RCI Hospitality Expands Portfolio With Flight Club Acquisition

Zacks01-23 22:17

RCI Hospitality Holdings, Inc. RICK has completed the acquisition of Flight Club, a prominent gentlemen's club, located near Detroit Metro Airport.The total purchase price was $11 million, including $...

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RICK has completed the acquisition of Flight Club, a prominent gentlemen's club, located near Detroit Metro Airport.The total purchase price was $11 million, including $...</p>\n\n<a href=\"https://finance.yahoo.com/news/rci-hospitality-expands-portfolio-flight-141700367.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>RCI Hospitality Expands Portfolio With Flight Club Acquisition</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nRCI Hospitality Expands Portfolio With Flight Club Acquisition\n</h2>\n\n<h4 class=\"meta\">\n\n\n2025-01-23 22:17 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/rci-hospitality-expands-portfolio-flight-141700367.html><strong>Zacks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>RCI Hospitality Holdings, Inc. RICK has completed the acquisition of Flight Club, a prominent gentlemen's club, located near Detroit Metro Airport.The total purchase price was $11 million, including $...</p>\n\n<a href=\"https://finance.yahoo.com/news/rci-hospitality-expands-portfolio-flight-141700367.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU2152927971.USD","symbol_name":"NORDEA 1 ASIAN STARS EQUITY \"BP\" (USD) ACC","start_time":0,"source_url":"https://finance.yahoo.com/news/rci-hospitality-expands-portfolio-flight-141700367.html","article_id":"2505048183","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2505048183","pubTimestamp":1737641820,"columns":[],"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"RCI Hospitality Holdings, Inc. RICK has completed the acquisition of Flight Club, a prominent gentlemen's club, located near Detroit Metro Airport.The total purchase price was $11 million, including $3 million in cash, $5 million in seller financing at 8% and $3 million in cash for the associated real estate.The strategic acquisition aligns with the company’s portfolio of high-end clubs with restaurants in key cities. It marks the first club purchase since the launch of RICK’s 5-Year 'Back to Basics' Capital Allocation Plan. This acquisition is expected to contribute approximately $2 million in annualized adjusted EBITDA.The 10,000-square-foot property in Inkster, MI, has been recently renovated and offers upscale entertainment. The business is well-established and is expected to benefit from RICK’s marketing, purchasing and systems expertise.RICK’s Focus on Back to Basics & Capital Allocation Strategies. RCI Hospitality currently has a Zacks Rank #5 .Some better-ranked stocks in the Z","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU2152927971.USD":"NORDEA 1 ASIAN STARS EQUITY \"BP\" (USD) ACC","CUK":"嘉年华存托凭证","BK4132":"无线电信业务","LU0359202008.SGD":"Blackrock China Fund A2 SGD-H","LU1023057109.AUD":"BGF CHINA \"A2\" (AUDHDG) ACC","LU0650527681.SGD":"Fidelity China Consumer A-SGD","BK4588":"碎股","BK4526":"热门中概股","LU2399975544.HKD":"ALLIANZ ALL CHINA EQUITY \"AT\" (HKD) ACC","CCL":"嘉年华邮轮","LU0048580855.USD":"富达大中华区A","BK4517":"邮轮概念","TCOM":"携程网","LU1366192091.USD":"ALLIANZ US EQUITY PLUS \"AM\" (USD) INC","IE00B0JY6N72.USD":"PINEBRIDGE GLOBAL EMERGING MARKETS FOCUS EQUITY \"A\" (USD) ACC","LU1868838027.USD":"CT (LUX) I GLOBAL EMERGING MARKET EQUITIES \"8\" (USD) ACC","BK4547":"WSB热门概念","LU0228659784.USD":"施罗德金砖四国基金","LU0049853897.USD":"SCHRODER ISF EMERGING MARKETS \"A\" (USD) INC AV","LU0143863784.USD":"CT (LUX) I GLOBAL EMERGING MARKET EQUITIES\"DU\" (USD) ACC","RCL":"皇家加勒比邮轮","RICK":"RCI酒店控股","LU0561508036.HKD":"ALLIANZ CHINA EQUITY \"A\" (HKD) INC","BK4209":"餐馆","LU1720050803.USD":"安联全方位中国股票基金","BK4142":"酒店、度假村与豪华游轮","LU1868837565.USD":"CT (LUX) I GLOBAL EMERGING MARKET EQUITIES \"1\" (USD) ACC","LU0737861772.HKD":"FIDELITY EMERGING ASIA \"A \" (HKD) ACC","LU0348825331.USD":"ALLIANZ CHINA EQUITY \"A\" (USD) INC","LU0828237510.HKD":"SCHRODER ISF BIC (BRAZ IN CH)\"A\" (HKD) ACC","LU1794554557.SGD":"Allianz All China Equity AT Acc H2-SGD","RCI":"罗杰斯通信","LU0143863198.USD":"CT (LUX) I GLOBAL EMERGING MARKET EQUITIES\"AU\" (USD) ACC","BK4532":"文艺复兴科技持仓","LU0329678170.USD":"FIDELITY EMERGING ASIA \"A\" (USD) INC","LU0370786039.SGD":"Fidelity Greater China A-SGD","LU0327786744.USD":"Janus Henderson Horizon China Opportunities A2 USD","LU0051755006.USD":"摩根大通中国A (dist)","BK4531":"中概回港概念","LU0329678337.USD":"FIDELITY EMERGING ASIA \"A\" (USD)","IE00B3M56506.USD":"NEUBERGER BERMAN EMERGING MARKETS EQUITY \"A\" (USD) ACC","LU1868837722.USD":"CT (LUX) I GLOBAL EMERGING MARKET EQUITIES \"2\" (USD) ACC","BK4585":"ETF&股票定投概念","LU0417516902.SGD":"Allianz China Equity Cl AT Acc SGD","LU0106252389.USD":"SCHRODER ISF EMERGING MARKETS \"A\" ACC","LU0315179316.USD":"EASTSPRING INVESTMENTS ASIAN DYNAMIC \"A\" (USD) ACC","LU0593848301.USD":"未来资产亚洲卓越消费股票基金A","BK4566":"资本集团","LU0348827113.USD":"ALLIANZ RCM CHINA \"AT\" ACC","LU0359201612.USD":"贝莱德中国基金A2"},"translate_title":"RCI Hospitality通过收购Flight Club扩大产品组合","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"TCOM":1,"RICK":1,"RCL":1,"RCI":1,"CCL":1,"CUK":0.9},"content_text":"RCI Hospitality Holdings, Inc. RICK has completed the acquisition of Flight Club, a prominent gentlemen's club, located near Detroit Metro Airport.The total purchase price was $11 million, including $3 million in cash, $5 million in seller financing at 8% and $3 million in cash for the associated real estate.