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. reports company developments for an operating business built around adult nightclubs and Bombshells sports bars-restaurants. Updates commonly cover quarterly and annual results, segment sales, same-store performance, club acquisitions and openings, location closures or reformatting, and revenue mix across service, alcoholic beverages, food, merchandise, and other categories.
Recurring releases also address capital allocation, including cash dividends and share repurchase authorizations, as well as SEC report timing, Nasdaq compliance notices, and conference-call materials tied to Form 10-K and Form 10-Q filings. The company’s disclosures distinguish nightclub operations from the Bombshells restaurant and sports-bar concept and may exclude non-core operations from preliminary sales releases.
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.
Summary not available.
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.
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.