Rci Hospitality Stock Price, News & Analysis

RCI Hospitality Holdings (Nasdaq: RICK) will present virtually at the 24th Annual ICR Conference from January 10-12, 2022. CEO Eric Langan and CFO Bradley Chhay will discuss the company's growth strategy, focusing on the Bombshells Restaurant & Bar concept, which has doubled in size over five years. The presentation is set for January 10 at 4:30 PM ET. Investors can access the webcast and presentation materials online, and are encouraged to schedule one-on-one meetings with management during the event.

RCI Hospitality Holdings reported strong fiscal 2021 results, with total revenues of $195.3 million compared to $132.3 million in FY20. The fourth quarter saw revenues of $54.9 million, up from $28.8 million in 4Q20, and a net income of $2.3 million. The company's non-GAAP EPS was $4.08 versus $0.51 in the previous fiscal year. Operating margins improved significantly, reflecting recovery from COVID-19 impacts, despite facing challenges like inflation and labor issues. RCI plans to expand its club acquisitions and improve customer experience in FY22.

RCI Hospitality Holdings (Nasdaq: RICK) will file its 10-K and report 4Q21 and FY21 financial results on December 14, 2021, after market close. A conference call is scheduled for 4:30 PM ET on the same day, allowing investors to discuss the results with management. Following the call, investors are invited to meet management at Rick's Cabaret New York at 6:00 PM ET. The company operates over 50 gentlemen's clubs and sports bars/restaurants across major U.S. cities, enhancing its position in the adult entertainment industry.

Bombshells Restaurant & Bar opened its 11th location in Arlington, TX, on December 6, 2021, at 11 AM, marking its expansion in Dallas and Houston. This new site, located at 701 N. Watson Road, adds to existing locations in Dallas, Austin, and Houston. RCI Hospitality Holdings (RICK) has additional properties under contract in Grapevine and Rowlett, as well as a future franchise in San Antonio. The Arlington venue spans 11,000 square feet, seating over 400, and features advanced sports viewing technology. Bombshells is known for its military-themed decor and community involvement, providing a 20% discount for veterans.

RCI Hospitality Holdings, Inc. (Nasdaq: RICK) announced a quarterly cash dividend of $0.04 per common share for the first quarter of Fiscal 2022, ending December 31, 2021. This dividend is payable on December 29, 2021, to shareholders on record as of December 15, 2021, with the ex-dividend date being December 14, 2021. This announcement marks the company's 24th consecutive quarterly cash dividend, showcasing its commitment to returning value to shareholders.

RCI Hospitality Holdings, Inc. (RICK) announced that Tootsie’s Cabaret Miami will host a preview party featuring contemporary pop artist Todd Gray on December 2, 2021. The event aligns with the Miami Art Fair week, taking place from November 30 to December 5. Guests will witness live body painting by Gray and view original artworks, including a repainting of the club's iconic dolphin sculpture. This initiative aims to enhance Tootsie’s involvement in the local art community, showcasing its long-standing cultural presence in Miami.

RCI Hospitality Holdings, Inc. (Nasdaq: RICK) has officially closed the acquisition of The Mansion Gentlemen's Club and Steakhouse located in Newburgh, NY, along with its real estate. This acquisition enhances RCI's portfolio, expanding its presence in New York State. The club, renovated in 2018 and operational for nine years, is uniquely positioned as the only gentlemen's club with a liquor license in Orange County, a rapidly growing area. Financial terms of the deal remain undisclosed but consistent with previous announcements.

On November 11, 2021, all 10 Bombshells Restaurant & Bar locations in Texas will offer free meals to veterans, with active service members and their families receiving a 20% discount. The initiative aims to honor those who have served, as stated by the Director of Restaurant Operations, David Simmons. To qualify, veterans must present valid military ID. Additionally, Bombshells will launch a social media campaign to highlight this appreciation effort. The restaurant chain is owned by RCI Hospitality Holdings (Nasdaq: RICK) and features a military-themed atmosphere across its locations.

On October 19, 2021, RCI Hospitality Holdings (Nasdaq: RICK) finalized the acquisition of 11 adult nightclubs across six states, along with their intellectual property and six associated properties. This acquisition increases RCI's unit count by 23%, totaling 58 locations. The new clubs generated approximately $40 million in revenue and $14 million in adjusted EBITDA for the year ended December 31, 2019. RCI plans to invest $3 million in capital expenditures for revitalization, expected to enhance earnings and cash flow from the acquired properties.