HOUSTON, Jan. 10, 2019 /PRNewswire/ -- RCI
Hospitality Holdings, Inc. (Nasdaq: RICK) today announced total and
same-store sales for its Nightclubs and Bombshells restaurants for
the Fiscal 2019 first quarter ended December
31, 2018. The company plans to report complete 1Q19 results
on February 11, 2019.
1Q19 vs. 1Q18
- Total club and restaurant sales: $43.4
million compared to $40.8
million – up 6.5%
- Consolidated same-store sales: $40.0
million compared to $39.7
million – up 0.7%
- Nightclubs total sales: $37.4
million compared to $34.9
million (39 units vs. 40) – up 7.0%
- Nightclubs same-store sales: $35.3
million compared to $33.9
million – up 4.3%
- Bombshells total sales: $6.0
million compared to $5.8
million (7 units vs. 5) – up 3.2%
- Bombshells same-store sales: $4.6
million compared to $5.8 million – down 20.5%
Conference Call Today at 4:30 PM
ET
- Live Participant Dial In: Toll Free at 877-407-9210 and
International at 201-689-8049
- Access the live webcast, slides or replay at:
https://www.investornetwork.com/event/presentation/41732
- Phone replay: Toll Free at 877-481-4010 and International at
919-882-2331 (Passcode: 41732)
Meet Management Tonight at 6:00 PM
ET
- Where: Rick's Cabaret New York, 50 W. 33rd Street, New York, NY, between Fifth Avenue and
Broadway
- RSVP: By 12:00 PM ET,
January 10, 2019, with your contact
information, to gary.fishman@anreder.com
CEO Comment
Eric Langan, President and CEO,
commented: "Fiscal 2019 has started off well in what is seasonally
our strongest period with record first quarter club and restaurant
sales, featuring solid same-store growth in Nightclubs and good
performance across the board from new clubs and new Bombshells
locations."
Nightclubs
- Same-store sales growth continued to reflect effective
marketing, management and appeal, combined with a good
economy.
- New clubs added approximately $1.9
million from the early November acquisitions in Pittsburgh and Chicago, and the May
2018 acquisition of a club in Kappa, IL.
Bombshells
- Same-store sales had tough year-over-year comparisons in part
because of business generated in October
2017 when the Houston Astros won the pro baseball
championship.
- The year-over-year percentage change in same-store sales
improved from the preceding quarter with December achieving the
best performance in the last six months.
- New units added approximately $1.4
million from Houston area
locations that opened April 2018
(Pearland) and December 19th (I-10).
Notes
- Current and historical Nightclubs and Bombshells sales
data in quarterly sales news releases do not include revenues from
non-core operations.
- Sales numbers are preliminary and subject to final
closing.
- Unit counts are at period end.
- All references to the "company," "we," "our," and similar terms
include RCI Hospitality Holdings, Inc. and its subsidiaries, unless
the context indicates otherwise.
- Planned opening dates are subject to change due to weather,
which could affect construction schedules, and scheduling of final
municipal inspections.
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, 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 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 cybersecurity, 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. The company has no
obligation to update or revise the forward-looking statements to
reflect the occurrence of future events or circumstances.
Media & 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.