RCI Hospitality: What Happens In Houston (NASDAQ:RICK)

Friday, 25 November 2022, 16:29:18
RCI Hospitality is rolling up highly cash-generative adult nightclubs and quarterly revenue growth has been on a tear since the summer of 2020. Click here to read more.
— Seeking Alpha

RCI Hospitality Holdings (RICK) Stock Outperformed in the Third Quarter, Gained 35%

Wednesday, 9 November 2022, 16:36:57
Investment management company Bireme Capital recently released its third-quarter 2022 investor letter. A copy of the same can be downloaded here. In the third quarter, the fund outperformed and was up 2.5% net of fees compared to a -4.9% decline for the S&P 500 Index. Since inception, the strategy returned 22.7% net annually compared to a […]
— Insider Monkey

RCI Hospitality: A Quick Update On RICK Revenues (NASDAQ:RICK)

Monday, 24 October 2022, 18:07:45
RCI Hospitality Holdings, Inc.”s 4Q22 sales of $70 million came in as expected, which is also in line with my forecast.
— Seeking Alpha

RCI Hospitality”s Q4 revenue rise double-digit despite soft bombshells season

Tuesday, 11 October 2022, 15:42:43
RCI Hospitality Holdings (RICK) reported Tuesday a 28.8% jump in nightclubs and bombshells restaurants sales to reach $70M in the three months to September. The segment break-up…
— Seeking Alpha

RCI Reports 4Q22 Club & Restaurant Sales, Share Buybacks & Year-End Cash Position

Tuesday, 11 October 2022, 15:00:00
HOUSTON , Oct. 11, 2022 /PRNewswire/ — RCI Hospitality Holdings, Inc. (NASDAQ: RICK ) reported sales for its Nightclubs and Bombshells restaurants of $70.0 million for the fiscal fourth quarter ended September 30, 2022 , a 28.8% year-over-year increase. Sales do not include non-core operations and are preliminary and subject to final closing. Full 4Q22 and FY22 financial results are expected by December 14 . Eric Langan , President & CEO of RCI, said: “Fourth quarter Nightclub sales benefited from same-store growth and acquisitions. Bombshells had a soft July, but sales improved through the quarter and were up 7.4% year-over-year in September. Altogether, total club and restaurant sales nearly rivaled our strong 3Q22 performance even though the fourth quarter is typically our weakest. As sales return to traditional seasonal patterns, we look forward to a strong 1Q23.” RCI also announced it bought back 54,473 shares for $3.0 million in 4Q22 and ended FY22 with approximately $35.6 million cash and cash equivalents after making the share repurchases as well as $12.6 million in 4Q22 payments to acquire clubs and property for new Bombshells locations.
— Benzinga