Shares of RCI Hospitality jumped 14% on Thursday after the company released a better-than-expected Q3 sales update and lower-than-expected inflation, indicating rate cuts.
It was good to see them cleaning up bombshells today. Closing two leased locations and selling a third. I would love for them to eventually be 100% focused on the clubs.
Do you expect management changed their attitude on Boomshell? On previous earning calls, management was consdering various options including sale of the biz. But it seems like boomshell has been probledm ever since 2018 and nothing much has changed so far.
The narrative that Bombshells is a problem and needs restructuring is new and just over the last two or so quarters. I expect them to find a buyer or partner....or at least I hope so. No moat in the business segment
Well written and informative article.
The company is not familiar and seems to go under the radar, so it was nice to read something completely different.
It was good to see them cleaning up bombshells today. Closing two leased locations and selling a third. I would love for them to eventually be 100% focused on the clubs.
Yes, focus on the cash cow where they have a competitive advantage and forget about the pet projects.
Do you expect management changed their attitude on Boomshell? On previous earning calls, management was consdering various options including sale of the biz. But it seems like boomshell has been probledm ever since 2018 and nothing much has changed so far.
The narrative that Bombshells is a problem and needs restructuring is new and just over the last two or so quarters. I expect them to find a buyer or partner....or at least I hope so. No moat in the business segment