RCI Hospitality benefits from its focus on the Back to Basics business approach and an effective capital allocation strategy.
RCI Hospitality (RICK) came out with a quarterly loss of $0.56 per share versus the Zacks Consensus Estimate of $0.88. This compares to earnings of $0.96 per share a year ago.
RCI Hospitality's (RICK) fiscal third-quarter top-line benefits from new locations. Also, strength in Nightclubs performance added to the positives.
Shares of RCI Hospitality Holdings RICK fell on Thursday before rebounding Friday on above average volume. The increase in trading comes with allegations shared by Bear Cave Research's Edwin Dorsey.