Business
RCI 4Q21 Club and Restaurant Sales of $54.4M, +91.6% vs. 4Q20 and +23.5% vs. 4Q19
HOUSTON, Oct. 12, 2021 /PRNewswire/ -- RCI Hospitality Holdings, Inc. (Nasdaq: RICK) reported sales for its Nightclubs and Bombshells restaurants for the
About this update from Rci Hospitality Holdings, Inc.
[{"type":"text","content":"\n HOUSTON, Oct. 12, 2021 /PRNewswire/ -- RCI Hospitality Holdings, Inc. (Nasdaq: RICK) reported sales for its Nightclubs and Bombshells restaurants for the fiscal 2021 fourth quarter and year ended Sept. 30, 2021.\n\n \n \n \n \n \n \n\n \nEric Langan, President and CEO of RCI Hospitality Holdings, Inc., said, \"We had a great fourth quarter and year. Our Florida clubs did particularly well, with record fourth quarter and full year combined sales, up 51% and 38% compared to 4Q19 and FY19, respectively. Bombshells also had a record year with sales of $56.6 million in FY21, up 83.7% compared to FY19.\n\"The current first quarter should benefit from our typical seasonal sales increase from the fourth quarter. 1Q22 should also benefit from closing on our pending acquisitions of 12 clubs in 7 states and the opening of our 11th Bombshells, which will be in the Dallas suburb of Arlington. We expect to report full 4Q21 and FY21 financial results by December 14th.\"\nRCI Fourth Quarter\nTotal Sales\nSame-Store Sales\n4Q21 Sales\nvs. 2020\nvs. 2019\nvs. 2020\nvs. 2019\nCombined\n$54.4M\n+91.6%\n+23.5%\n+2.1%\n+16.2%\nNightclubs\n$40.0M\n+211.0%\n+12.6%\n+31.5%\n+12.8%\nBombshells\n$14.4M\n-7.3%\n+68.8%\n-14.6%\n+30.0%\nRCI Full Year\nTotal Sales\nSame-Store Sales\nFY21 Sales\nvs. 2020\nvs. 2019\nvs. 2020\nvs. 2019\nCombined\n$192.4M\n+47.7%\n+8.2%\n+1.5%\n+12.9%\nNightclubs\n$135.8M\n+56.0%\n-7.6%\n-2.1%\n+6.0%\nBombshells\n$56.6M\n+31.0%\n+83.7%\n+7.7%\n+40.2%\nNotes:\nSales do not include non-core operations and are preliminary and subject to final closing. Bombshells 4Q21 sales faced a tough comparison to the year ago quarter, when sales benefitted from a strong sports schedule and the chain was one of the few venues of its type open in its markets. The COVID pandemic first impacted sales in RCI's 2Q20 when all locations were required to close mid-March 2020. Locations slowly began to reopen May 2020 in RCI's 3Q20. All references to \"RCI Hospitality Holdings, Inc.,\" \"company,\" \"we,\" \"our,\" and similar terms refer to RCI and/or its subsidiaries, unless the context indicates otherwise.About RCI Hospitality Holdings, Inc. (Nasdaq: RICK)\nWith more than 40 units, RCI Hospitality Holdings, Inc., through its subsidiaries, is the country's leading company in gentlemen's clubs and sports bars/restaurants. Clubs in New York City, Chica...