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) 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.
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RCI Hospitality Holdings, Inc. (Nasdaq: RICK) reported strong sales for the first quarter of fiscal 2022, reaching $61.1 million, a 61.6% increase compared to the same period last year. The Nightclubs segment saw $46.3 million in sales, up 86.6%, while Bombshells restaurants generated $14.8 million, a 13.8% increase. The results benefited from the opening of new locations, including the 11th Bombshells in Arlington, TX. The company expects to report full financial results by February 9. Potential impacts from the Omicron variant were minimally felt during this quarter.
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.