RCI Hospitality Is Buying Back Its Stock At An Incredible Pace
RCI Hospitality's Bombshells segment posted 25.4% year-over-year revenue growth and 4.7% same-store sales growth in the third quarter, outperforming the Nightclubs segment, which grew 1% year-over-year while same-store sales fell 0.8% and contributing locations dropped to 56. Robust free cash flow continues to support share buybacks, with weighted average shares outstanding falling by 1.14 million, alongside a 1.14% dividend yield.
Why it matters — A RICK watcher would care because accelerating Bombshells growth and continued cash-flow-backed buybacks point to improving segment performance and a shrinking share count.