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 (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.
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