt management, share repurchases, partnerships with experienced club operators, and development projects such as new Bombshells locations and the rebuilding or renovation of club properties. Investors can see how these actions relate to free cash flow, debt levels, and share count over time, as described in company communications.
In addition, RCI issues releases on recurring cash dividends, changes in executive leadership, and legal matters such as the New York state indictment involving the company, certain executives, employees, and New York City club subsidiaries. Together, these updates provide a detailed view of operational performance, capital allocation, governance, and regulatory context for RCI Hospitality Holdings, Inc.
RCI Hospitality Holdings, Inc. (Nasdaq: RICK) has declared a quarterly cash dividend of $0.05 per common share for Q4 2022, payable on September 27, 2022. This dividend is for the fiscal fourth quarter ending September 30, 2022, with a record date of September 13, 2022 and an ex-dividend date on September 12, 2022. Notably, this marks the company's 27th consecutive quarterly cash dividend, demonstrating a commitment to returning value to shareholders.
RCI Hospitality Holdings, Inc. (Nasdaq: RICK) announced that Tootsie's Cabaret Miami has been awarded "Overall Club of the Year" at the 2022 Gentlemen's Club EXPO held in Las Vegas. The award is based on votes from around 3,000 industry professionals. President Ed Anakar highlighted the club's significant upgrades in lighting and sound before and during the pandemic, contributing to its success. Tootsie's features a large stage and diverse entertainment options, appealing to a wide audience as South Florida attracts more visitors and residents.
RCI Hospitality Holdings, Inc. (Nasdaq: RICK) reported strong financial results for the third quarter of fiscal 2022, with total revenues of $70.7 million, a 22.2% increase year-over-year. EPS rose 8% to $1.48, while non-GAAP EPS surged 18% to $1.60. Free cash flow reached $18 million, up 39.1% from the previous year. The Nightclubs segment saw a 33.3% revenue increase, generating $54.7 million. Despite Bombshells' slight revenue decline of 1.8%, the overall performance reflects a significant rebound in operations post-COVID. The company also confirmed ongoing share buybacks and expansion activities.
RCI Hospitality Holdings, Inc. (Nasdaq: RICK) will announce its fiscal 2022 third quarter financial results on August 9, after market close. The company will host a conference call at 4:30 PM ET, followed by a Meet Management event at 7 PM ET at Rick's Cabaret New York. Key executives, including President & CEO Eric Langan, will participate in a Twitter Spaces session for Q&A. Interested investors can RSVP via email and listen to the live call at a dedicated link. RCI operates adult nightclubs and sports bars across major cities in the U.S.
RCI Hospitality Holdings, Inc. (Nasdaq: RICK) has finalized its acquisition of the Cheetah Gentlemen's Club in Hallandale Beach, Florida, along with its real estate. The deal, costing $10 million in cash plus $15 million in seller financing, marks RCI's 15th acquisition this fiscal year, bringing its total to 52 clubs. The Cheetah club is expected to generate approximately $4 million in adjusted EBITDA. Located on a 2.2-acre property, the club enhances RCI's South Florida presence alongside other brand-name clubs.
RCI Hospitality Holdings, Inc. (Nasdaq: RICK) has completed acquisition agreements to open a new adult nightclub, PT's Showclub, in Ector County, TX, for $1.8 million. This will be the 14th location acquired this fiscal year and increases RCI's portfolio to 51 clubs. The new club is strategically located off State Highway Loop 338, aiming to attract a different market segment compared to existing brands in the area. It is expected to contribute to financial results by the end of September 2022.
RCI Hospitality Holdings (Nasdaq: RICK) reported preliminary sales of $70.1 million for 3Q22, marking a year-over-year increase of 23.7%. Nightclubs generated $54.3 million in sales, up 33.8%, while Bombshells saw a slight decline of 1.9% to $15.8 million. The company repurchased 168,069 shares for a total of $9.2 million during the quarter. RCI's CEO noted that this quarter was the first unaffected by COVID-19 since Q1 2020, with cash reserves of $37.5 million bolstering investor confidence.
RCI Hospitality Holdings, Inc. (Nasdaq: RICK) will announce its fiscal third-quarter sales for Nightclubs and Bombshells restaurants on July 12, 2022, before the market opens. A Twitter Spaces conference call hosted by Eric Langan, RCI's President & CEO, will take place at 10:30 AM ET, co-hosted by WOLF Financial and Mark Moran. The call can be accessed via Twitter Spaces. A replay will be available immediately after the call.
RCI Hospitality Holdings, Inc. (Nasdaq: RICK) has launched its first franchised Bombshells Restaurant & Bar in San Antonio, Texas, known for its military community. Situated at 8410 Texas Highway 151, this location employs 250 people and serves as the 12th unit in Texas. The restaurant boasts 9,000 square feet of indoor space and 3,200 square feet outdoors, with seating for over 500. Bombshells offers a unique dining experience complete with military-themed decor, a full bar, and various food options. The chain plans to expand with three more company-owned locations and one franchise.
RCI Hospitality Holdings, Inc. (Nasdaq: RICK) has declared a quarterly cash dividend of $0.05 per common share for the third quarter of Fiscal 2022, ending June 30, 2022. The dividend will be payable on June 29, 2022, to holders of record as of June 15, 2022, with an ex-dividend date of June 14, 2022. This marks the company's 26th consecutive quarterly cash dividend, reflecting its commitment to returning value to shareholders.