RCI Hospitality provides FY25-FY29 capital allocation plan

FY25-FY29 capital allocation priorities (% of FCF): Nightclub acquisitions: 50% (includes debt repayment); Share buybacks & dividends: 50%. CEO Langan said, “RCI has grown significantly since we initiated our Capital Allocation Strategy at year-end FY15. Revenue has more than doubled, from $135 million to $296 million, a CAGR of 9%. More importantly, free cash flow has more than tripled, from $15 million to $48 million, a CAGR of 14%, while our share count fell by 13%. We are proud of this achievement and thank all employees, entertainers, and partners who made this possible.” “Looking ahead, we plan to build on this track record through a ‘Back-to-Basics’ strategy. Operationally, this means focusing on our Nightclub business and improving Bombshells. For capital allocation, this means focusing on club acquisitions and returning more capital to shareholders, mainly through buybacks.”