RCI Hospitality Appoints New Interim Executives, Strategic Direction Continues
- Executive Changes: RCI Hospitality has appointed Travis Reese as interim President and CEO and Albert Molina as interim CFO, succeeding Eric Langan and Bradley Chhay, ensuring strategic continuity amid leadership transitions.
- Strategic Advisory Role: Although Langan has stepped down as CEO, he will remain on the board and advise subsidiaries on strategic transactions, ensuring the continuity of experience in key decision-making processes.
- Financial Management Support: Chhay will continue in his role, focusing on financial budgeting, capital allocation, and M&A integration, which will help maintain stability and foresight in the company's financial management.
- Executive Background: Reese has been an executive VP and board member since 1999, while Molina has served as Director of Financial Reporting since joining RCI in 2016, both bringing extensive industry experience that will aid the company's stability during this transition period.
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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.

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.






