RCI Hospitality Appoints New Interim CEO and CFO Amid Strategic Restructuring
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 28 2025
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Source: Newsfilter
- Leadership Changes: RCI Hospitality Holdings has appointed Travis Reese as Interim CEO and Albert Molina as Interim CFO, succeeding Eric Langan and Bradley Chhay, aiming to drive strategic transformation to address market challenges.
- Continued Involvement: Although Langan has stepped down as CEO, he will remain on the board and provide strategic consulting for subsidiaries, particularly in identifying acquisition targets and negotiating deals, ensuring ongoing development in M&A activities.
- Financial Management Expertise: New CFO Molina has served as Director of Financial Reporting since 2016 and brings extensive SEC reporting experience, which is expected to enhance RCI's financial transparency and compliance through his background in publicly traded companies.
- Technical Background: Interim CEO Reese has held various roles since 1999, particularly in information technology and internal systems development, which will aid in advancing the company's digital transformation and improving operational efficiency.
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About RICK
RCI Hospitality Holdings, Inc. is a holding company that, through its subsidiaries, is engaged in businesses that offer live adult entertainment and/or dining experiences to its guests. The Company’s segments include Nightclubs and Bombshells. Its portfolio includes a variety of adult nightclub brands, formats and footprints that target different customers by providing quality entertainment environments. Its nightclub brands include Rick’s Cabaret, Tootsie’s Cabaret, Jaguars Club, Club Onyx, Diamond Cabaret, XTC Cabaret, Hoops Cabaret, STUDIO80, Cheetah HALLANDALE BEACH, HEARTBREAKERS, KAPPA MEN’S CLUB, TEMPTATIONS, DALLAS showclub, SILVER CITY CABARET, and Flight Club. Its Bombshells Restaurant & Bar is a military-themed, next generation, sports bar-casual dining restaurant brand with a focus on entertainment and fun. Bombshells attracts singles, couples, and families and features four major dayparts, such as lunch, happy hour, dinner, and late night.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
RCI Hospitality (RICK) Reports $70.3M Q1 Sales with Strong Nightclub Performance
- Total Sales Growth: RCI Hospitality reported total sales of $70.3 million for Q1 of fiscal 2026, with nightclubs generating $61.9 million, indicating stable performance in the market.
- New Club Contributions: Five newly opened nightclubs contributed $4.9 million in sales, while same-store sales from 52 clubs produced $57.0 million, showcasing the success of new business expansions.
- Bombshells Restaurant Performance: Bombshells reported quarterly sales of $8.4 million, with two new locations generating $1.8 million and nine same-store locations achieving $6.6 million, despite a $1.2 million sales reduction from four underperforming locations closed last year.
- Market Challenges and Opportunities: Although sales were impacted in October and November due to customer uncertainty from the U.S. government shutdown, RCI still achieved year-over-year growth in higher-margin club service revenues in Q1, demonstrating resilience in adversity.
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RCI Hospitality Announces Preliminary Q4 Results
Q4 Revenue and Expansion: RCI Hospitality reported Q4 revenue of $70.9 million, successfully opened Bombshells in Lubbock, TX, and expanded operations at Rick's Cabaret & Steakhouse in Central City, CO.
Share Repurchase and Sales: The company repurchased 72,739 common shares for $2.7 million and sold a small club in Harlingen, TX for $600,000 cash, with a lease starting January 1, 2026.
New Partnerships and Acquisitions: RCI entered a partnership with Jonathan Joseph, selling 49% of Rick's Cabaret Austin for $1.8 million, and acquired 821,000 shares from ADW Capital Partners.
Management Changes and Stock Performance: RCI appointed Reese as interim President and CEO and Molina as interim CFO, while shares fell following Q4 and FY25 club and restaurant sales results.
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