HOUSTON, Oct. 12, 2021 /PRNewswire/ -- RCI
Hospitality Holdings, Inc. (Nasdaq: RICK) reported sales for its
Nightclubs and Bombshells restaurants for the fiscal 2021 fourth
quarter and year ended Sept. 30,
2021.
Eric Langan, President and CEO of
RCI Hospitality Holdings, Inc., said, "We had a great fourth
quarter and year. Our Florida
clubs did particularly well, with record fourth quarter and full
year combined sales, up 51% and 38% compared to 4Q19 and FY19,
respectively. Bombshells also had a record year with sales of
$56.6 million in FY21, up 83.7%
compared to FY19.
"The current first quarter should benefit from our typical
seasonal sales increase from the fourth quarter. 1Q22 should also
benefit from closing on our pending acquisitions of 12 clubs in 7
states and the opening of our 11th Bombshells, which will be in the
Dallas suburb of Arlington. We expect to report full 4Q21 and
FY21 financial results by December
14th."
RCI Fourth
Quarter
|
|
|
|
|
|
|
|
|
|
|
|
|
Total
Sales
|
|
Same-Store
Sales
|
|
4Q21
Sales
|
|
vs.
2020
|
|
vs.
2019
|
|
vs.
2020
|
|
vs.
2019
|
Combined
|
$54.4M
|
|
+91.6%
|
|
+23.5%
|
|
+2.1%
|
|
+16.2%
|
Nightclubs
|
$40.0M
|
|
+211.0%
|
|
+12.6%
|
|
+31.5%
|
|
+12.8%
|
Bombshells
|
$14.4M
|
|
-7.3%
|
|
+68.8%
|
|
-14.6%
|
|
+30.0%
|
|
RCI Full
Year
|
|
|
|
|
|
|
|
|
|
|
|
|
Total
Sales
|
|
Same-Store
Sales
|
|
FY21
Sales
|
|
vs.
2020
|
|
vs.
2019
|
|
vs.
2020
|
|
vs.
2019
|
Combined
|
$192.4M
|
|
+47.7%
|
|
+8.2%
|
|
+1.5%
|
|
+12.9%
|
Nightclubs
|
$135.8M
|
|
+56.0%
|
|
-7.6%
|
|
-2.1%
|
|
+6.0%
|
Bombshells
|
$56.6M
|
|
+31.0%
|
|
+83.7%
|
|
+7.7%
|
|
+40.2%
|
Notes:
- Sales do not include non-core operations and are preliminary
and subject to final closing.
- Bombshells 4Q21 sales faced a tough comparison to the year ago
quarter, when sales benefitted from a strong sports schedule and
the chain was one of the few venues of its type open in its
markets.
- The COVID pandemic first impacted sales in RCI's 2Q20 when all
locations were required to close mid-March
2020. Locations slowly began to reopen May 2020 in RCI's 3Q20.
- All references to "RCI Hospitality Holdings, Inc.," "company,"
"we," "our," and similar terms refer to RCI and/or its
subsidiaries, unless the context indicates otherwise.
About RCI Hospitality Holdings, Inc. (Nasdaq: RICK)
With more than 40 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, Chicago, Dallas/Ft.
Worth, Houston,
Miami, Minneapolis, St.
Louis, Charlotte, Pittsburgh, and other markets operate under
brand names such as Rick's Cabaret, XTC, Club Onyx, Vivid Cabaret,
Jaguars Club, Tootsie's Cabaret, and Scarlett's Cabaret. Sports
bars/restaurants operate under the brand name Bombshells Restaurant
& Bar. 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, but not limited to, the risks and
uncertainties associated with (i) operating and managing an adult
business, (ii) the business climates in cities where it operates,
(iii) the success or lack thereof in launching and building the
company's businesses, (iv) cyber security, (v) conditions relevant
to real estate transactions, (vi) the impact of the COVID-19
pandemic, and (vii) numerous other factors such as laws governing
the operation of adult entertainment businesses, competition and
dependence on key personnel. For more detailed discussion of such
factors and certain risks and uncertainties, see RCI's annual
report on Form 10-K for the year ended September 30, 2020, as well as its other filings
with the U.S. Securities and Exchange Commission. The company has
no obligation to update or revise the forward-looking statements to
reflect the occurrence of future events or circumstances.
Media and 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.