Business
RCI Reports 4Q19 Club & Restaurant Total Sales Up 11.8%, Full Year Up 9.1% to $178 Million
HOUSTON, Oct. 8, 2019 /PRNewswire/ -- RCI Hospitality Holdings, Inc. (Nasdaq: RICK) today announced total and same-store sales for its Nightclubs and
About this update from Rci Hospitality Holdings, Inc.
[{"type":"text","content":"HOUSTON, Oct. 8, 2019 /PRNewswire/ -- RCI Hospitality Holdings, Inc. (Nasdaq: RICK) today announced total and same-store sales for its Nightclubs and Bombshells restaurants for the Fiscal 2019 fourth quarter and fiscal year ended September 30, 2019.\n\n \n4Q19 vs. 4Q18\nTotal club and restaurant sales: $44.0 million compared to $39.4 million – up 11.8% Consolidated same-store sales: $38.0 million compared to $37.4 million – up 1.5% Nightclubs total sales: $35.5 million compared to $33.8 million (37 units in both periods) – up 4.9% Nightclubs same-store sales: $32.6 million compared to $32.9 million – down 0.9% Bombshells total sales: $8.5 million compared to $5.5 million (8 units vs. 6) – up 53.9% Bombshells same-store sales: $5.3 million compared to $4.5 million – up 19.4%FY19 vs. FY18\nTotal club and restaurant sales: $177.8 million compared to $163.0 million – up 9.1% Consolidated same-store sales: $154.9 million compared to $155.4 million – down 0.3% Nightclubs total sales: $146.9 million compared to $138.9 million – up 5.8% Nightclubs same-store sales: $136.1 million compared to $135.3 million – up 0.6% Bombshells total sales: $30.8 million compared to $24.1 million – up 27.9% Bombshells same-store sales: $18.9 million compared to $20.1 million – down 6.1%CEO Comment\nEric Langan, President and CEO, said: \"Both new and existing Nightclubs and Bombshells continued to perform well in 4Q19, producing record total club and restaurant sales for both the quarter and the year. 4Q19 Nightclubs same-store sales were off less than $300K year-over-year, which was particularly impressive given 4Q18's strong 6.1% same-store sales increase. 4Q19 Bombshells same-store sales – up 19.4% -- continued to rebound. Restaurant same-store sales are now up double-digits year-over-year four months in a row.\"\nNightclubs\nNew Rick's Cabaret clubs in Pittsburgh and Chicago—both acquired November 2018—added $2.9 million in 4Q19. Scarlett's St. Louis, which was closed due to a small fire in May 2019 and not included in 4Q19's same-store sales, is expected to reopen in November after remodeling. The second Studio 80, this one much smaller in Webster, TX, closed in July and was sold in September.Bombshells\nAll of the \"first five\" Bombshells locations were included in the 19.4% same-store sales increase in 4Q19 and in the year ago period. Contributio...