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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) reported a positive 2Q21, showcasing significant recovery amidst the COVID-19 pandemic. GAAP EPS reached $0.68, up from a loss of $0.37 in 2Q20, with total revenues of $44.1 million, a 9% increase. Nightclub revenues of $30.8 million and Bombshells' revenues of $13.1 million also reflected strong performance. Free cash flow was $9 million, with cash equivalents at $20.2 million. CEO Eric Langan noted trends are improving as COVID-19 restrictions ease, with sales exceeding $18 million in April.
RCI Hospitality Holdings, Inc. (Nasdaq: RICK) will file its 10-Q for the fiscal 2021 second quarter, ending March 31, 2021, after market close on May 10, 2021. A conference call will follow to discuss the results. RCI, a leader in gentlemen's clubs and sports bars/restaurants, operates over 40 units in major cities including New York, Chicago, and Houston. The company emphasizes its compliance with regulations in the adult entertainment sector and acknowledges risks such as operational challenges and the impact of COVID-19.
RCI Hospitality Holdings, Inc. (Nasdaq: RICK) reported a 9.5% increase in total club and restaurant sales to $43.5 million for 2Q21, compared to $39.8 million in 2Q20. Same-store sales grew by 26.3% to $16.9 million, driven mainly by the reopening of locations and increased customer traffic. Bombshells restaurants saw significant growth, with total sales increasing 49.5% to $13.2 million. CEO Eric Langan highlighted a strong cash position of approximately $20 million and ongoing expansion plans, including new Bombshells locations in Texas.
RCI Hospitality Holdings, Inc. (Nasdaq: RICK) declared a quarterly cash dividend of $0.04 per common share for the second quarter of Fiscal 2021, ending March 31, 2021. The dividend is payable on March 26, 2021, to shareholders recorded as of March 12, 2021, with an ex-dividend date of March 11, 2021. This dividend marks the company's 21st consecutive quarterly cash dividend, maintaining the same amount as the previous quarter's dividend.
RCI Hospitality Holdings, Inc. (Nasdaq: RICK) reported its fiscal 2021 Q1 results, revealing a GAAP EPS of $1.07 and non-GAAP EPS of $0.39. The results include a $4.9 million pre-tax gain from debt extinguishment. Total revenues reached $38.4 million, a 33% increase from Q4 2020, and 79% of Q1 2020 revenues. Nightclubs generated $25.2 million with a 33.7% operating margin, while Bombshells reported $13.0 million with a 20.9% margin. As of December 31, 2020, cash and cash equivalents stood at $17.0 million. The company remains optimistic about reopening clubs and potential acquisitions.
RCI Hospitality Holdings, Inc. (Nasdaq: RICK) is set to file its 10-Q report detailing financial results for the first quarter of fiscal 2021, ending on December 31, 2020. The filing will occur after market close on February 9, 2021, accompanied by a conference call at 4:30 PM ET. With over 40 units, RCI is a leader in gentlemen's clubs and sports bars, operating under various brand names across multiple major cities. This filing will provide investors with insights into the company's financial performance amid ongoing challenges, including the impact of the COVID-19 pandemic.
RCI Hospitality Holdings, Inc. (Nasdaq: RICK) reported its first-quarter fiscal 2021 results, showcasing a rebound from pandemic-related closures. Total club and restaurant sales reached $37.8 million, down 20.9% from $47.8 million in the previous year. Nightclub sales significantly declined by 33.7%, totaling $24.8 million, while Bombshells restaurants saw a positive growth of 25.4%, reaching $13.0 million. Despite operating restrictions, CEO Eric Langan expressed optimism about future sales and the opening of more locations as vaccine distribution progresses.
RCI Hospitality Holdings, Inc. (Nasdaq: RICK) has signed its first Franchise Development Agreement for Bombshells Restaurant & Bar, planning to open three locations in San Antonio, TX over five years, with options for three more in nearby cities. The franchise is backed by experienced Houston investors in retail and hospitality. With this agreement, Bombshells will expand into the four largest Texas cities, complementing its existing ten locations. The brand targets a family-friendly demographic and aims to significantly grow its franchise presence in Texas.
RCI Hospitality Holdings (RICK) reported Q4 2020 revenues of $28.8 million, a 96% increase from Q3 2020, though down from Q4 2019 due to COVID-19 impacts. The Bombshells segment achieved record revenues of $15.5 million and an operating margin of 32.7%. Nightclubs revenues reached $13.1 million, up 118% from Q3 2020. Free cash flow was $3.4 million, while GAAP EPS showed a loss of ($0.31). The company ended the quarter with $15.6 million in cash and cash equivalents and plans to pursue club acquisitions.
RCI Hospitality Holdings has declared a quarterly cash dividend of $0.04 per common share for the first fiscal quarter ending December 31, 2020. This dividend, payable on December 30, 2020, to shareholders of record on December 15, 2020, marks the company's 20th consecutive quarterly cash dividend, consistent with the previous quarter's amount. The ex-dividend date is set for December 14, 2020.