Business
RCI Sets New Record for Total Quarterly Club and Restaurant Sales of $56.7M in 3Q21
HOUSTON, July 8, 2021 /PRNewswire/ -- RCI Hospitality Holdings, Inc. (Nasdaq: RICK) today reported sales for its Nightclubs and Bombshells restaurants for the
About this update from Rci Hospitality Holdings, Inc.
[{"type":"text","content":"HOUSTON, July 8, 2021 /PRNewswire/ -- RCI Hospitality Holdings, Inc. (Nasdaq: RICK) today reported sales for its Nightclubs and Bombshells restaurants for the fiscal 2021 third quarter ended June 30, 2021. Results reflected a continued rebound from the COVID-19 pandemic. \n\n \n \n \n \n \n \n\n \n3Q21 vs. 3Q20\nTotal club and restaurant sales: $56.7 million compared to $14.3 million (+296.0%) Nightclubs total sales: $40.6 million compared to $5.8 million (+602.1%) Bombshells total sales: $16.1 million compared to $8.5 million (+88.4%) There are no same-store sales comparisons for the quarter because no locations were open enough days in 3Q20 to qualify3Q21 vs. 3Q19\n*For illustrative purposes, the following compares data for 3Q21 to 3Q19 to provide a better understanding of sales trends over the last two years given the significant impact of the pandemic on 3Q20. \nTotal club and restaurant sales: $56.7 million compared to $46.2 million (+22.6%) Total club and restaurant same-store sales*: $53.0 million compared to $45.2 million (+17.2%) Nightclubs total sales: $40.6 million compared to $37.5 million (+8.4%) on 36 units vs. 38 Nightclubs same-store sales*: $40.6 million compared to $36.5 million (+11.3%) Bombshells total sales: $16.1 million compared to $8.8 million (+83.6%) on 10 units vs. 8 Bombshells same-store sales*: $12.4 million compared to $8.8 million (+41.6%)CEO Comment\nEric Langan, President and CEO, said, \"We are very pleased to set a new record for total quarterly club and restaurant sales of $56.7 million in the June quarter, reflecting new quarterly sales records for both our Nightclubs segment with $40.6 million and our Bombshells segment with $16.1 million.\n\"In May, RCI recorded the highest monthly club and restaurant sales in company history, followed by June and then March. Total club and restaurant same-store sales for 3Q21 versus 3Q19 increased 17.2%. We believe this comparison provides a better understanding of sales trends given the significant impact of the pandemic on 3Q20.\n\"We believe the continued sequential quarterly improvement in total club and restaurant sales reflects the elimination of all restrictive curfews and occupancy restrictions on our northern clubs by the beginning of June and the ongoing return of our loyal customer base, all of which are generally benefitting from increased vacc...