Rick’s Cabaret International, Inc. Reports December Same Club Sales Rose 19.2 Percent Over Previous Year
January 12 2010 - 9:00AM
Business Wire
Rick’s Cabaret International, Inc. (NASDAQ: RICK), the
leading chain of gentlemen’s clubs, said today sales at its
nightclubs in December rose 23.7 percent over December 2008 while
same club sales climbed 19.2 percent over the previous
December.
The company said sales at its clubs totaled $6.6 million for the
month of December, compared with $5.3 million in the previous
December.
Sales at clubs operated for more than a year were $6.2 million,
compared with $5.2 million in the previous December.
The December results brought total sales for the company’s first
fiscal quarter ending December 31st to $19.6 million, a 15.7
percent increase over the $16.9 million recorded in the first
quarter of the previous fiscal year.
About Rick’s Cabaret: Rick’s Cabaret International, Inc.
(NASDAQ: RICK) is home to upscale adult nightclubs serving
primarily businessmen and professionals that offer live
entertainment, dining and bar operations. Nightclubs in New York
City, Miami, Philadelphia, New Orleans, Charlotte, Dallas, Houston,
Minneapolis and other cities operate under the names "Rick's
Cabaret," "XTC," “Club Onyx” and “Tootsie’s Cabaret”. Sexual
contact is not permitted at these locations. Rick’s Cabaret also
operates a media division, ED Publications, and owns the adult
Internet membership Website couplestouch.com as well as 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 cities where it
operates, the success or lack thereof in launching and building the
company’s businesses, 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 visit ricks.com.
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