# EDGAR Filing Document

**Accession Number:** 0000935419
**File Stem:** 0001628280-25-044685
**Filing Date:** 2025-10
**Character Count:** 10589
**Document Hash:** e6e41334944dbd5ed576dd381589fc9e
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001628280-25-044685.hdr.sgml**: 20251009

**ACCESSION NUMBER**: 0001628280-25-044685

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 14

**CONFORMED PERIOD OF REPORT**: 20251009

**ITEM INFORMATION**: Results of Operations and Financial Condition

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20251009

**DATE AS OF CHANGE**: 20251009

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** RCI HOSPITALITY HOLDINGS, INC.
- **CENTRAL INDEX KEY:** 0000935419
- **STANDARD INDUSTRIAL CLASSIFICATION:** RETAIL-EATING PLACES [5812]
- **ORGANIZATION NAME:** 07 Trade & Services
- **EIN:** 760458229
- **STATE OF INCORPORATION:** TX
- **FISCAL YEAR END:** 0930

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-13992
- **FILM NUMBER:** 251385135

**BUSINESS ADDRESS:**
- **STREET 1:** 10737 CUTTEN ROAD
- **CITY:** HOUSTON
- **STATE:** TX
- **ZIP:** 77066
- **BUSINESS PHONE:** 2813976730

**MAIL ADDRESS:**
- **STREET 1:** 10737 CUTTEN ROAD
- **CITY:** HOUSTON
- **STATE:** TX
- **ZIP:** 77066

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** RICKS CABARET INTERNATIONAL INC
- **DATE OF NAME CHANGE:** 19950112

?xml version='1.0' encoding='ASCII'? rick-20251009

**United States**

**Securities and Exchange Commission**

**Washington, D.C. 20549**

**FORM 8-K**

Current Report

Pursuant to Section 13 or 15(d) of

The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): October 9, 2025

**RCI HOSPITALITY HOLDINGS, INC.**

(Exact Name of Registrant as Specified in Its Charter)

Texas 001-13992 76-0458229 <br> (State or Other Jurisdictionof Incorporation) (CommissionFile Number) (IRS EmployerIdentification No.)

10737 Cutten Road

Houston, Texas 77066

(Address of Principal Executive Offices, Including Zip Code)

(281) 397-6730

(Issuer's Telephone Number, Including Area Code)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

□ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

□ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a -12)

□ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d -2(b))

□ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e -4(c))

Securities registered pursuant to Section 12(b) of the Act:

---

| | | |
|:---|:---|:---|
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered |
| Common stock, $0.01 par value | RICK | The Nasdaq Global Market |

---

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company □

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. □

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**ITEM 2.02 RESULTS OF OPERATIONS AND FINANCIAL CONDITION.**

On October 9, 2025, we issued a press release announcing sales at nightclubs and restaurants for the fourth fiscal quarter ended September 30, 2025, and other development updates. A copy of the press release is furnished as Exhibit 99.1 to this current report on Form 8-K.

This information shall not be deemed "filed" for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.

**ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS**

(d) Exhibits

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| | |
|:---|:---|
| Exhibit Number | Description |
| 99.1 | <u>[Press release of RCI Hospitality Holdings, Inc. dated](rick-x4q25salesandupdatesn.htm)[October 9](rick-x4q25salesandupdatesn.htm)[, 2025](rick-x4q25salesandupdatesn.htm)</u> |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |

---

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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

---

| | | |
|:---|:---|:---|
| | RCI HOSPITALITY HOLDINGS, INC. | RCI HOSPITALITY HOLDINGS, INC. |
| Date: October 9, 2025 | By: | */s/ Eric Langan* |
|  |  | Eric Langan |
|  |  | President and Chief Executive Officer |

---

## Exhibit 99.1

![image_0.jpg](image_0.jpg)

**RCI Reports 4Q25 & FY25 Club & Restaurant Sales and Development Updates**

HOUSTON—October 9, 2025—RCI Hospitality Holdings, Inc. (Nasdaq: RICK) reported club and restaurant sales for the fiscal fourth quarter and year ended September 30, 2025. Sales do not include non-core operations and are subject to final closing. Full 4Q25 and FY25 financial results will be reported in our annual report on Form 10-K.

**Eric Langan, President and CEO of RCI, commented:** "Total FY25 Nightclubs sales held relatively steady year-over-year, as acquisitions and club reformatting partially offset same-store sales declines and the impact of closures."

"Following the 1Q25 divestiture of underperforming Bombshells locations, restaurant sales improved sequentially, supported by successful openings in Denver and Lubbock and a change in management."

