In the news release, RCI Reports Club and Restaurant Sales of
$61.1 Million in 1Q22, issued
10-Jan-2022 by RCI Hospitality
Holdings, Inc. over PR Newswire, we are advised by the company that
in the last column of the table, which compares 1Q22 same-store
sales to 1Q20, the row items for Combined, Nightclubs, and
Bombshells have been corrected to +11.0%, +8.1%, and +21.1%,
respectively. The complete, corrected release follows:
RCI Reports Club and Restaurant Sales of $61.1 Million in 1Q22
HOUSTON, Jan. 11, 2022 /PRNewswire/ -- RCI Hospitality
Holdings, Inc. (Nasdaq: RICK) reported sales for its Nightclubs and
Bombshells restaurants for the fiscal 2022 first quarter ended
December 31, 2021.
Eric Langan, President and CEO of
RCI Hospitality Holdings, Inc., said, "We had a strong first
quarter as we benefited from legacy as well as new locations,
namely our 11th Bombshells in Arlington,
TX, which opened December 6,
and the 12 clubs we acquired mid-October and early November. We
didn't experience any noticeable impact from Omicron until late
1Q22 and hope it will cycle through our markets quickly. We look
forward to our first Bombshells franchisee opening its San Antonio location in our March quarter.
Full financial results for 1Q22 are expected to be reported by
February 9th."
($ in
Millions)
|
|
|
Total
Sales
|
|
Same-Store
Sales
|
|
1Q22
Sales
|
|
vs.
1Q21
|
|
vs.
1Q20
|
|
vs.
1Q21
|
|
vs.
1Q20
|
Combined
|
$61.1
|
|
+61.6%
|
|
+27.9%
|
|
+21.8%
|
|
+11.0%
|
Nightclubs
|
$46.3
|
|
+86.6%
|
|
+23.8%
|
|
+30.6%
|
|
+8.1%
|
Bombshells
|
$14.8
|
|
+13.8%
|
|
+42.7%
|
|
+7.6%
|
|
+21.1%
|
- RCI is providing comparisons to its pre-COVID 1Q20 (ended
December 31, 2019) for illustrative
purposes.
- Sales do not include non-core operations and are preliminary
and subject to final closing.
- The COVID pandemic first impacted sales in RCI's 2Q20 when all
locations were required to close mid-March
2020. Bombshells and some Nightclubs began to reopen
May 2020 in RCI's 3Q20. All
Nightclubs were not fully reopened to their full operating hours
until 4Q21.
- 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)
www.rcihospitality.com
With more than 50 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-Fort
Worth, Houston,
Miami, Minneapolis, Denver, St.
Louis, Charlotte,
Pittsburgh, Raleigh, Louisville, 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.
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,
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,
2021, 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.