RICK Stock Recent News

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.

RCI Hospitality (RICK) came out with a quarterly loss of $0.56 per share versus the Zacks Consensus Estimate of $0.88. This compares to earnings of $0.96 per share a year ago.

HOUSTON , Aug. 8, 2024 /PRNewswire/ -- RCI Hospitality Holdings, Inc. (Nasdaq: RICK) today reported results for the fiscal 2024 third quarter ended June 30, 2024. The company also filed its Form 10-Q today.

HOUSTON , Aug. 7, 2024 /PRNewswire/ -- RCI Hospitality Holdings, Inc. (Nasdaq: RICK) plans to file its 10-Q and report financial results for the fiscal 2024 third quarter ended June 30, 2024 after the market closes on Thursday, August 8.   X Spaces Call & Slides Hosted by RCI President & CEO Eric Langan , CFO Bradley Chhay , and Mark Moran of Equity Animal Call link: https://x.com/RicksCEO/status/1821258346877612301 (X log in required) Presentation link: https://www.rcihospitality.com/investor-relations/ To ask questions during Q&A: Participants must join the X Space using a mobile device To listen only: Participants can access the X Space from a computer There will be no other types of telephone or webcast access.

RCI Hospitality's (RICK) fiscal third-quarter top-line benefits from new locations. Also, strength in Nightclubs performance added to the positives.

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.