secwatch.observer — SEC 8-K summary
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Issuer:     RCI HOSPITALITY HOLDINGS, INC. (RICK)
CIK:        0000935419
Form:       8-K
Filed at:   2023-07-12T23:59:59+00:00
Accession:  0001628280-23-024789
Event type: other_material
Sentiment:  negative
Materiality: 0.55
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

RCI reports 3Q23 preliminary sales $76.4M (+8.9% YoY); same-store sales down 9.6%
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- Nightclubs sales $62.0M (+14.1% YoY); same-store sales fell 7.3%, first decline after 9 consecutive quarterly increases.
- Bombshells sales $14.4M (-9.0% YoY); same-store sales dropped 18.2%.
- Acquisitions contributed $12.2M to nightclubs and $1.8M to Bombshells; macro uncertainty cited as headwind.
- New club openings in Fort Worth & Lubbock expected in FY24; Bombshells Stafford opening in 4Q23.
- Full 3Q23 financial results expected on or around August 9, 2023.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/935419/000162828023024789/0001628280-23-024789-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/935419/000162828023024789/rick-20230711.htm
  HTML page:      https://secwatch.observer/filing/0001628280-23-024789

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer