Friday, July 10, 2015 12:37:07 AM
PR Newswire RCI Hospitality Holdings, Inc.
15 hours ago
????
HOUSTON, July 9, 2015 /PRNewswire/ -- RCI Hospitality Holdings, Inc. (RICK) today announced total sales at adult clubs and bars/restaurants for the third fiscal quarter ended June 30, 2015. RCI expects to announce 3Q15 results on August 10, 2015.
View photo
.RCI HOSPITALITY HOLDINGS INC
Total club and restaurant sales reached $35.4 million compared to $33.1 million in the year ago quarter.
Same store sales were $30.2 million compared to $31.9 million in the year ago quarter.
There were 46 units in 3Q15 versus 43 in 3Q14.
Nightclub segment sales (includes adult clubs and nightclubs) totaled $30.6 million compared to $31.5 million in 3Q14.
Bombshells segment sales totaled $4.8 million compared to $1.6 million in 3Q14.
CEO Comment
Eric Langan, President and CEO, commented, "We're pleased at seeing a 6.9% year over year increase in total 3Q15 sales. This continues to demonstrate the soundness of our bar/restaurant strategy, which saw Bombshells segment sales up more than threefold year over year. On the other hand, the unusually severe rain and flooding in Texas contributed to a 5.3% decline in same store sales that affected our nightclub segment, in particular.
"Total club and restaurant sales benefitted from new adult clubs–Rick's Cabaret in Odessa, TX, the January acquisition of Down in Texas Saloon in Austin, TX, and the May acquisition of The Seville Club of Minneapolis—and from new Bombshells in Austin, Spring, and Houston, TX. In addition to weather, many units opened for more than a year faced tough comparisons against last year's strong line up of sporting events. While showing the Mayweather-Pacquiao fight at many locations helped 3Q15, it was difficult to overcome the benefit in 3Q14 of the New York Rangers in the Stanley Cup Finals and both the Miami Heat and the San Antonio Spurs in the NBA Finals."
About RCI Hospitality Holdings, Inc. (RICK)
With 46 units, RCI Hospitality Holdings, Inc., through its subsidiaries, is the country's leading company in adult gentlemen clubs and sports bars/restaurants. Adult clubs in New York City, Miami, Philadelphia, Charlotte, Dallas/Ft. Worth, Houston, Minneapolis, Indianapolis and other cities operate under brand names, such as "Rick's Cabaret," "XTC," "Club Onyx," "Vivid Cabaret," "Jaguars" and "Tootsie's Cabaret." Sports bars/restaurants operate under the brand name "Bombshells." Please visit http://www.rcihospitality.com/
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 in this press release, including the risks and uncertainties associated with operating and managing an adult business, the business climates in cities where it operates, the success or lack thereof in launching and building the company's businesses, risks and uncertainties related to the operational and financial results of our Web sites, conditions relevant to real estate transactions, and numerous other factors such as laws governing the operation of adult entertainment businesses, competition and dependence on key personnel. The company has no obligation to update or revise the forward-looking statements to reflect the occurrence of future events or circumstances.
All references to, the "company," "we," "our," and similar terms include RCI Hospitality Holdings, Inc. and its subsidiaries, unless the context indicates otherwise.
Recent RICK News
- RCI to Host 2Q24 Conference Call on X Spaces & Meet Management in NYC on Thursday, May 9 • PR Newswire (US) • 05/06/2024 01:00:00 PM
- RCI Reports 2Q24 Sales, Development Updates & Share Buybacks; Holding X Spaces Call at 4:30 PM ET Today • PR Newswire (US) • 04/09/2024 08:05:00 PM
- U.S. Futures Show Mixed Movement, Crude Oil Prices Inch Up • IH Market News • 04/09/2024 10:42:21 AM
- RCI to Report 2Q24 Club & Restaurant Sales and Hold X Spaces Call on April 9, 2024 • PR Newswire (US) • 04/04/2024 01:00:00 PM
- Bitcoin Transactions Increasing at RCI's Tootsie's & Scarlett's Adult Clubs in Miami • PR Newswire (US) • 02/29/2024 02:00:00 PM
- RCI Announces 33rd Consecutive Quarterly Cash Dividend • PR Newswire (US) • 02/28/2024 02:00:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/26/2024 11:50:30 PM
- Form SC 13G/A - Statement of acquisition of beneficial ownership by individuals: [Amend] • Edgar (US Regulatory) • 02/14/2024 10:26:51 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 02/08/2024 09:10:29 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 02/08/2024 09:08:57 PM
- RCI to Host 1Q24 Conference Call on X Spaces on Thursday, Feb. 8 • PR Newswire (US) • 02/06/2024 04:30:00 PM
- Form SC 13G/A - Statement of acquisition of beneficial ownership by individuals: [Amend] • Edgar (US Regulatory) • 01/26/2024 10:25:22 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 01/09/2024 05:57:55 PM
- RCI Reports 1Q24 Club & Restaurant Sales • PR Newswire (US) • 01/09/2024 02:00:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 12/14/2023 09:09:12 PM
- RCI to Host 4Q23 Call on X (formerly Twitter) Spaces & Meet Management in NYC on Thursday, Dec. 14 • PR Newswire (US) • 12/13/2023 02:00:00 PM
- RCI Announces 32nd Consecutive Quarterly Cash Dividend • PR Newswire (US) • 12/04/2023 02:00:00 PM
- Bombshells Starts New Expansion with Opening Today of 13th Location in Stafford, TX • PR Newswire (US) • 11/15/2023 02:00:00 PM
- Free Entrees for Veterans at All Bombshells Locations in Texas on Nov. 11, 2023 • PR Newswire (US) • 10/30/2023 01:00:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 10/26/2023 02:00:28 PM
- RCI Announces $15.7 Million Debt Modification to Free Up More Cash to Buy Back Shares • PR Newswire (US) • 10/26/2023 01:00:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 10/10/2023 03:36:43 PM
- RCI Management Services Names Dean Reardon Director & Shaun Kevlin Assistant Director of Nightclub Operations • PR Newswire (US) • 10/05/2023 01:00:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/28/2023 03:00:07 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/18/2023 01:23:34 PM
FEATURED Cannabix Technologies Launches New Compact Breath Logix Workplace Series and Prepares for Delivery to South Africa • May 7, 2024 8:51 AM
Moon Equity Holdings, Corp. Announces Acquisition of Wikolo, Inc. • MONI • May 7, 2024 9:48 AM
NanoViricides Reports that the Phase I NV-387 Clinical Trial is Completed Successfully and Data Lock is Expected Soon • NNVC • May 2, 2024 10:07 AM
ILUS Files Form 10-K and Provides Shareholder Update • ILUS • May 2, 2024 8:52 AM
Avant Technologies Names New CEO Following Acquisition of Healthcare Technology and Data Integration Firm • AVAI • May 2, 2024 8:00 AM
Bantec Engaged in a Letter of Intent to Acquire a Small New Jersey Based Manufacturing Company • BANT • May 1, 2024 10:00 AM