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, Inc. (Nasdaq: RICK) has successfully closed a $99.1 million fixed-rate real estate loan with favorable terms. This loan refinances $85.7 million of existing debt and provides $12.3 million to settle high-interest liabilities, facilitating the acquisition of 11 clubs announced on July 26, 2021. The refinancing will reduce interest and principal payments by $1.4 million and $3.8 million in the first year and eliminate future balloon payments of $7.1 million over the next 24 months.
RCI Hospitality Holdings, Inc. (Nasdaq: RICK) has announced a quarterly cash dividend of $0.04 per common share for the fourth quarter of Fiscal 2021, ending September 30, 2021. The dividend is payable on September 27, 2021 to shareholders on record as of September 13, 2021, with an ex-dividend date of September 10, 2021. This marks the company’s 23rd consecutive quarterly cash dividend, demonstrating a consistent return of value to shareholders.
RCI Hospitality Holdings, Inc. (Nasdaq: RICK) has signed definitive agreements to acquire The Mansion Gentlemen's Club and Steakhouse in Newburgh, NY, for a total of $3.5 million. The acquisition includes $500,000 in cash and $1 million in seller financing, with an additional $2 million for the real estate. The Mansion, renovated in 2018 and the only gentlemen's club with a liquor license in Orange County, is expected to close within 90 days, pending necessary permits and licenses. This acquisition aims to bolster RICK's market presence in the adult entertainment sector.
RCI Hospitality Holdings (Nasdaq: RICK) is set to participate in the Sidoti Virtual Investor Conference on August 18-19, 2021. Eric Langan, President and CEO, will present at 12:15 PM ET on August 19 and will host one-on-one meetings with investors on August 18 and 19. Registration is free and available to all interested parties. RCI is a leader in gentlemen's clubs and sports bars/restaurants with over 40 units across major U.S. cities.
RCI Hospitality Holdings, Inc. (Nasdaq: RICK) reported record third-quarter results for fiscal 2021, ending June 30. Total revenues reached $57.9 million, a significant increase from $14.7 million in the previous year. Nightclubs segment revenues surged 582.4% to $41.0 million, while Bombshells revenues rose 88.5% to $16.1 million. Net income stood at $12.3 million with an EPS of $1.37. The company announced plans to acquire 11 clubs for $88.0 million, furthering its growth strategy.
RCI Hospitality Holdings, Inc. (Nasdaq: RICK) will file its 10-Q report for Q3 fiscal 2021 on August 5, 2021, after market close. A conference call to discuss the financial results will occur at 5:00 PM ET, followed by an opportunity for investors to meet management at Rick's Cabaret New York at 7:00 PM ET. The company operates over 40 gentlemen's clubs and restaurants, making it a leader in this niche market.
RCI Hospitality Holdings (Nasdaq: RICK) has signed definitive agreements to acquire 11 adult nightclubs for $88 million. This deal includes nine clubs controlled by Troy Lowrie and six real estate properties. The acquisition, the largest in RCI's history, is expected to be accretive in the first year, with the clubs generating $40 million in revenue and $14 million in adjusted EBITDA for 2019. The estimated valuation of the clubs is approximately 5x their 2019 adjusted EBITDA. The transaction reflects RCI's strategy of expanding its geographic footprint.
RCI Hospitality Holdings, Inc. (Nasdaq: RICK) reported a significant rebound in sales for the fiscal 2021 third quarter, ending June 30, 2021. Total sales reached $56.7 million, up 296% from $14.3 million in the same quarter last year. Nightclubs generated $40.6 million (+602%) and Bombshells restaurants $16.1 million (+88.4%). Compared to 3Q19, total sales increased by 22.6%. The CEO attributed this success to lifted restrictions and a loyal customer base returning post-pandemic. Financial results for 3Q21 are expected to be reported on August 9.
RCI Hospitality Holdings (Nasdaq: RICK) announced that CFO Bradley Chhay will present at the LD Micro Invitational XI virtual investor conference on June 8, 2021, at 10:30 AM ET. The company will also be inducted into the LD Micro "Hall of Fame," recognizing its successful past performances. The three-day conference features about 180 companies presenting for 25 minutes each. Registration is free for investors, and a replay will be available. RCI operates over 40 units including gentlemen's clubs and restaurants across major U.S. markets.
RCI Hospitality Holdings, Inc. (Nasdaq: RICK) has declared a quarterly cash dividend of $0.04 per common share for the third quarter of Fiscal 2021, ending June 30, 2021. The dividend will be payable on June 25, 2021, to shareholders on record as of June 11, 2021, with an ex-dividend date of June 10, 2021. This announcement marks RCI's 22nd consecutive quarterly cash dividend, reflecting the company's ongoing commitment to returning value to its shareholders.