HOUSTON, Oct. 13, 2016 /PRNewswire/ -- RCI Hospitality
Holdings, Inc. (Nasdaq: RICK) today announced total sales at
nightclubs and restaurants for the fourth fiscal quarter ended
September 30, 2016. The company plans
to report final 4Q16 and audited FY16 results December 14, 2016. In the interim, RCI is holding
an Update Conference Call today at 4:30 PM
ET.
4Q16 vs. 4Q15
- Total club and restaurant sales of $32.0
million compared to $31.8
million.
- Same store sales of $31.0 million
compared to $30.5 million.
- Nightclubs segment sales of $27.3
million compared to $27.5
million.
- Bombshells restaurant segment sales of $4.7 million compared to $4.2 million.
FY16 vs. FY15
- Total club and restaurant sales of $131.7 million compared to $132.8 million.
- Same store sales of $125.5
million compared to $127.2
million.
- Nightclubs segment sales of $113.0
million compared to $115.2
million.
- Bombshells segment sales of $18.7
million compared to $17.6
million.
Conference Call Details
- Date/Time: Today, Thursday, Oct.
13, at 4:30 PM ET
- Live Participant Dial In: 877-407-9210 (Toll Free) or
201-689-8049 (International)
- Webcast & Replay URL:
http://www.investorcalendar.com/event/175320
- Replay Number: 877-660-6853 (Toll Free) or 201-612-7415
(International)
- Conference ID #: 13646421 (phone replay available until:
Nov. 13, 2016 at 11:59 PM)
CEO Comment
Eric Langan, President and CEO,
commented: "Club and restaurant sales continued their upward trend
in 4Q16. This is especially heartening considering where we were at
the start of the year.
"Compared to year ago periods, July was up, August was soft, but
September was strong.
"The Bombshells segment continued to perform well with 4Q16
sales up 10.5% year over year, while Nightclubs segment 4Q16 sales
were virtually level with last year.
"We have a number of new and exciting developments we want to
share with investors. Rather than waiting for our December 14 call, we are holding an update
conference call later today."
Notes
- Club and restaurant sales data does not include the company's
other subsidiaries.
- Starting with 1Q16, total club and restaurant revenues
(including prior comparable periods) are being reported net of
sales taxes and other revenue related taxes, RCI having chosen to
early adopt new revenue accounting standards.
- All references to, the "company," "we," "our," and similar
terms include RCI Hospitality Holdings, Inc. and its subsidiaries,
unless the context indicates otherwise.
About RCI Hospitality Holdings, Inc. (Nasdaq: RICK)
RCI Hospitality Holdings, Inc., through its subsidiaries, is the
country's leading company in gentlemen clubs and sports
bars/restaurants. Clubs in New York
City, Miami, Philadelphia, Charlotte, Dallas/Ft. Worth, Houston, Minneapolis, 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 cybersecurity, 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.
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SOURCE RCI Hospitality Holdings, Inc.