RICK Stock Recent News

HOUSTON , July 11, 2024 /PRNewswire/ -- RCI Hospitality Holdings, Inc. (Nasdaq: RICK) reported club and restaurant sales for the fiscal third quarter ended June 30, 2024. Sales do not include non-core operations and are subject to final closing.

RCI Hospitality stock has dropped 30% due to falling same-store sales. The stock is now priced at under $44 per share, with a 12.22x multiple to annualized fiscal 2024 second-quarter EPS. RICK recorded second-quarter revenue of $72.28 million, up 1.1% year-over-year, with its multiple to sales now at its lowest level since 2021.

RCI Hospitality's short-term growth outlook has weakened with a continued bad Bombshells performance and weaker same-store sales in nightclubs. The company's continued aggressive location development and acquisitions, and initiated Bombshells improvements still reflect great mid-term revenue and earnings growth potential. The weaker stock price reflects short-term weakness, but as the long-term growth story stands nearly as strong, the valuation has become attractive.

Shares of RCI Hospitality Holdings RICK fell on Thursday before rebounding Friday on above average volume. The increase in trading comes with allegations shared by Bear Cave Research's Edwin Dorsey.

HOUSTON , May 29, 2024 /PRNewswire/ -- RCI Hospitality Holdings, Inc. (Nasdaq: RICK) announced today it has declared a quarterly cash dividend of $0.06 per common share for the fiscal 2024 third quarter ending June 30, 2024. The 3Q24 dividend is payable June 28, 2024 to holders of record June 14, 2024 with an ex-dividend date of June 13, 2024.

Earnings are moving in the wrong direction, hurting business for this entertainment company.

RCI Hospitality Holdings, Inc. (NASDAQ:RICK ) Q2 2024 Results Conference Call May 9, 2024 4:30 PM ET Company Participants Mark Moran - Equity Animal Eric Langan - President and CEO Bradley Chhay - CFO Conference Call Participants Scott Buck - HC Wainwright Anthony Lebiedzinski - Sidoti & Company Rob McGuire - Granite Research Steven Martin - Slater Capital [Call Started Abruptly] Now I'm pleased to introduce Eric Langan, President and CEO of RCI Hospitality. Eric, to take it away.

HOUSTON , May 6, 2024 /PRNewswire/ -- RCI Hospitality Holdings, Inc. (Nasdaq: RICK) plans to file its 10-Q and report financial results for the fiscal 2024 second quarter ended March 31, 2024 after the market closes on Thursday, May 9. The company will hold a related conference call on X Spaces at 4:30 PM ET.

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.

RCI Hospitality's (RICK) fiscal second-quarter top line benefits from robust sales from Nightclubs.