\nBenefits of the Acquisition\nThe strategic acquisition aligns with the company’s portfolio of high-end clubs with restaurants in key cities. It marks the first club purchase since the launch of RICK’s 5-Year 'Back to Basics' Capital Allocation Plan. This acquisition is expected to contribute approximately $2 million in annualized adjusted EBITDA.The 10,000-square-foot property in Inkster, MI, has been recently renovated and offers upscale entertainment. The business is well-established and is expected to benefit from RICK’s marketing, purchasing and systems expertise.\nRICK’s Focus on Back to Basics & Capital Allocation Strategies\nThe company’s Back-to-Basics approach aims to improve business conditions in response to economic challenges. RICK focuses on enhancing the efficiency and profitability of its locations. This initiative emphasizes increasing same-store sales, improving margins and rebranding underperforming locations for better results.During fourth-quarter 2024 earnings call, the company highlighted significant progress with the Back-to-Basics plan. This includes continuing to buy back more shares in the first quarter of 2025. The company also divested four underperforming Bombshells locations, closed the Denver food hall, reduced Bombshells-related debt and stopped franchising.Looking ahead, the company plans to focus on its core nightclub businesses and pursue new acquisitions. For Bombshells, the company aims to improve the performance of existing locations and complete the remaining three units under construction.Regarding capital allocation, the company expects to generate more than $250 million in free cash flow in the next five years. Half of this will be used for club acquisitions and debt repayment, while the other half will be directed toward share buybacks and dividends.\nRICK Stock Price Performance\nImage Source: Zacks Investment Research\nShares of the company have gained 25.1% in the past three months compared with the Zacks Leisure and Recreation Services industry’s 7.4% growth. The company is benefiting from consistent progress with its Back-to-Basics approach and a strong capital allocation strategy. These efforts are driving operational improvements and enhancing its shareholder value. Also, the focus on enhancing the company’s existing portfolio bodes well for its growth prospects.\nRICK’s Zacks Rank & Key Picks\nRCI Hospitality currently has a Zacks Rank #5 (Strong Sell).Some better-ranked stocks in the Zacks Consumer Discretionary sector are as follows:Trip.com Group Limited TCOM currently has a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.TCOM delivered a trailing four-quarter earnings surprise of 42.8%, on average. The stock has surged 81.5% in the past year. The Zacks Consensus Estimate for TCOM’s 2025 sales and earnings per share (EPS) indicates growth of 15.1% and 7.4%, respectively, from the year-ago levels.Carnival Corporation & plc CCL currently carries a Zacks Rank #2 (Buy). CCL delivered a trailing four-quarter earnings surprise of 326.4%, on average. The stock has surged 57% in the past year.The Zacks Consensus Estimate for CCL’s fiscal 2025 sales and EPS indicates growth of 4.1% and 24.7%, respectively, from the year-ago levels.Royal Caribbean Cruises Ltd. RCL currently carries a Zacks Rank #2. RCL delivered a trailing four-quarter earnings surprise of 16.2%, on average. The stock has surged 88.2% in the past year.The Zacks Consensus Estimate for RCL’s 2025 sales and EPS indicates growth of 9.4% and 23.9%, respectively, from the year-ago levels.\nWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report\nCarnival Corporation (CCL) : Free Stock Analysis Report\nRoyal Caribbean Cruises Ltd. (RCL) : Free Stock Analysis Report\nRCI Hospitality Holdings, Inc. (RICK) : Free Stock Analysis Report\nTrip.com Group Limited Sponsored ADR (TCOM) : Free Stock Analysis Report\nTo read this article on Zacks.com click here.\nZacks Investment Research","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"corporation,merge","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.30.2","shortVersion":"4.30.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2505048183"}