RCI Reports 1Q25 Club & Restaurant Sales

About this update from Rci Hospitality Holdings, Inc.

[{"type":"text","content":"HOUSTON, Jan. 8, 2025 /PRNewswire/ -- RCI Hospitality Holdings, Inc. (Nasdaq: RICK) reported club and restaurant sales for the fiscal first quarter ended December 31, 2024. Sales do not include non-core operations and are subject to final closing. Full 1Q25 financial results are expected to be reported by February 10, 2025.\n\n \n \n \n \n \n \n\n \nEric Langan, President & CEO of RCI, commented: \"We're pleased to report that Nightclubs same-store sales increased year-over-year for the third quarter in a row. The decline in total Bombshells sales primarily reflected the previously announced divestiture and closing of underperforming locations.\"\nClub & Restaurant Sales ($ in Millions)\n1Q25\nTotal Sales\nTotal Sales vs. 1Q24\nSame-Store Sales vs. 1Q24\nNightclubs\n$61.3\n+1.2 %\n+3.7 %\nBombshells\n$9.6\n-24.7 %\n-7.5 %\nCombined\n$70.9\n-3.3 %\n+2.3 %\nNightclubs: Total sales primarily reflected the increase in SSS, three new and reformatted clubs in Texas, and the absence of a club due to fire in July 2024.\nBombshells: Total sales primarily reflected the divestiture and closing of five locations during 4Q24 and 1Q25, the decline in SSS, and a full quarter of the Stafford, TX location, which opened mid-November 2023.\nNotes: Revenues from non-core operations, such as third-party rents, and revenues from RCI's Other segment, are not included in the sales above. 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.\nAbout RCI Hospitality Holdings, Inc. (Nasdaq: RICK) (X: @RCIHHinc)\nWith more than 60 locations, RCI Hospitality Holdings, Inc., through its subsidiaries, is the country's leading company in adult nightclubs and sports bars-restaurants. See all of our brands at www.rcihospitality.com.\nForward-Looking Statements\nThis 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, including, but not limited to, the risks and uncertainties associated with (i) operating and managing an adult entertainment or restaurant business, (ii) the business climates in cities where it operates, (iii) the success or lack thereof in launching and building the company's businesses, ...

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