Earnings summaries and quarterly performance for RCI HOSPITALITY HOLDINGS.
Executive leadership at RCI HOSPITALITY HOLDINGS.
Board of directors at RCI HOSPITALITY HOLDINGS.
Research analysts who have asked questions during RCI HOSPITALITY HOLDINGS earnings calls.
Recent press releases and 8-K filings for RICK.
RCI Hospitality Holdings Announces Leadership Changes
RICK
CEO Change
CFO Change
Management Change
- RCI Hospitality Holdings announced leadership changes effective November 28, 2025, with Eric Langan stepping down as President and CEO and Bradley Chhay as CFO.
- Travis Reese and Albert Molina have been appointed as interim President/CEO and CFO, respectively, while Langan and Chhay will remain with the company to advise on strategic corporate transactions, financial budgeting, capital allocation, and mergers and acquisitions.
- These changes occur amidst a stock decline of over 50% in the past year and a recent 3.1% drop in quarterly sales.
- In the most recent quarter, the Bombshells restaurant segment experienced a 21.2% drop in sales, reaching $9.4 million, while the Nightclubs segment saw a 0.4% sales increase.
6 days ago
RCI Hospitality Holdings, Inc. announces stock repurchase and promissory note issuance
RICK
Share Buyback
Debt Issuance
- RCI Hospitality Holdings, Inc. (RICK) entered into a Stock Repurchase Agreement on November 21, 2025, to repurchase 821,000 shares of common stock from ADW Capital Partners, L.P..
- The total purchase price for the shares was $30,000,000.00.
- The payment consisted of $8,000,000 in cash and a $22,000,000.00 two-year unsecured promissory note.
- The promissory note bears interest at 12% per annum and is payable in 23 equal monthly payments of $1,000,000, with a final lump sum payment due on November 21, 2027.
- In connection with the transaction, Centennial Bank temporarily adjusted the debt service coverage ratio requirement from 1.40X to 1.25X until June 30, 2026.
Nov 25, 2025, 9:11 PM
RCI Hospitality Holdings Investors Reminded of Lead Plaintiff Deadline in Class Action Lawsuit
RICK
Legal Proceedings
- Bragar Eagel & Squire, P.C. has commenced a class action lawsuit on behalf of stockholders of RCI Hospitality Holdings, Inc. (NASDAQ:RICK).
- The class period for the RCI Hospitality Holdings lawsuit is from December 15, 2021 to September 16, 2025.
- The deadline for stockholders to petition the court to serve as lead plaintiff in the RCI Hospitality Holdings case is November 20, 2025.
- The lawsuit alleges that defendants engaged in tax fraud and bribery to conceal it, leading to understated legal risk and materially false/misleading statements about the company's business, operations, and prospects.
Nov 17, 2025, 10:10 PM
RCI Hospitality Holdings Reports Q4 and FY2025 Sales and Development Updates
RICK
Earnings
New Projects/Investments
Demand Weakening
- RCI Hospitality Holdings, Inc. reported combined total sales of $69.8 million for Q4 2025, representing a 3.1% decrease compared to Q4 2024, with combined same-store sales declining by 6.3%.
- For fiscal year 2025, combined total sales were $276.6 million, down 5.5% from FY24, and combined same-store sales decreased by 3.5%.
- The company announced the reopening of Dallas Showclub as XTC 2.0 on October 9, 2025, and is in the final stages of negotiating contracts to sell non-income producing and underperforming properties to reduce debt and generate cash.
- Other development updates include the planned opening of a new Bombshells in Rowlett, TX, in December, and receiving a critical zoning change for the reconstruction of Baby Dolls Fort Worth.
Oct 9, 2025, 8:04 PM
RCI Hospitality Holdings, Inc. Issues New 12% Unsecured Promissory Notes and Modifies Existing Debt
RICK
Debt Issuance
- On October 1, 2025, RCI Hospitality Holdings, Inc. completed debt modification transactions and issued new 12% unsecured promissory notes.
- The company extended the maturity dates for $2,800,000 in existing unsecured promissory notes from seven investors and for an additional $250,000 from two investors, which also included a principal increase.
- Additionally, RCI Hospitality Holdings, Inc. issued $3,000,000 in new 12% unsecured promissory notes to three new investors, raising a total of $3,250,000 in new debt financing.
- All new and amended notes are Series A 12% Unsecured Promissory Notes, bearing a 12% annual interest rate, with interest-only payments monthly in arrears and a final lump sum principal payment due on October 1, 2028.
Oct 7, 2025, 8:28 PM
RCI Hospitality Holdings, Inc. and Executives Indicted on Tax and Bribery Charges
RICK
Legal Proceedings
Management Change
- RCI Hospitality Holdings, Inc., its Chief Executive Officer Eric Langan, Chief Financial Officer Bradley Chhay, three employees, and three New York City clubs were indicted on September 16, 2025, in New York on state charges.
- The indictment alleges conspiracy, bribery, criminal tax fraud, and offering a false instrument for filing, specifically related to the non-payment of sales taxes and bribery of a state sales tax auditor.
- The company and the individuals involved deny the allegations and plan to vigorously defend themselves against the charges.
- The three New York City clubs involved, Rick's Cabaret, Vivid Cabaret, and Hoops Cabaret and Sports Bar, remain open for business.
Sep 19, 2025, 8:20 PM
RCI Hospitality Holdings Faces Investor Scrutiny After Tax Fraud Indictment
RICK
Legal Proceedings
Financial Restatement
- On September 16, 2025, RCI Hospitality Holdings, Inc. (RICK) shares declined almost 16% after the New York Attorney General (NYAG) filed a Grand Jury indictment.
- The indictment accuses RCI, CEO Eric Langan, CFO Bradley Chhay, and others of bribery, conspiracy, and criminal tax fraud.
- These charges stem from an alleged scheme to bribe a government tax auditor to avoid sales tax assessments for RCI's New York strip clubs.
- Shareholder rights firm Hagens Berman has opened an investigation into whether RCI misled investors about its adherence to laws, internal controls, and accounting rules.
Sep 17, 2025, 8:31 PM
Quarterly earnings call transcripts for RCI HOSPITALITY HOLDINGS.
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