RCI HOSPITALITY HOLDINGS, INC.

RCI Hospitality Holdings, Inc. reported strong fiscal third-quarter 2026 results, with total revenues increasing to $73.9 million and GAAP EPS rising to $0.83. The company saw improved performance across key metrics, including net income and Adjusted EBITDA, driven by growth in both Nightclubs and Bombshells segments. RCI also continued to execute its capital allocation strategy by reducing debt and buying back shares.

RCI Hospitality Holdings, Inc. reported a 4.0% increase in total club and sports bar sales for the third fiscal quarter ended June 30, 2026, reaching $73.3 million. This growth was primarily driven by Bombshells, which saw a 25.9% sales increase to $10.8 million and a 4.7% rise in same-store sales, benefiting from new locations and strong performance. Nightclub sales also contributed with a 1.0% increase to $62.5 million, though same-store sales for nightclubs declined by 0.8%.

RCI Hospitality Holdings, Inc. announced its Annual Meeting of Stockholders for August 20, 2026, where shareholders will elect six directors, ratify auditors, and vote on executive compensation. The filing also disclosed significant legal issues, including a September 2025 indictment of the company and former CEO Eric Langan for conspiracy, bribery, and tax fraud in New York. Additionally, it detailed a September 2020 SEC settlement with the company and Langan for undisclosed executive compensation and related party transactions, alongside recent management changes and ongoing related party dealings.

RCI Hospitality Holdings, Inc. reported mixed results for its fiscal 2026 second quarter, with total revenues increasing to $68.7 million. While GAAP EPS declined to $(0.04) due to higher non-cash impairments and other charges, non-GAAP EPS grew 20% to $0.78. The company also saw improved performance in net cash provided by operating activities, free cash flow, and Adjusted EBITDA, alongside continued share buybacks.

RCI Hospitality Holdings, Inc. reported a net loss of $(5.06) million for the six months ended March 31, 2026, and a net loss of $(0.33) million for the three months, a significant decline from the prior year. This comes amidst a major management shake-up, with CEO Eric Langan and CFO Bradley Chhay stepping down, and an interim leadership team appointed. These changes follow a New York Attorney General indictment and an SEC investigation related to alleged tax fraud and bribery. The company also saw increased impairment charges and a substantial non-operating loss from stock repurchases.

RCI Hospitality Holdings, Inc. announced it received a written notice from Nasdaq on May 20, 2026, indicating non-compliance with Listing Rule 5250(c)(1). This non-compliance stems from the company's failure to file its Quarterly Report on Form 10-Q for the quarter ended March 31, 2026. The company has until July 20, 2026, to submit a plan to regain compliance, with a potential extension until November 16, 2026, if the plan is accepted. The notice currently has no immediate impact on the listing of its common stock.

RCI Hospitality Holdings, Inc. announced that it has regained compliance with Nasdaq's periodic filing requirement, Listing Rule 5250(c)(1). This follows the company's filing of its quarterly report on Form 10-Q for the fiscal quarter ended December 31, 2025, on May 7, 2026. Nasdaq confirmed on May 8, 2026, that the matter is now closed.

RCI Hospitality Holdings, Inc. reported a net loss of $(4.7) million, or $(0.57) per diluted share, for the fiscal first quarter ended December 31, 2025, a significant decline from a net income of $9.0 million in the prior year. Total revenues slightly decreased to $70.8 million. The company noted that the decline in net income primarily reflects $10.1 million in net charges for the quarter and sales headwinds from a U.S. government shutdown, while also highlighting over one million shares bought back in FY26 to date.

RCI Hospitality Holdings announced that CEO Eric Langan and CFO Bradley Chhay stepped down, replaced by interim officers, following an indictment by the New York Attorney General for criminal tax fraud and bribery. The company also received an SEC subpoena and faces multiple shareholder lawsuits related to these issues. Financially, the company reported a net loss of $4.65 million for the quarter, a significant decline from the $9.07 million net income in the prior year, with total revenues also slightly decreasing.

RCI Hospitality Holdings, Inc.'s subsidiary, RCI Internet Services, Inc., experienced a cybersecurity incident between March 19 and March 23, 2026. The breach potentially exposed personal information of numerous independent contractors, including names, contact details, dates of birth, social security numbers, and driver's license numbers. The company confirmed that no customer information or financial systems were accessed and believes the incident will not have a material adverse effect on its business operations, with associated costs covered by its cybersecurity insurance policy.