Latest news with #RCIHospitalityHoldings
Business Wire
27-06-2025
- Business
- Business Wire
RCI Announces Opening of Rick's Cabaret & Steakhouse in Historic Central City, CO
CENTRAL CITY, Colo.--(BUSINESS WIRE)--RCI Hospitality Holdings, Inc. (Nasdaq: RICK) proudly announces the opening tonight at 6 p.m. of Rick's Cabaret & Steakhouse in the heart of Central City's celebrated historic district. The three-story venue brings a new era of Las Vegas-style nightlife and fine dining to the Central City-Black Hawk gaming area. The newly restored building at 130 Main Street, within the federally designated Central City-Black Hawk Historic District, has been carefully renovated to honor its legacy as part of the 'Richest Square Mile on Earth.' Central City was a pivotal hub during the Pike's Peak Gold Rush and is a testament to Colorado's vibrant mining history. Rick's opening comes just in time for Saturday, June 28's Central City Stills in the Hills festival, which celebrates the end of prohibition, in the afternoon, and the season opening of the Central City Opera, one of the oldest in the country, at night with The Barber of Seville. Rooted in Tradition, Ready for the Future 'Rick's Cabaret & Steakhouse marks a significant addition to Central City's revitalized Main Street, offering both locals and visitors a premier destination for nightlife, dining, and celebration in a setting rich with history and character,' said Eric Langan, President and CEO of RCI Hospitality Holdings, Inc. The new Rick's features a high-end nightclub with music, beautiful entertainers, and an exciting atmosphere; Rick's fine dining restaurant, serving prime steaks and gourmet cuisine; and a setting that blends historic elegance and modern luxury. The venue initially will be open Thursday, Friday, and Saturday from 6:00 p.m. to 4:00 a.m., with steakhouse seating as late as 3:00 a.m. 'Our goal is to honor the area's unique heritage while introducing a new level of entertainment and dining, enhancing the appeal of local gaming venues,' Langan said. 'We look forward to welcoming guests from Denver and beyond. Join us tonight and become part of Central City's next great chapter—where history, hospitality, and excitement meet.' Visit Rick's Cabaret & Steakhouse Central City: Internet, Facebook, Instagram Media Note: High resolution photos and logo are available here 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 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 actual results to differ materially from those indicated, including, but not limited to, the risks and uncertainties associated with (i) operating and managing an adult entertainment or restaurant business, (ii) the business climates in cities where it operates, (iii) the success or lack thereof in launching and building the Company's businesses, (iv) cyber security, (v) conditions relevant to real estate transactions, and (vi) numerous other factors such as laws governing the operation of adult entertainment or restaurant businesses, competition and dependence on key personnel. For more detailed discussion of such factors and certain risks and uncertainties, see RCI's annual report on Form 10-K for the year ended September 30, 2024, as well as its other filings with the U.S. Securities and Exchange Commission. The Company has no obligation to update or revise the forward-looking statements to reflect the occurrence of future events or circumstances.
Business Wire
16-06-2025
- Business
- Business Wire
RCI Announces Acquisition of Platinum Plus Gentlemen's Club in Allentown, PA
HOUSTON--(BUSINESS WIRE)--RCI Hospitality Holdings, Inc. (Nasdaq: RICK) today announced closing on the acquisition of the upscale Platinum Plus Gentlemen's Club in Allentown, PA, minutes away by car from the airport in Allentown and the casino in Bethlehem. The purchase price totaled $2.0 million, consisting of $1.5 million cash and $0.5 million seller financing at 7% for the club. The purchase price is in line with RCI's acquisition valuation target of 3-5x annualized adjusted EBITDA for a club. Separately, a long-term lease was signed for the property. Eric Langan, President and CEO of RCI Hospitality Holdings, Inc., commented: 'This is the sister club to the recently announced acquisition of Platinum West in South Carolina and the third club purchase since the recent launch of our 5-Year 'Back to Basics' Capital Allocation Plan.' 'Platinum Plus is a well-established business with a seasoned management team. The club adds to our six other locations in the Northeast states and should benefit from our marketing, purchasing and systems know-how.' Mr. Langan added that executive management of the two Platinum clubs will stay on to ensure a smooth transition and look for new club acquisitions. The 15,000 square foot Platinum Plus is located at 1251 Airport Road, Allentown, PA 18109. The club is open Monday through Saturday from 11:00 a.m. to 2:00 a.m. and Sunday from 4:00 p.m. to 2:00 a.m. Visit 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 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 actual results to differ materially from those indicated, including, but not limited to, the risks and uncertainties associated with (i) operating and managing an adult entertainment or restaurant business, (ii) the business climates in cities where it operates, (iii) the success or lack thereof in launching and building the Company's businesses, (iv) cyber security, (v) conditions relevant to real estate transactions, and (vi) numerous other factors such as laws governing the operation of adult entertainment or restaurant businesses, competition and dependence on key personnel. For more detailed discussion of such factors and certain risks and uncertainties, see RCI's annual report on Form 10-K for the year ended September 30, 2024, as well as its other filings with the U.S. Securities and Exchange Commission. The Company has no obligation to update or revise the forward-looking statements to reflect the occurrence of future events or circumstances.
