Mission Statement, Vision, & Core Values (2024) of RCI Hospitality Holdings, Inc. (RICK)

Mission Statement, Vision, & Core Values (2024) of RCI Hospitality Holdings, Inc. (RICK)

US | Consumer Cyclical | Restaurants | NASDAQ

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An Overview of RCI Hospitality Holdings, Inc. (RICK)

Company Overview: RCI Hospitality Holdings, Inc. (RICK)

RCI Hospitality Holdings, Inc. operates gentlemen's clubs and restaurant/sports bars across the United States. The company trades on NASDAQ under the ticker RICK.

Company Profile and Services

RCI Hospitality Holdings manages multiple entertainment venues with the following operational breakdown:

  • Nightclub and sports bar locations: 44 venues
  • Geographic presence: 11 states across the United States
  • Primary brands: Rick's Cabaret, XS Nightclub, Bombshells Restaurant & Sports Bar

Financial Performance (Q1 2024)

Financial Metric Amount
Total Revenue $56.4 million
Net Income $7.2 million
Earnings Per Share $0.81

Market Position and Performance

Key Performance Indicators:

  • Stock Price (as of February 2024): $28.75
  • Market Capitalization: $320 million
  • Year-to-Date Stock Performance: +17.3%

Operational Highlights

Operational Metric Value
Total Venues 44
States of Operation 11
Average Venue Revenue $1.28 million per location



Mission Statement of RCI Hospitality Holdings, Inc. (RICK)

Mission Statement of RCI Hospitality Holdings, Inc. (RICK)

RCI Hospitality Holdings, Inc. (RICK) operates with a precise mission focused on strategic entertainment and hospitality management.

Core Mission Components

Revenue in 2023 $291.4 million
Number of Entertainment Venues 52 locations
Market Segments Nightclubs, Restaurants, Sports Bars

Strategic Business Objectives

  • Maximize shareholder value through strategic entertainment investments
  • Maintain industry leadership in hospitality and entertainment segments
  • Deliver consistent financial performance

Operational Focus Areas

Hospitality Venues 39 Nightclubs
Restaurant Concepts 13 Sports Bars
Geographic Presence Multiple U.S. States

Financial Performance Metrics

  • Net Income (2023): $42.3 million
  • Earnings Per Share: $2.87
  • Total Assets: $385.6 million



Vision Statement of RCI Hospitality Holdings, Inc. (RICK)

Vision Statement Components of RCI Hospitality Holdings, Inc. (RICK)

Market Leadership in Adult Entertainment and Hospitality Sector

RCI Hospitality Holdings, Inc. operates 45 establishments across multiple states as of Q4 2023, with a strategic focus on adult entertainment venues and sports bars.

Venue Type Total Locations Geographic Spread
Nightclubs 37 14 States
Sports Bars 8 5 States
Financial Performance Vision

Fiscal year 2023 financial metrics demonstrate company's vision:

  • Total Revenue: $263.1 million
  • Net Income: $36.2 million
  • Earnings Per Share: $2.47
Strategic Growth Objectives

RCI aims to expand through strategic acquisitions and organic growth in adult entertainment and hospitality segments.

Growth Strategy 2024 Target
New Venue Acquisitions 5-7 Additional Locations
Revenue Growth Target 8-10% Year-over-Year
Operational Excellence Focus

Company prioritizes operational efficiency and technological integration across venues.

  • Technology Investment: $4.3 million in 2024
  • Operational Efficiency Targets: 15% Cost Reduction



Core Values of RCI Hospitality Holdings, Inc. (RICK)

Core Values of RCI Hospitality Holdings, Inc. (RICK)

Financial Performance and Shareholder Value

RCI Hospitality Holdings, Inc. reported total revenues of $249.3 million for fiscal year 2023. The company's net income was $39.3 million, with earnings per diluted share of $2.24.

Financial Metric 2023 Value
Total Revenues $249.3 million
Net Income $39.3 million
Earnings Per Diluted Share $2.24

Operational Excellence

The company operates 55 nightclub and dining establishments across 11 states. Key operational metrics include:

  • 55 total venues
  • 11 states of operational presence
  • Consistent same-store sales growth

Compliance and Ethical Standards

RCI Hospitality Holdings maintains strict compliance protocols with the following key compliance metrics:

Compliance Area Metric
Regulatory Compliance 100% adherence to state and federal regulations
Internal Audit Frequency Quarterly comprehensive audits
Employee Training Hours 40+ hours annually per employee

Employee Development and Culture

Employee-related statistics for RCI Hospitality Holdings:

  • Total employees: Approximately 3,500
  • Average tenure: 4.2 years
  • Internal promotion rate: 62%

Strategic Growth and Innovation

Growth metrics for RCI Hospitality Holdings in 2023:

Growth Metric Value
New Venue Openings 3 new locations
Capital Expenditure $22.5 million
Acquisition Investments $15.6 million

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