HOUSTON, Oct. 8, 2013 /PRNewswire/ -- Rick's
Cabaret International, Inc., (NasdaqGM: RICK), a leading
nationwide group of restaurants and gentlemen's clubs, said sales
at its nightclubs and restaurants in the fourth quarter ended
September 30th were
$27.2 million, a 19.5% gain over the
previous year. The sales figures do not include the company's
internet or media divisions.
(Logo:
http://photos.prnewswire.com/prnh/20110418/MM85342LOGO)
The increased sales were driven primarily by contributions from
the Jaguars adult clubs acquired in September 2012, the new Bombshells
restaurant and sports bar and Ricky Bobby Sports Saloon in
the Dallas/Ft. Worth market, as
well as gains at the two Minneapolis adult clubs, XTC Cabaret
clubs in Dallas and Austin, Rick's Cabaret in New York City and Club Onyx in
Dallas.
Sales at nightclubs open for more than one year declined for the
quarter by 4.2%, to $21.3 million
from $22.3 million.
"We are very pleased with the contributions from our newly
acquired adult clubs and our restaurant/sports bar division," said
Eric Langan, president and
CEO of Rick's Cabaret. "Although same store sales were down
somewhat overall, we are seeing the return of big ticket customers
who tend to contribute to higher margins."
The company expects to announce its full fiscal year results on
December 16.
About Rick's Cabaret: Rick's Cabaret International, Inc.
(NASDAQ: RICK) is home to restaurants and upscale adult nightclubs
serving primarily businessmen and professionals that offer live
entertainment, dining and bar operations. Nightclubs in
New York City, Los Angeles, Miami, Philadelphia, Charlotte, Dallas/Ft. Worth, Houston, Minneapolis, Indianapolis and other cities operate as
"Rick's Cabaret," "XTC," "Club Onyx," "Vivid Cabaret," "Tootsie's
Cabaret," "Ricky Bobby Sports Saloon," "Bombshells" and other brand
names. Sexual contact is not permitted at any locations. Rick's
Cabaret also operates a media division, ED Publications. Rick's
Cabaret common stock is traded on NASDAQ under the symbol RICK. For
further information contact ir@ricks.com or visit
www.ricksinvestor.com. Twitter: @rickscabaret; Facebook:
http://www.facebook.com/rickscabaretintl.
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 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 www.ricksinvestor.com.
SOURCE Rick's Cabaret International, Inc.