RCI Hospitality Expands Share Repurchase Program by $20 Million

RCI Hospitality Holdings has increased its share repurchase authorization by $20 million, bringing the total remaining authorization to $24.8 million. The move reflects the company's ongoing commitment to returning value to shareholders.

• RCI Hospitality increased its share repurchase authorization by $20 million.
• The total remaining authorization is now $24.8 million.
• Since fiscal 2016, the company has spent nearly $80 million to repurchase about 3 million shares at an average price of $27.88 per share.
• In pre-market trading, RCI's stock rose 0.96% to $22 per share.
• The move reflects the company's confidence in its long-term value and commitment to shareholder returns.