Rci Hospitality Stock Price, News & Analysis

RCI Hospitality Holdings (NASDAQ: RICK) reported its fiscal 2Q25 results, showing total revenues of $65.9M, down from $72.3M in 2Q24. The company posted EPS of $0.36 compared to $0.08 in the prior year. Net income attributable to RCIHH was $3.2M, up from $0.8M. The revenue decline primarily reflected the sale of five underperforming Bombshells locations and weather impacts on same-store sales. Key developments include the acquisition of Flight Club in Detroit for $11M and Platinum West in South Carolina for $8M. The company opened new Bombshells in Denver and rebranded Chicas Locas in El Paso. During Q2, RCI repurchased 56,875 shares for $2.9M. The Nightclubs segment revenue was $57.5M (-3.1% YoY) with same-store sales declining 3.5%. Bombshells segment revenue fell 35.6% to $8.2M due to location closures and a 13.4% SSS decline. The company's debt stood at $241.5M as of March 31, 2025.

RCI Hospitality Holdings (NASDAQ: RICK) has announced it will release its fiscal 2025 second quarter financial results for the period ended March 31, 2025, after market close on Monday, May 12. The company will host a conference call via X Spaces at 4:30 PM ET to discuss the results.

The call will be hosted by CEO Eric Langan, CFO Bradley Chhay, and Mark Moran of Equity Animal. Participants must join using a mobile device to ask questions during Q&A, while those who wish to listen only can access the X Space from a computer. The company will provide a presentation accessible through their investor relations website.

RCI Hospitality Holdings (Nasdaq: RICK) reports successful expansion of Favoritely.com, their social media platform, now reaching one-third of their adult nightclubs. The platform enables entertainers and staff to interact with fans, sell content, and arrange club meetings.

Key developments include:

• Expansion to 15 additional clubs across Dallas-Fort Worth, Minneapolis, and North Carolina
• Page views doubled, subscriptions and customer spending quadrupled
• Credit card accounts increased to 70% from 50% of subscribers
• Creator base grew from 100 to 500

The mobile-friendly platform features an 80% revenue share for creators, with monthly subscriptions averaging $4-$5. Notable success includes Rick's Cabaret Fort Worth VIP bartender featured on Paramount+'s "Landman" show, demonstrating increased customer engagement and club visits.

RCI Hospitality Holdings (Nasdaq: RICK) has acquired Platinum West Gentlemen's Club in West Columbia, South Carolina for $8.0 million. The purchase includes $3.75 million in cash and $2.5 million in seller financing at 7% for the club, plus $1.75 million cash for real estate.

The acquisition aligns with RCI's valuation target of 3-5x annualized adjusted EBITDA and marks their second club purchase under their new 5-Year 'Back to Basics' Capital Allocation Plan. The 10,000 square-foot venue is strategically located near Columbia Metropolitan Airport, downtown Columbia, and Fort Jackson.

Platinum West, the only upscale adult nightclub in central South Carolina, operates with extended hours throughout the week and maintains an established management team. The acquisition expands RCI's presence to seven clubs in Southeast states.

RCI Hospitality Holdings (NASDAQ: RICK) reported fiscal 2Q25 club and restaurant sales, showing overall combined sales of $65.4 million, representing an 8.9% decline year-over-year. The company's performance was impacted by severe weather conditions in January and February, forcing temporary closures of 18 clubs and Bombshells locations.

Nightclubs segment recorded sales of $57.1 million, down 3.1% year-over-year, with same-store sales declining 3.5%. The Bombshells segment saw sales of $8.2 million, marking a significant 35.6% decrease, with same-store sales down 13.4%.

Notable developments include:

• Acquisition of Flight Club in Detroit (late January)
• Opening of Bombshells Denver (late January)
• Launch of Chicas Locas El Paso (March)
• Previous divestiture and closure of underperforming Bombshells locations

For the first six months of fiscal 2025, combined sales reached $136.2 million, showing a 6.1% decrease compared to the same period last year.

RCI Hospitality Holdings (Nasdaq: RICK) has declared its 37th consecutive quarterly cash dividend of $0.07 per common share for the fiscal 2025 second quarter ending March 31, 2025. The dividend will be paid on March 31, 2025, to shareholders of record as of March 17, 2025.

This consistent dividend payment streak demonstrates the company's commitment to shareholder returns, having maintained quarterly distributions since their initiation in fiscal 2016's second quarter.

RCI Hospitality Holdings (RICK) reported fiscal 2025 first quarter results with total revenues of $71.5 million, down from $73.9 million in 1Q24. EPS increased to $1.01 from $0.77, while non-GAAP EPS decreased to $0.80 from $0.87.

The Nightclubs segment saw a 1.1% revenue increase to $61.7 million, with same-store sales up 3.7%. Bombshells segment revenue declined 24.7% to $9.6 million due to closure of underperforming locations. The company continued its Back to Basics 5-Year Capital Allocation Plan, repurchasing 66,000 shares for $3.2 million and acquiring Flight Club in Detroit for $11 million total.

Net cash from operations was $13.3 million, with free cash flow of $12.1 million. The company's debt stood at $235.5 million as of December 31, 2024, down from $238.2 million at September 30, 2024.

RCI Hospitality Holdings (Nasdaq: RICK) has announced plans to release its fiscal 2025 first quarter financial results for the period ended December 31, 2024, after market close on Monday, February 10. The company will host a conference call via X Spaces at 4:30 PM ET on the same day.

The call will be hosted by RCI President and CEO Eric Langan, CFO Bradley Chhay, and Mark Moran of Equity Animal. Participants wishing to ask questions during Q&A must join using a mobile device, while those who want to listen only can access the X Space from a computer. The company will not provide alternative telephone or webcast access methods.

The presentation materials will be available on RCI's investor relations website.

RCI Hospitality Holdings (Nasdaq: RICK) announces the opening of Bombshells Restaurant and Bar in Downtown Denver, with a grand opening planned for February 9. The 8,500-square-foot location at 1400 Arapahoe Street has a capacity of over 400 and is strategically located near key city landmarks. The venue has hired more than 100 staff members, including 50 servers, 15 bartenders, and 10 hosts.

The sports-themed restaurant features two 160-inch LED screens and over 40 high-definition TVs, offering comprehensive sports viewing coverage. This marks the first Bombshells outside of Texas, where 11 locations currently operate. The restaurant, known for its military-themed decor and World War II-inspired branding, offers a full menu, extensive bar options, and operates from 11:00 a.m. to 2:00 a.m. Veterans and active service members receive a 20% discount on meals and soft drinks.