Rick�s Cabaret International, Inc. (NASDAQ: RICK), operator of upscale gentlemen�s clubs, today reported July nightclub sales of $2,948,534, a 54 percent gain over July 2006. Same store sales climbed 19 percent over the previous July. The increase over July 2006 results was driven by strong growth at the Rick�s Cabaret in New York City, contributions from the new Austin location and the acquisition of the Ft. Worth club. Same store sales were $2,279,239 compared with the July 2006 total of $1,914,988. �Summer is traditionally our slower period, so we are very pleased with our continued overall growth,� said Eric Langan, President and CEO of the company. About Rick�s Cabaret: Rick�s Cabaret International, Inc. (NASDAQ: RICK) operates upscale adult nightclubs serving primarily businessmen and professionals that offer live adult entertainment, restaurant and bar operations. The company owns, operates or licenses adult nightclubs in New York City, New Orleans, Charlotte, Houston, Minneapolis and other cities under the names "Rick's Cabaret," "XTC" and �Club Onyx.� No sexual contact is permitted at any of these locations. Rick�s Cabaret also owns the adult Internet membership Web site, couplestouch.com, and a network of online adult auction sites under the flagship URL naughtybids.com. Rick�s Cabaret common stock is traded on NASDAQ under the symbol RICK. For further information contact ir@ricks.com. Forward-looking Statements: This document contains 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 document, including�the risks and uncertainties associated with operating and managing�an adult business, the business climates in New York City and elsewhere, the success or lack thereof in launching and building the company�s businesses in New York City and elsewhere, risks and uncertainties related to the operational and financial results of our Web sites, 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. Rick's has no obligation to update or revise the forward-looking statements to reflect the occurrence of future events or circumstances. For further information go to www.ricks.com.
RCI Hospitality (NASDAQ:RICK)
Historical Stock Chart
From Jun 2024 to Jul 2024 Click Here for more RCI Hospitality Charts.
RCI Hospitality (NASDAQ:RICK)
Historical Stock Chart
From Jul 2023 to Jul 2024 Click Here for more RCI Hospitality Charts.