RCI Hospitality Holdings, Inc. (RICK) Bundle
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 SectorRCI 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 |
Fiscal year 2023 financial metrics demonstrate company's vision:
- Total Revenue: $263.1 million
- Net Income: $36.2 million
- Earnings Per Share: $2.47
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 |
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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