PR Newswire
HOUSTON , May 24, 2022 /PRNewswire/ -- RCI Hospitality Holdings, Inc. (Nasdaq: RICK) Board of Directors today authorized increasing the amount available under the company's share repurchase program by an additional $25.0 million .
From FY16, when the company started implementing its capital allocation strategy, to 2Q22, RCI has invested approximately $25.4 million repurchasing approximately 1.6 million shares at an average of $15.88 per share.
About RCI Hospitality Holdings, Inc. (Nasdaq: RICK) www.rcihospitality.com
With more than 50 units, RCI Hospitality Holdings, Inc., through its subsidiaries, is the country's leading company in adult nightclubs and sports bars/restaurants. Clubs in New York City , Chicago , Dallas-Fort Worth , Houston , Miami , Minneapolis , Denver , St. Louis , Charlotte , Pittsburgh , Raleigh , Louisville , and other markets operate under brand names such as Rick's Cabaret, XTC, Club Onyx, Vivid Cabaret, Jaguars Club, Tootsie's Cabaret, and Scarlett's Cabaret. Sports bars/restaurants operate under the brand name Bombshells Restaurant & Bar.
Media & Investor Contacts
Gary Fishman and Steven Anreder at 212-532-3232 or gary.fishman@anreder.com and steven.anreder@anreder.com
SOURCE RCI Hospitality Holdings, Inc.