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. (RICK) operates a diversified portfolio of upscale gentlemen's clubs, themed restaurants, and digital engagement platforms. This news hub provides investors and industry observers with essential updates on corporate developments, strategic acquisitions, and operational milestones across its Nightclubs and Bombshells segments.
Access verified press releases and financial announcements covering earnings reports, venue expansions, and digital initiatives like Favoritely.com. Our curated collection serves as a reliable resource for tracking RICK's market consolidation strategy and regulatory developments in the adult entertainment hospitality sector.
Key updates include management changes, share repurchase programs, and operational enhancements across Rick's Cabaret, Club Onyx, and other branded locations. Content spans liquor license approvals, entertainment partnerships, and corporate governance matters – all critical for assessing the company's position in a high-barrier industry.
Bookmark this page for streamlined access to RICK's latest business developments. Check regularly for updates on venue acquisitions, same-store performance trends, and technological integrations that drive the company's unique blend of adult entertainment and hospitality services.
RCI Hospitality Holdings (Nasdaq: RICK) announced major wins at the Annual Gentlemen's Club EXPO in Dallas. Scarlett's Cabaret Miami was named "Overall Club of the Year", while Country Rock Cabaret St. Louis won "Small Club of the Year" in the Midwest Region. Additionally, Heidi Santanello of Diamond Cabaret St. Louis was honored as "General Manager of the Year".
These awards, based on voting by approximately 3,000 industry professionals, highlight RCI's excellence in hospitality and entertainment. Scarlett's Cabaret Miami, opened in 1998, is renowned as a premier South Florida cabaret/nightclub hybrid with a top-rated steakhouse. Country Rock St. Louis offers a relaxed atmosphere near downtown, while Santanello's 33-year industry experience contributes to her success as a compassionate and dedicated GM.
RCI Hospitality Holdings (Nasdaq: RICK) reported fiscal 2024 third quarter results for the period ended June 30, 2024. Key highlights include:
- Total revenues of $76.2 million, down slightly from $77.1 million in 3Q23
- Net loss of $5.2 million compared to net income of $9.1 million in 3Q23
- Non-GAAP EPS of $1.35, up from $1.30 in 3Q23
- Free cash flow of $13.8 million, down from $14.3 million in 3Q23
The company repurchased 202,630 shares for $9.2 million in 3Q24 and an additional 133,244 shares for $6.0 million after quarter-end. Nightclubs segment revenue increased 0.6% to $62.8 million, while Bombshells segment revenue decreased 8.7% to $13.1 million. The company recorded non-cash impairments of $17.9 million related to clubs and Bombshells locations.
RCI Hospitality Holdings, Inc. (Nasdaq: RICK) has announced plans to release its fiscal 2024 third quarter financial results on Thursday, August 8, 2024, after market close. The company will host an exclusive X Spaces conference call to discuss the results, featuring CEO Eric Langan, CFO Bradley Chhay, and Mark Moran of Equity Animal.
Key points:
- 10-Q filing and financial results for the quarter ended June 30, 2024
- X Spaces call link provided (X login required)
- Presentation available on RCI Hospitality website
- Q&A participation requires joining via mobile device
- Listen-only option available on computers
- No alternative telephone or webcast access
RCI Hospitality Holdings (RICK) reported its fiscal third-quarter 2024 sales. Nightclubs saw a 0.7% YoY increase to $62.4 million, driven by a 1.7% same-store sales growth and new club openings. Bombshells experienced an 8.9% YoY decline to $13.1 million due to a 16.2% same-store sales decrease. Total combined sales dipped by 1.1% YoY, totaling $75.5 million. Sequentially, Nightclubs and Bombshells reported sales increases of 5.9% and 2.7%, respectively. RCI also announced a $25 million increase in its share buyback program, the withdrawal of its Colorado casino license applications, and an update on post-Hurricane Beryl operations. CEO Eric Langan emphasized the company's focus on core businesses, cost-cutting, and optimizing locations. RCI opened two new locations in FY24 and is working on five more openings. Full 3Q24 financial results are expected by August 8, 2024.
RCI Hospitality Holdings (Nasdaq: RICK) announced a quarterly cash dividend of $0.06 per common share for the fiscal 2024 third quarter, ending June 30, 2024.
The dividend is payable on June 28, 2024, to shareholders on record as of June 14, 2024, with an ex-dividend date of June 13, 2024.
This marks the company's 34th consecutive quarterly cash dividend, demonstrating consistent returns to shareholders.
RCI Hospitality Holdings (Nasdaq: RICK) has declared its 34th consecutive quarterly cash dividend of $0.06 per common share for the fiscal third quarter of 2024.
The dividend is payable on June 28, 2024, to shareholders on record as of June 14, 2024, with an ex-dividend date also on June 14, 2024.
This consistent dividend payout emphasizes RCI's commitment to returning capital to its shareholders.
RCI Hospitality Holdings, Inc. (Nasdaq: RICK) reported 2Q24 results with total revenues of $72.3 million, a slight increase from last year. GAAP EPS was $0.08 due to non-cash impairment, while non-GAAP EPS was $0.90. The Nightclubs segment saw revenue growth to $59.4 million, and efforts in the Bombshells segment showed improvement. The company focuses on core operations, potential acquisitions, and stock buybacks. Non-GAAP financial measures were used to clarify performance.
RCI Hospitality Holdings, Inc. (Nasdaq: RICK) will release its fiscal 2024 second-quarter financial results on May 9, 2024. A conference call will be held at 4:30 PM ET, followed by a meet-and-greet event at Rick's Cabaret New York. Investors can join via X Space or webcast to ask questions or listen. Management, including President & CEO Eric Langan and CFO Bradley Chhay, will be present.
FAQ
What is the current stock price of Rci Hospitality (RICK)?
What is the market cap of Rci Hospitality (RICK)?
