HOUSTON, April 11, 2017 /PRNewswire/ -- RCI
Hospitality Holdings, Inc. (Nasdaq: RICK) today announced total and
same store sales at nightclubs and restaurants for the second
fiscal quarter ended March 31, 2017.
The company plans to report complete 2Q17 results May 9, 2017.
2Q17 vs. 2Q16
- Total club and restaurant sales: $34.0
million compared to $33.7
million.
- Same store sales: $32.7 million
compared to $31.8 million.
- Nightclubs segment sales: $29.7
million compared to $29.1
million (37 units vs. 38).
- Bombshells restaurant segment sales: $4.4 million compared to $4.6 million (4 units vs. 5).
CEO Comment
Eric Langan, President and CEO,
commented: "Club and restaurant sales continued to post positive
year over year increases in 2Q17.
"Nightclubs segment sales rose 2.7% on a same store basis and
2.0% on a total basis. Results reflected continued strong
performances from our three units in Minneapolis even after the professional
football season ended, as well as noticeable increases at Club Onyx
Houston, with the Super Bowl being played in that city, and at
premier clubs Tootsie's Cabaret Miami and Vivid Cabaret New
York.
"Bombshells segment sales grew 3.2% on a same store basis.
Customers continue to be attracted to our military themed social
dining concept with our Bombshells Girls, where you can have a
great time and great food, watch the game and listen to music, and
hang out with friends or family."
Notes
- As of 1Q16, revenues (including prior comparable periods) are
being reported net of sales taxes and other revenue related taxes,
in line with new revenue accounting standards.
- Unit counts are at period end.
- 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)
With 41 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, 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.
Media & Investor Contacts
Gary Fishman and Steven Anreder at 212-532-3232 or
gary.fishman@anreder.com and steven.anreder@anreder.com
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SOURCE RCI Hospitality Holdings, Inc.