RCI Hospitality Holdings, Inc. Provides Effective Tax Rate Guidance for the Year 2018
March 07, 2018 at 04:30 pm EST
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RCI Hospitality Holdings, Inc. provided effective tax rate guidance for the year 2018. For the full year fiscal 2018, the company anticipates the effective federal tax rate of 24.5% and the total effective tax rate of 26.5%, which includes state and local taxes.
RCI Hospitality Holdings, Inc. is a holding company, which operates through its subsidiaries. The Company is engaged in various activities in the hospitality and related businesses. The Companyâs all services and management operations are conducted by its subsidiaries, including RCI Management Services, Inc. It operates a total of 70 establishments, which offers live adult entertainment, including two that are under renovation/remodeling, and/or restaurant and bar operations, including one food hall. It also operates a business communications company serving the multi-billion-dollar adult nightclubs industry. The Company has three segments: Nightclubs, Bombshells and Other. Its Nightclubs portfolio includes a variety of brands and formats that target different customer demographics. Its nightclubs are located around the country in New York City, Chicago, Dallas-Fort Worth and others. Bombshells Restaurant & Bar is a military-themed casual dining chain with a focus on sports and fun.
RCI HOSPITALITY HOLDINGS, INC. 
