Last week, RCI Hospitality Holdings, Inc. (Nasdaq: RICK) reported results and filed its Form 10-K for the fiscal 2022 fourth quarter and year ended September 30, 2022.
Total Revenues were up 29% year over year with a total of $71.4 million for 4Q22 and an earning per share of $1.15
Eric Langan, President and CEO of RCI Hospitality Holdings, Inc., said: “We had a great FY22 and look forward to a strong FY23. Our nightclub business should see the full year benefit of the 15 acquisitions and two reopenings in FY22” ….. “We’ll also be developing our exciting new Rick’s Cabaret Steakhouse & Casino in Central City, CO. The focus of our Bombshells business will be creating a strong lineup of new company-owned and franchised units in Texas, Alabama, and Colorado that should start opening in FY24…”
The CEO has seen his stock price hit a 52 week high recently and has been utilizing Twitter to get the word out about his company. Mark Moron of Equity Animal, an investor relations firm for Rick’s, seems to be pushing social media use – which seems to be working in their favor. The company even held their conference call on Twitter Spaces, something Elon Musk said he would recently start doing.
The company also owns Bombshells restaurants which it plans to expand on through franchise opportunities.
