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HOUSTON , Jan. 16, 2025 /PRNewswire/ -- RCI Hospitality Holdings, Inc. (Nasdaq: RICK) announced a successful first phase beta rollout of the Favoritely.com social media site for adult nightclub entertainers and their fans. The site is now being introduced to more clubs.
RCI Hospitality's new "Back-to-Basics" strategy focuses on improving performance, divesting underperforming Bombshells locations, and refocusing on the primary club acquisition strategy and share buybacks. Recent performance has shown a return to comparable growth in nightclubs, but the remaining Bombshells have continued to lag in sales. With RCI Hospitality's financial targets, including $400 million in FY2029 sales and $75 million in free cash flow, I estimate 26% upside to a fair value of $70.8.
RICK's first-quarter fiscal 2025 top line is hurt by Bombshells' dismal sales.
HOUSTON , Jan. 8, 2025 /PRNewswire/ -- RCI Hospitality Holdings, Inc. (Nasdaq: RICK) reported club and restaurant sales for the fiscal first quarter ended December 31, 2024. Sales do not include non-core operations and are subject to final closing.
RCI Hospitality's fiscal fourth-quarter top line was impacted by Hurricane Beryl, causing temporary closures at key locations.
RCI Hospitality benefits from its focus on the Back to Basics business approach and an effective capital allocation strategy.
HOUSTON , Oct. 8, 2024 /PRNewswire/ -- RCI Hospitality Holdings, Inc. (Nasdaq: RICK) reported club and restaurant sales for the fiscal fourth quarter and year ended September 30, 2024. Sales do not include non-core operations and are subject to final closing.
HOUSTON , Sept. 9, 2024 /PRNewswire/ -- RCI Hospitality Holdings, Inc. (Nasdaq: RICK) announced it will be featured as a presenting company at the H.C.
RICK hikes quarterly cash dividend by 16.7% to 7 cents per share, attributed to improved balance sheet position and effective capital allocation strategies.
RCI Hospitality Holdings, Inc. reported its Q3 financials, showing a return to SSS growth in Nightclubs and stabilization in Bombshells. Underlying profitability stayed quite good, with Nightclubs' lower service sales having a bad impact but cost savings in Bombshells showing a good earnings improvement sequentially. The company is clearly focusing on its core operational competencies with the withdrawal of casino licenses.