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RCI Hospitality Holdings Inc.

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Terminating Research Coverage

Extending Debt to Free Up Cash for Share Repurchases

Preliminary 4Q Revenue Below Expectations

Reports Second Quarter Earnings; Lowering Price Target

3Q23 Club and Restaurant Sales

Continuing the Momentum

2Q23 Revenue Inline

Baby Dolls and Chicas Locas Acquisition Closed

A Solid First Quarter

1Q23 Preliminary Club & Bombshells Sales

All Cash Flow, All The Time; Raising PT to $150

Acquiring More Clubs

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RCI Hospitality Holdings Inc.

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