HOUSTON, Nov. 5, 2024
/PRNewswire/ -- As part of its aggressive actions to improve the
performance of the Bombshells segment, RCI Hospitality Holdings,
Inc. (Nasdaq: RICK) announced the decision to permanently close two
underperforming leased locations and sell a third. The company said
that Bombshells Spring at 21005 Interstate 45 N, Spring, TX, and Bombshells Houston-South at
12810 Gulf Freeway, Houston, TX
have been closed and that there are plans to sell Bombshells Austin
at 15119 N Interstate Hwy 35, Pflugerville, TX. RCI said it will disclose
related financial details when it reports fourth quarter and year
end results which are expected by December
16, 2024.
About RCI Hospitality Holdings, Inc. (Nasdaq: RICK) (X:
@RCIHHinc)
With more than 60 locations, RCI Hospitality Holdings, Inc.,
through its subsidiaries, is the country's leading company in adult
nightclubs and sports bars-restaurants. See all of our brands at
www.rcihospitality.com.
Forward-Looking Statements
This press release may contain forward-looking statements that
involve a number of risks and uncertainties that could cause the
company's actual results to differ materially from those indicated,
including, but not limited to, the risks and uncertainties
associated with (i) operating and managing an adult entertainment
or restaurant business, (ii) the business climates in cities where
it operates, (iii) the success or lack thereof in launching and
building the company's businesses, (iv) cyber security, (v)
conditions relevant to real estate transactions, (vi) the impact of
the COVID-19 pandemic, and (vii) numerous other factors such as
laws governing the operation of adult entertainment or restaurant
businesses, competition and dependence on key personnel. For more
detailed discussion of such factors and certain risks and
uncertainties, see RCI's annual report on Form 10-K for the year
ended September 30, 2023, as well as
its other filings with the U.S. Securities and Exchange Commission.
The company has no obligation to update or revise the
forward-looking statements to reflect the occurrence of future
events or circumstances.
Media & Investor Contacts
Gary Fishman and Steven Anreder at 212-532-3232 or
gary.fishman@anreder.com and
steven.anreder@anreder.com
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SOURCE RCI Hospitality Holdings, Inc.