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
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SOURCE RCI Hospitality Holdings, Inc.