RICK Stock Recent News

HOUSTON--(BUSINESS WIRE)--RCI Hospitality Holdings, Inc. (Nasdaq: RICK) plans to file its 10-Q and report financial results for the fiscal 2025 first quarter ended December 31, 2024 after the market closes on Monday, February 10. The company will hold a related conference call on X Spaces at 4:30 PM ET. X Spaces Call & Presentation Hosted by RCI President and CEO Eric Langan, CFO Bradley Chhay, and Mark Moran of Equity Animal Call link: https://twitter.com/i/spaces/1zqKVjQVzjLKB (X log in r.

RCI Hospitality (RICK) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

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RICK strengthens its portfolio with the acquisition of Flight Club, enhancing the company's strategic growth.

DENVER--(BUSINESS WIRE)--RCI Hospitality Holdings, Inc. (Nasdaq: RICK) is proud to announce the opening tomorrow of Bombshells Restaurant and Bar in Downtown Denver with plans for a grand opening in time for the February 9 professional football championship. Eric Langan, President and CEO of RCI Hospitality Holdings, Inc., will be at the new location on Friday to personally greet guests. With occupancy of more than 400, the 8,500 square foot location at 1400 Arapahoe Street (corner of 14th) is.

HOUSTON , Jan. 22, 2025 /PRNewswire/ -- RCI Hospitality Holdings, Inc. (Nasdaq: RICK) today announced closing on the acquisition of Flight Club, the premier gentlemen's club in the Detroit market, 5 miles from Detroit Metro Airport and 20 miles from downtown, casinos and major sports venues. The purchase price totaled $11.0 million, consisting of $3.0 million cash and $5.0 million seller financing at 8.0% for the club, and $3.0 million cash for associated real estate.

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.