"Despite strong team execution, persistent economic uncertainty has made it challenging to fully offset traffic-driven pressure on same-store sales across both clubs and restaurants."

**Development Updates**

Mr. Langan also announced several positive developments:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**1.**Dallas Showclub is set to reopen tonight as the reformatted XTC 2.0, a BYOB concept. The club's closure last month impacted 4Q25 sales.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**2.**Contracts to sell non-income producing and underperforming properties are in the final stages of negotiation. Proceeds would reduce debt and generate cash.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**3.**The last Bombshells under development is on track to open this December in Rowlett, TX.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**4.**A critical zoning change has been received for the reconstruction and reopening of Baby Dolls Fort Worth, which was lost to fire in July 2024.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**5.**Nearly all construction plans and studies have been approved for the renovation of a property in West Fort Worth to create another Baby Dolls club that will be similar to the Dallas location.

"Successful completion of these developments will enable us to generate new revenues and deploy more cash toward acquisitions, stock buybacks, debt paydown, and dividends in line with our 'Back to Basics' Capital Allocation Plan," Mr. Langan said.

**Club & Restaurant Sales ($ in Millions)**

---

| | | | |
|:---|:---|:---|:---|
| **4Q25** | **Total Sales** | **Total Sales vs. 4Q24** | **Same-Store Sales vs. 4Q24** |
| **Nightclubs** | $60.5 | +0.4% | -4.4% |
| **Bombshells** | $9.4 | -21.2% | -19.5% |
| **Combined** | $69.8 | -3.1% | -6.3% |

---

**Nightclubs (60 locations contributing to 4Q25 sales):** Total sales included $3.2 million from four newly acquired clubs (Flight Club in Detroit, MI, January 2025; Platinum West in West Columbia, SC, early April 2025; Platinum Plus in Allentown, PA, mid-June 2025; and Rick's Cabaret & Steakhouse in Central City, CO, late June 2025), and sales from two smaller rebranded/reformatted Texas clubs not in SSS. These six clubs in part offset the SSS decline and reduced sales from the closing of Dallas Showclub in 4Q25 for reformatting and Baby Dolls Fort Worth due to fire in 4Q24.

------

**Bombshells (11 locations contributing to 4Q25 sales):** Total sales primarily reflected the divestiture and closing of five underperforming locations in 4Q24 and 1Q25 and the SSS decline, partially offset by the opening of new locations in Denver, CO, in January 2025 and Lubbock, TX, in early July 2025.

---

| | | | |
|:---|:---|:---|:---|
| **FY25** | **Total Sales** | **Total Sales vs. FY24** | **Same-Store Sales vs. FY24** |
| **Nightclubs** | $240.8 | -0.6% | -2.1% |
| **Bombshells** | $35.8 | -29.2% | -13.6% |
| **Combined** | $276.6 | -5.5% | -3.5% |

---

**Notes:** Revenues from non-core operations, such as third-party rents, and revenues from RCI's Other segment, are not included in the sales above. All references to "RCI Hospitality Holdings, Inc.," "company," "we," "our," and similar terms refer to RCI and/or its subsidiaries, unless the context indicates otherwise.

**About RCI Hospitality Holdings, Inc. (Nasdaq: RICK) (X: <u>@RCIHHinc)</u>**

With more than 60 locations, RCI Hospitality Holdings, Inc., through its subsidiaries, is the country's leading company in adult nightclubs and sports bars-restaurants. See all of our brands at <u>www.rcihospitality.com</u>.

**Forward-Looking Statements**

This press release may contain forward-looking statements that involve a number of risks and uncertainties that could cause the Company's actual results to differ materially from those indicated, including, but not limited to, the risks and uncertainties associated with (i) operating and managing an adult entertainment or restaurant business, (ii) the business climates in cities where it operates, (iii) the success or lack thereof in launching and building the Company's businesses, (iv) cyber security, (v) conditions relevant to real estate transactions, and (vi) numerous other factors such as laws governing the operation of adult entertainment or restaurant businesses, competition and dependence on key personnel. For more detailed discussion of such factors and certain risks and uncertainties, see RCI's annual report on Form 10-K for the year ended September 30, 2024, as well as its other filings with the U.S. Securities and Exchange Commission. The Company has no obligation to update or revise the forward-looking statements to reflect the occurrence of future events or circumstances.

**Media & Investor Contacts**

Gary Fishman and Michael Wichman at 212-883-0655 or <u>gfishman@pondel.com</u> and <u>mwichman@pondel.com</u>.