secwatch.observer — SEC 8-K summary
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Issuer:     RCI HOSPITALITY HOLDINGS, INC. (RICK)
CIK:        0000935419
Form:       8-K
Filed at:   2024-04-09T23:59:59+00:00
Accession:  0001628280-24-015445
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

RCI Q2 sales $71.7M, up 1.3% YoY; same-store sales drop 8.6%
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- Nightclubs sales $59.0M (+4.2% YoY); same-store sales declined 5.7%.
- Bombshells sales $12.8M (-10.4% YoY); same-store sales fell 20.5%.
- Repurchased 27,265 shares for $1.5M in Q2; remaining authorization $13M.
- New $20M bank loan at 8.25% fixed, 10-year, secured by 9 properties appraised at $31.6M.
- Development: PT's Centerfold opened in Lubbock; Scarlett's received 24-hr liquor license; Bombshells locations expected late summer 2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/935419/000162828024015445/0001628280-24-015445-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/935419/000162828024015445/rick-20240409.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-015445

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