RCI Hospitality

RCI Hospitality Holdings, Inc. engages in entertainment and bar operations. It operates through the following segments: Nightclubs, Bombshells, and Other. The Nightclubs segment includes adult entertainment nightclubs and dance clubs. The Bombshells segment is involved in restaurant and bar operations with decor that pays homage to all branches of the U.S. military. The Other segment includes wholly-owned subsidiaries composed primarily of Media Group and Drink Robust. The firm has clubs in New York City, Chicago, Dallas-Fort Worth, Houston, Miami, Minneapolis, Denver, St. Louis, Charlotte, Pittsburgh, Raleigh, Louisville, and other markets operating under brand names such as Rick's Cabaret, XTC, Club Onyx, Vivid Cabaret, Jaguars Club, Tootsie's Cabaret, and Scarlett's Cabaret. The company was founded by Robert L. Watters in 1983 and is headquartered in Houston, TX.

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RCI Hospitality reports solid Q1 results, eyes strategic growth

RCI Hospitality's Q1 2023 performance was solid, driven by strong results in the Nightclub segment and a focus on strategic acquisitions.
While facing challenges in the Bombshells segment, the company's financial position remains strong with a clear capital allocation strategy.
Opportunities for growth lie in collaborations with influencers, casino expansion, and strategic acquisitions, positioning RCI Hospitality for future success.

RCI Hospitality reports robust Q2 earnings, eyes sports betting expansion

RCI Hospitality (RICK) delivered robust Q2 2023 results with revenue growth, improved margins, and strong cash flow generation. The company's strategic initiatives at Bombshells and focus on service revenues position it for continued success.
While facing challenges like legal expenses and monitoring nightclub trends, RCI Hospitality is poised to capitalize on opportunities in sports betting expansion, new casino locations, and property ownership. The company's commitment to quality and growth underpins its investment strategies.
Investors should note RCI Hospitality's solid financial performance, expansion plans, and emphasis on conservative estimates for sustainable growth. The company's proactive approach to driving foot traffic, improving margins, and engaging with stakeholders bodes well for future prospects.
RCI Hospitality's strong financials, focus on acquisitions, and strategic investments in construction projects highlight a growth-oriented approach. With a clear vision for growth and a strong operational foundation, the company is well-positioned for future success.

RCI Hospitality reports record Q3 revenues, eyes strategic growth

RCI Hospitality delivered strong financial results in Q3 despite challenges in certain segments, showcasing resilience and potential for growth.
The company's solid liquidity position and stable debt metrics provide a strong foundation for future investments and acquisitions.
Strategic focus on digital platforms, new casino ventures, and potential acquisitions positions RCI Hospitality for future growth and market expansion.
While facing operational challenges and market uncertainties, RCI Hospitality remains optimistic about its growth prospects and financial stability.

RCI Hospitality reports revenue growth amidst challenges, eyes strategic partnerships

RCI Hospitality's Q4 2023 performance reflects revenue growth from acquisitions but challenges from same-store sales decline, with a focus on margin improvements.
Strengths lie in successful growth initiatives, strategic capital allocation, and plans for margin enhancement through high-margin revenue streams.
Challenges include margin impacts, geographic sales variations, and competition, while opportunities exist in partnerships, expansions, and profitability improvements.
Overall, RCI Hospitality remains optimistic about future prospects, emphasizing financial discipline, operational enhancements, and strategic growth initiatives.

RCI Hospitality reports Q1 revenue growth amidst operational challenges

RCI Hospitality's Q1 performance reflects revenue growth amidst challenges like same-store sales decline. Strategic initiatives and future goals aim to drive profitability and enhance shareholder value.
Opportunities in partnerships, revenue models, and operational enhancements present avenues for growth. Addressing challenges through cost-cutting measures and strategic reviews is crucial for sustained success.
With a focus on innovation, growth potential, and margin improvements, RCI Hospitality navigates challenges to position itself for enhanced performance and profitability in the future.

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RCI Hospitality Holdings, Inc. engages in the provision of live adult entertainment and dining experiences. It operates through the following segments: Nightclubs and Bombshells. The Nightclubs segment includes adult entertainment. The Bombshells segment involves the operation of restaurants and bars. The company was founded by Robert L. Watters in 1983 and is headquartered in Houston, TX.

HOUSTON , Sept. 28, 2022 /PRNewswire/ -- RCI Hospitality Holdings, Inc. (Nasdaq: RICK) announced CEO Eric Langan and CFO Bradley Chhay will participate in the Granite Research Virtual Conference Series on October 12 and 13, 2022, starting at 10 AM ET on both days.

RCI to Participate in Granite Research Virtual Conference October 12-13, 2022

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HOUSTON , Sept. 1, 2022  /PRNewswire/ -- RCI Hospitality Holdings, Inc. (Nasdaq: RICK) announced today it has declared a quarterly cash dividend of $0.05 per common share for the fiscal 2022 fourth quarter ending September 30, 2022.

RCI Announces 27th Consecutive Quarterly Cash Dividend

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I continue to be very impressed with the management's execution as they produced strong results for both nightclubs and Bombshells. RICK continues to display strong free cash flow growth (+39% Y/Y).

RCI Hospitality: Execution Continues To Be On Point

MIAMI , Aug. 18, 2022 /PRNewswire/ -- RCI Hospitality Holdings, Inc. (Nasdaq: RICK) today announced Tootsie's Cabaret Miami – the largest adult night club in America – was named "Overall Club of the Year" at the 2022 Gentlemen's Club EXPO this week in Las Vegas. Produced by ED Publications, EXPO is the adult nightclub industry's only national convention.

RCI's Tootsie's Cabaret Miami Named "Overall Club of the Year" at Industry Convention

RCI Hospitality Holdings, Inc. (NASDAQ:RICK ) Q3 2022 Earnings Conference Call August 9, 2022 4:30 PM ET Company Participants Mark Moran - Chief Executive Officer, Equity Animal Eric Langan - President and Chief Executive Officer Bradley Chhay - Chief Financial Officer Conference Call Participants Rob McGuire - Granite Research Anthony Lebiedzinski - Sidoti & Company Joshua Zoepfel - Noble Capital Markets Adam Wyden - ADW Capital Howard Penney - Hedgeye Operator Mark Moran Greetings, and welcome to RCI Hospitality Holdings Third Quarter Earnings Call. You can find RCI's presentation on the company website.

RCI Hospitality Holdings, Inc. (RICK) CEO Eric Langan on Q3 2022 Results - Earnings Call Transcript

RCI Hospitality (RICK) delivered earnings and revenue surprises of 20.30% and 0.72%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

RCI Hospitality (RICK) Surpasses Q3 Earnings Estimates

Twitter Spaces Conference Call at 4:30 PM ET Today; Meet Management at 7 PM ET Tonight HOUSTON , Aug. 9, 2022 /PRNewswire/ -- RCI Hospitality Holdings, Inc. (Nasdaq: RICK) today reported results and filed its Form 10-Q for the fiscal 2022 third quarter and nine months ended June 30, 2022.  Summary Financials 3Q22 Change YoY 9M22 Change YoY Total Revenues $70.7M 22.2 % $196.2M 39.9 % EPS $1.48 8.0 % $3.76 20.9 % Non-GAAP EPS* $1.60 18.0 % $3.89 55.5 % Net Cash from Operating Activities $18.9M 26.2 % $46.8M 45.1 % Free Cash Flow* $18.0M 39.1 % $44.4M 60.7 % Net Income Attributable to RCIHH Common Stockholders $13.9M 13.0 % $35.4M 26.4 % Adjusted EBITDA* $24.6M 20.6 % $62.5M 46.5 % Basic & Diluted Shares 9.390M 4.3 % 9.428M 4.7 %   * See "Non-GAAP Financial Measures" below.

RCI Reports 3Q22 Results: Total Revenues $70.7M, GAAP EPS $1.48, Non-GAAP EPS $1.60

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I Am Buying RCI Hospitality Hand Over Fist

HOUSTON , Aug. 5, 2022 /PRNewswire/ -- RCI Hospitality Holdings, Inc. (Nasdaq: RICK) will report fiscal 2022 third quarter financial results on Tuesday, August 9, after the market closes. Later, RCI will hold its conference call at 4:30 PM ET and host a Meet Management event at 7 PM ET at Rick's Cabaret New York.

