RCI Hospitality Holdings, Inc. (RICK) is benefiting from efficiently progressing with its Back to Basics business approach and following an effective capital allocation strategy. These strategic initiatives are positively impacting the company's business, resulting in notable operational improvements and shareholder value. In the past six months, the company's shares have lost 24.4% against the Zacks Leisure and Recreation Services industry's 12% growth. However, this Zacks Rank #2 (Buy) company has shown s ...

Building a portfolio of well-managed, high cash-flowing nightclubs and sports-bar restaurants NASDAQ: RICK | 3Q24 Conference Call | August 8, 2024 | www.rcihospitality.com | @RCIHHinc Today's Speakers Eric Langan President & CEO RCI Hospitality Holdings, Inc. @RicksCEO Bradley Chhay Chief Financial Officer RCI Hospitality Holdings, Inc. @BradleyChhay Mark Moran CEO Equity Animal @itsmarkmoran 2 X Spaces Instructions • Log in to: X (formerly Twitter) • Go To: @RicksCEO on X: https://x.com/RicksCEO • Select t ...

United States Securities and Exchange Commission Washington, D.C. 20549 Texas 001-13992 76-0458229 (State or Other Jurisdiction of Incorporation) (Commission File Number) (IRS Employer Identification No.) Title of each class Trading Symbol(s) Name of each exchange on which registered Common stock, $0.01 par value RICK The Nasdaq Global Market FORM 8-K Current Report Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): September 9, 2024 RCI ...

Financial Data and Key Metrics - Revenue for Q3 2024 was $76.2 million, with GAAP EPS at a loss of $0.56 per share due to a non-cash impairment of $17.9 million [8] - Non-GAAP EPS was $1.35, and free cash flow reached a year-high of $13.8 million, with EBITDA at $20.1 million [8] - Nightclubs revenue increased by $374,000 year-over-year to $62.8 million, with same-store sales growth of 1.7% [8] - Bombshells revenue declined by 8.7% to $13.1 million, but non-GAAP operating income increased by 89.3% sequentially [10] - Corporate expenses were 9.4% of total revenues year-over-year, consistent with the previous quarter [11] Business Line Performance - Nightclubs achieved record revenues, with alcoholic beverage sales up 4.9%, food and merchandise up 5.1%, and service revenue down 5.3% [9] - Bombshells saw a sequential revenue increase of 2.9%, with margins improving from 5.9% to 10.8% [4][10] - Seven locations were opened, converted, or enhanced during the fiscal year, with seven more in progress [4] Market Performance - Severe weather in Texas and South Florida temporarily impacted club operations, with 10 day closures for Bombshells and 1 for clubs in Q3 [11] - Hurricane Beryl caused 10 day closures for clubs and 26 for Bombshells in Q4 [11] Strategic Direction and Industry Competition - The company is focusing on a "Back to Basics" approach to increase revenues, reduce costs, and expand margins [3] - A five-year strategic plan is being developed, with two pillars: operational efficiency and capital allocation [7] - The company withdrew its Colorado casino license application to focus on projects with more immediate results [4] Management Commentary on Operating Environment and Future Outlook - Management is optimistic about achieving 15% margins for Bombshells, with potential to reach 20% as new stores open [18] - The company is actively pursuing M&A opportunities, with a focus on clubs in the Detroit market [19] - Management is reviewing underperforming locations and may sell or close some to improve overall profitability [18] Other Important Information - The company reduced its share count to less than 9 million through a share buyback program, purchasing 700,000 shares at a 22% discount [5] - A $20 million bank real estate loan was secured, and the share repurchase program was increased by $25 million [4] - The company is rebuilding the Baby Dolls Fort Worth location after a fire and is reviewing all operating units to ensure financial objectives are met [15] Q&A Session Question: Progress on Bombshells margins and restructuring timeline - Management aims for 15% margins, with potential to reach 20% as new stores open in 2025 [18] Question: M&A environment and criteria for club properties - The company is exploring opportunities in the Detroit market and expects acquisitions at closer to 5x multiples [19] Question: Colorado properties and liquidation timeline - The company is in discussions to lease or sell Colorado properties, with an LOI expected soon for one property [20] Question: Impact of potential interest rate declines on refinancing opportunities - No immediate refinancing plans, but the company is monitoring interest rates for future opportunities [21] Question: Cumulative cash invested in Bombshells and casinos - Approximately $6 million in non-income producing properties and $8 million in the Rick's Cabaret Steakhouse [27] Question: Fire at Baby Dolls Fort Worth location - The fire was likely an electrical issue, and the company is already redesigning the property for reopening [29]

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. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -163.64%. A quarter ago, it was expected that this adult nightclub chain would post earnings of $0.81 per share when it actually produced earnings of $0.08, delivering a surprise of -90.12%. Over the last four quarters, the com ...

Table of Contents Title of each class Trading Symbol(s) Name of each exchange on which registered Common stock, $0.01 par value RICK The Nasdaq Global Market UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number: 001-13992 RCI HOSPITAL ...

There will be no other types of telephone or webcast access. About RCI Hospitality Holdings, Inc. (Nasdaq: RICK) (X: @RCIHHinc) With more than 60 locations, RCI Hospitality Holdings, Inc., through its subsidiaries, is the country's leading company in adult nightclubs and sports bars/restaurants. See all our brands at www.rcihospitality.com. Forward-Looking Statements This press release may contain forward-looking statements that involve a number of risks and uncertainties that could cause the company's actu ...

Following the results, the stock moved up 14.6% during trading hours on Jul 11. Positive investor sentiments were witnessed as the company revealed to increase its share repurchase program by $25 million. The move aligns with the management's strategic emphasis on operational efficiency, cost reduction and maximizing shareholder returns. During the quarter, sales from Nightclubs came in at $62.4 million, rising 5.9% from the fiscal second quarter and 1.7% year over year. The upside was primarily backed by c ...

With more than 60 locations, RCI Hospitality Holdings, Inc., through its subsidiaries, is the country's leading company in adult nightclubs and sports bars/restaurants. See all our brands at www.rcihospitality.com. Gary Fishman and Steven Anreder at 212-532-3232 or [email protected] and [email protected] SOURCE RCI Hospitality Holdings, Inc. Media & Investor Contacts ...

Don’t tell the stock market, but there have been some signs that the economy is beginning to slow down. While it’s not a broad-based collapse or anything frightening like that, there are some areas experiencing the pinch. Recently, today’s Bear of the Day referenced that pinch in its latest earnings report. It’s currently a Zacks Rank #5 (Strong Sell) and we are going to investigate the reasons why.I’m talking about RCI Hospitality (RICK) ). RCI Hospitality Holdings, Inc., through its subsidiaries, engages ...