RICK Stock Recent News

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.

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.