Business Wire
03-06-2025
- Business
- Business Wire
RCI Announces 38th Consecutive Quarterly Cash Dividend
HOUSTON--(BUSINESS WIRE)--RCI Hospitality Holdings, Inc. (Nasdaq: RICK) announced today it has declared a quarterly cash dividend of $0.07 per common share for the fiscal 2025 third quarter ending June 30, 2025. The 3Q25 dividend is payable June 30, 2025 to holders of record at the close of business June 16, 2025. This marks RCI's 38th consecutive quarter of paying cash dividends since they were initiated in the fiscal 2016 second quarter. 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
Yahoo
20-05-2025
- Business
- Yahoo
Investors Can Find Comfort In RCI Hospitality Holdings' (NASDAQ:RICK) Earnings Quality
The market for RCI Hospitality Holdings, Inc.'s (NASDAQ:RICK) shares didn't move much after it posted weak earnings recently. We did some digging, and we believe the earnings are stronger than they seem. Our free stock report includes 3 warning signs investors should be aware of before investing in RCI Hospitality Holdings. Read for free now. Importantly, our data indicates that RCI Hospitality Holdings' profit was reduced by US$27m, due to unusual items, over the last year. While deductions due to unusual items are disappointing in the first instance, there is a silver lining. When we analysed the vast majority of listed companies worldwide, we found that significant unusual items are often not repeated. And that's hardly a surprise given these line items are considered unusual. In the twelve months to March 2025, RCI Hospitality Holdings had a big unusual items expense. All else being equal, this would likely have the effect of making the statutory profit look worse than its underlying earnings power. Note: we always recommend investors check balance sheet strength. Click here to be taken to our balance sheet analysis of RCI Hospitality Holdings. As we discussed above, we think the significant unusual expense will make RCI Hospitality Holdings' statutory profit lower than it would otherwise have been. Because of this, we think RCI Hospitality Holdings' underlying earnings potential is as good as, or possibly even better, than the statutory profit makes it seem! Unfortunately, though, its earnings per share actually fell back over the last year. At the end of the day, it's essential to consider more than just the factors above, if you want to understand the company properly. If you want to do dive deeper into RCI Hospitality Holdings, you'd also look into what risks it is currently facing. In terms of investment risks, we've identified 3 warning signs with RCI Hospitality Holdings, and understanding them should be part of your investment process. This note has only looked at a single factor that sheds light on the nature of RCI Hospitality Holdings' profit. But there are plenty of other ways to inform your opinion of a company. Some people consider a high return on equity to be a good sign of a quality business. So you may wish to see this free collection of companies boasting high return on equity, or this list of stocks with high insider ownership. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Yahoo
14-05-2025
- Business
- Yahoo
RCI Hospitality Holdings Second Quarter 2025 Earnings: EPS: US$0.36 (vs US$0.083 in 2Q 2024)
Revenue: US$65.9m (down 8.9% from 2Q 2024). Net income: US$3.23m (up 317% from 2Q 2024). Profit margin: 4.9% (up from 1.1% in 2Q 2024). EPS: US$0.36 (up from US$0.083 in 2Q 2024). Our free stock report includes 3 warning signs investors should be aware of before investing in RCI Hospitality Holdings. Read for free now. All figures shown in the chart above are for the trailing 12 month (TTM) period RCI Hospitality Holdings shares are up 11% from a week ago. Before you take the next step you should know about the 3 warning signs for RCI Hospitality Holdings that we have uncovered. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
