Rci Hospitality Stock Price, News & Analysis

RCI Hospitality Holdings, Inc. (Nasdaq: RICK) announced that all 12 Bombshells Restaurant & Bar locations in Texas will offer free entrees to veterans on Veterans Day, November 11, 2022. Active servicemembers and their families will receive a 20% discount on all menu items, excluding alcoholic beverages. The company emphasizes its commitment to honoring veterans, supported by a social media campaign. Bombshells, known for its military theme, has eight locations in Houston, two in Dallas, and others in Austin and San Antonio, with plans for further expansion.

On October 27, 2022, RCI Hospitality Holdings (Nasdaq: RICK) announced the acquisition of Heartbreakers Gentlemen's Club and its real estate for $4 million in cash and $5 million financed over 15 years at a 6% interest rate. Established in 1986, Heartbreakers is a leading adult entertainment venue in Galveston, Texas. This acquisition marks RCI's first of Fiscal 2023, expanding its portfolio to 53 clubs. RCI's President, Eric Langan, emphasized the strategic fit with its existing brands, while VP Dean Reardon highlighted Heartbreakers' loyal customer base and energetic atmosphere.

RCI Hospitality Holdings, Inc. (Nasdaq: RICK) reported $70.0 million in sales for its Nightclubs and Bombshells restaurants for the fiscal fourth quarter ending September 30, 2022, a 28.8% year-over-year increase. Fourth quarter results benefited from same-store growth and acquisitions, although Bombshells experienced a 3.6% decline. RCI repurchased 54,473 shares for $3.0 million in 4Q22, concluding the fiscal year with approximately $35.6 million in cash. The company anticipates strong performance in 1Q23 as sales normalize.

RCI Hospitality Holdings, Inc. (Nasdaq: RICK) announced that CEO Eric Langan and CFO Bradley Chhay will participate in the Granite Research Virtual Conference on October 12-13, 2022, starting at 10 AM ET each day. They will hold one-on-one and small group meetings by appointment.

Granite Research focuses on providing investment research on undervalued small and microcap companies for institutional investors. RCI operates the leading adult nightclubs and sports bars across major U.S. cities with over 60 units.

RCI Hospitality Holdings, Inc. (Nasdaq: RICK) has declared a quarterly cash dividend of $0.05 per common share for Q4 2022, payable on September 27, 2022. This dividend is for the fiscal fourth quarter ending September 30, 2022, with a record date of September 13, 2022 and an ex-dividend date on September 12, 2022. Notably, this marks the company's 27th consecutive quarterly cash dividend, demonstrating a commitment to returning value to shareholders.

RCI Hospitality Holdings, Inc. (Nasdaq: RICK) announced that Tootsie's Cabaret Miami has been awarded "Overall Club of the Year" at the 2022 Gentlemen's Club EXPO held in Las Vegas. The award is based on votes from around 3,000 industry professionals. President Ed Anakar highlighted the club's significant upgrades in lighting and sound before and during the pandemic, contributing to its success. Tootsie's features a large stage and diverse entertainment options, appealing to a wide audience as South Florida attracts more visitors and residents.

RCI Hospitality Holdings, Inc. (Nasdaq: RICK) reported strong financial results for the third quarter of fiscal 2022, with total revenues of $70.7 million, a 22.2% increase year-over-year. EPS rose 8% to $1.48, while non-GAAP EPS surged 18% to $1.60. Free cash flow reached $18 million, up 39.1% from the previous year. The Nightclubs segment saw a 33.3% revenue increase, generating $54.7 million. Despite Bombshells' slight revenue decline of 1.8%, the overall performance reflects a significant rebound in operations post-COVID. The company also confirmed ongoing share buybacks and expansion activities.

RCI Hospitality Holdings, Inc. (Nasdaq: RICK) will announce its fiscal 2022 third quarter financial results on August 9, after market close. The company will host a conference call at 4:30 PM ET, followed by a Meet Management event at 7 PM ET at Rick's Cabaret New York. Key executives, including President & CEO Eric Langan, will participate in a Twitter Spaces session for Q&A. Interested investors can RSVP via email and listen to the live call at a dedicated link. RCI operates adult nightclubs and sports bars across major cities in the U.S.

RCI Hospitality Holdings, Inc. (Nasdaq: RICK) has finalized its acquisition of the Cheetah Gentlemen's Club in Hallandale Beach, Florida, along with its real estate. The deal, costing $10 million in cash plus $15 million in seller financing, marks RCI's 15th acquisition this fiscal year, bringing its total to 52 clubs. The Cheetah club is expected to generate approximately $4 million in adjusted EBITDA. Located on a 2.2-acre property, the club enhances RCI's South Florida presence alongside other brand-name clubs.