secwatch.observer — SEC 8-K summary
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Issuer:     RCI HOSPITALITY HOLDINGS, INC. (RICK)
CIK:        0000935419
Form:       8-K
Filed at:   2024-07-11T23:59:59+00:00
Accession:  0001628280-24-031665
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

RCI reports 3Q24: nightclub sales up 0.7%, Bombshells down 8.9%; buyback increased $25M
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- Nightclubs sales $62.4M (+0.7% YoY); same-store sales +1.7%, first quarterly increase since 2Q23.
- Bombshells sales $13.1M (-8.9% YoY); same-store sales -16.2%, but total sales up 2.7% sequentially.
- Board authorized $25.0M increase in share repurchase program; full Q3 results expected by Aug 8.
- Withdrew Colorado casino license applications; will open Rick's Cabaret & Steakhouse without gambling.
- Hurricane Beryl: most Houston-area clubs/restaurants reopened; a few await power restoration; minor damage.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/935419/000162828024031665/0001628280-24-031665-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/935419/000162828024031665/rick-20240711.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-031665

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