RCI to Host 3Q22 Conference Call on Twitter Spaces & Meet Management Event in NYC on Tuesday, August 9

HOUSTON , July 28, 2022 /PRNewswire/ -- RCI Hospitality Holdings, Inc. (Nasdaq: RICK) today announced closing on the acquisition of the Cheetah Gentlemen's Club in Hallandale Beach, Florida and its associated real estate. Eric Langan, RCI President & CEO, said: "Cheetah becomes our fourth adult nightclub in South Florida, 15th club acquisition this fiscal year, and 52nd club in our portfolio.

RCI Announces Acquisition of Cheetah Gentlemen's Club in South Florida

HOUSTON , July 22, 2022 /PRNewswire/ -- RCI Hospitality Holdings, Inc. (Nasdaq: RICK) today announced closing on purchase agreements that will enable subsidiaries to open a third adult nightclub in Ector County, TX, right off busy State Highway Loop 338. Dean Reardon, Vice President of Operations of RCI Management, said: "The new club will be branded as a PT's Showclub.

RCI Announces Acquisition of Adult Nightclub in Odessa, TX

Twitter Spaces Conference Call Today at 10:30 AM ET HOUSTON , July 12, 2022 /PRNewswire/ -- RCI Hospitality Holdings, Inc. (Nasdaq: RICK) reported sales for its Nightclubs and Bombshells restaurants of $70.1 million for the fiscal third quarter ended June 30, 2022. Sales do not include non-core operations and are preliminary and subject to final closing.

RCI Reports 3Q22 Club & Restaurant Sales and Share Buybacks

HOUSTON , July 11, 2022 /PRNewswire/ -- RCI Hospitality Holdings, Inc. (Nasdaq: RICK) announced it will report fiscal third quarter sales for its Nightclubs and Bombshells restaurants before the market opens on Tuesday, July 12, 2022. Management will participate in a related Twitter Spaces conference call that morning at 10:30 AM ET.

RCI to Report 3Q22 Club & Restaurant Sales and Hold Twitter Spaces Call Tuesday, July 12, 2022

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RCI Hospitality: My Single Largest Investment

SAN ANTONIO , June 27, 2022 /PRNewswire/ -- RCI Hospitality Holdings, Inc. of Houston (Nasdaq: RICK) is proud to announce the opening of its first franchised Bombshells Restaurant & Bar today in San Antonio, home to one of the largest concentrations of military bases and one of the largest active and retired military populations in the US.

First Bombshells Restaurant & Bar Franchise Opens in San Antonio

HOUSTON , May 9, 2022 /PRNewswire/ -- Glancy Prongay & Murray LLP and The Rosen Law Firm, P.A. announce that the United States District Court for the Southern District of Texas Houston Division has approved the following announcement of a proposed class action settlement that would benefit purchasers of RCI Hospitality Holdings, Inc. (NASDAQ: RICK): SUMMARY NOTICE OF (I) PENDENCY OF CLASS ACTION, CERTIFICATION OF SETTLEMENT CLASS, AND PROPOSED SETTLEMENT; (II) SETTLEMENT HEARING; AND (III) MOTION FOR AN AWARD OF ATTORNEYS' FEES AND REIMBURSEMENT OF LITIGATION EXPENSES TO:  All persons and entities who, during the period between December 13, 2016 and July 18, 2019, inclusive, purchased or otherwise acquired the common stock of RCI Hospitality Holdings Inc. and were injured thereby (the "Settlement Class"): Please read this notice carefully, your rights will be affected by a class action lawsuit pending in this court.

Glancy Prongay & Murray LLP and The Rosen Law Firm, P.A. Announce Proposed Class Action Settlement on Behalf of Purchasers of RCI Hospitality Holdings Inc. Common Stock - RICK

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HOUSTON , May 25, 2022 /PRNewswire/ -- RCI Hospitality Holdings, Inc. (Nasdaq: RICK) announced today it has declared a quarterly cash dividend of $0.05 per common share for the Fiscal 2022 third quarter ending June 30, 2022. The 3Q22 dividend is payable June 29, 2022, to holders of record June 15, 2022, with an ex-dividend date of June 14, 2022.

RCI Announces 26th Consecutive Quarterly Cash Dividend

HOUSTON , May 24, 2022 /PRNewswire/ -- RCI Hospitality Holdings, Inc. (Nasdaq: RICK) Board of Directors today authorized increasing the amount available under the company's share repurchase program by an additional $25.0 million. From FY16, when the company started implementing its capital allocation strategy, to 2Q22, RCI has invested approximately $25.4 million repurchasing approximately 1.6 million shares at an average of $15.88 per share.

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