RCI 3Q17 Club & Restaurant Total & Same-Store Sales Increase

 

Total Club & Restaurant Sales of $36.9 Million—Up 11.5% from 3Q16
   
Same-Store Sales of $33.4 Million—Up 6.8% from 3Q16

 

HOUSTON—July 11, 2017—RCI Hospitality Holdings, Inc. (Nasdaq: RICK) today announced total and same-store sales for its Nightclubs and Bombshells restaurant segments for the third fiscal quarter ended June 30, 2017. The company plans to report complete 3Q17 results August 9, 2017.

 

3Q17 vs. 3Q16

 

Total club and restaurant sales: $36.9 million compared to $33.1 million.
   
Consolidated same-store sales: $33.4 million compared to $31.3 million.
   
Nightclubs segment sales: $32.3 million compared to $28.1 million (40 units vs. 38).
   
Bombshells restaurant segment sales: $4.6 million compared to $5.0 million (4 units vs. 5).

 

 

CEO Comment

 

Eric Langan, President and CEO, commented: “In 3Q17, RCI generated one of the largest quarterly increases in same-store sales in the last five years. This was primarily due to the Nightclubs segment, where sales rose 8.0% on a same-store basis and 14.9% on a total basis.

 

“In same-store sales, we are seeing a broad based recovery around the country both in VIP spend and in customer count. This was a nice surprise given our third quarter is normally seasonally weaker. Total sales also benefited from our acquisitions of Hollywood Showclub in St. Louis (April 25th) and of Scarlett’s Cabaret Miami (May 8th), which contributed a combined $2.2 million in new volume. We were particularly pleased with the performance of Scarlett’s Cabaret Miami.

 

  1
   

 

“Sales at our four existing Bombshells grew slightly on a same-store basis. Our fifth Bombshells is expected to open next week, on July 17th. We have broken ground on our sixth, picked out a property for our seventh, and plan to develop three more in 2018-2019. Customers continue to be attracted to our military theme and social dining concept with our Bombshells Girls, where you can have a great time, great food, watch the game, listen to music, and hang out with friends or family.

 

“Overall, we appear to be gaining momentum the same time as the economy appears to be. With our increases in same-store sales and our return to acquisition mode, management at all levels is excited about the prospects going forward.”

 

Notes

 

Nightclubs and Bombshells segment sales do not include sales from non-core operations.
 
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.

 

About RCI Hospitality Holdings, Inc. (Nasdaq: RICK)

 

With 44 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, Miami, Philadelphia, Charlotte, Dallas/Ft. Worth, Houston, Minneapolis and other cities 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.” 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

 

  2
   

 

 

 


The following information was filed by Rci Hospitality Holdings, Inc. (RICK) on Tuesday, July 11, 2017 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

View differences made from one quarter to another to evaluate Rci Hospitality Holdings, Inc.'s financial trajectory

Compare SEC Filings Year-over-Year (YoY) and Quarter-over-Quarter (QoQ)
Sample 10-K Year-over-Year (YoY) Comparison

Compare this 10-Q Quarterly Report to its predecessor by reading our highlights to see what text and tables were  removed  ,   added    and   changed   by Rci Hospitality Holdings, Inc..

Continue

Never Miss A New SEC Filing Again


Real-Time SEC Filing Notifications
Screenshot taken from Gmail for a new 10-K Annual Report
Last10K.com Member Feature

Receive an e-mail as soon as a company files an Annual Report, Quarterly Report or has new 8-K corporate news.

Continue

We Highlighted This SEC Filing For You


SEC Filing Sentiment Analysis - Bullish, Bearish, Neutral
Screenshot taken from Wynn's 2018 10-K Annual Report
Last10K.com Member Feature

Read positive and negative remarks made by management in their entirety without having to find them in a 10-K/Q.

Continue

Widen Your SEC Filing Reading Experience


Increased Reading Area for SEC Filings
Screenshot taken from Adobe Inc.'s 10-Q Quarterly Report
Last10K.com Member Feature

Remove data columns and navigations in order to see much more filing content and tables in one view

Continue

Uncover Actionable Information Inside SEC Filings


SEC Filing Disclosures
Screenshot taken from Lumber Liquidators 10-K Annual Report
Last10K.com Member Feature

Read both hidden opportunities and early signs of potential problems without having to find them in a 10-K/Q

Continue

Adobe PDF, Microsoft Word and Excel Downloads


Download Annual and Quarterly Reports as PDF, Word and Excel Documents
Screenshots of actual 10-K and 10-Q SEC Filings in PDF, Word and Excel formats
Last10K.com Member Feature

Export Annual and Quarterly Reports to Adobe PDF, Microsoft Word and Excel for offline viewing, annotations and analysis

Continue

FREE Financial Statements


Download Annual and Quarterly Reports as PDF, Word and Excel Documents
Screenshot of actual balance sheet from company 10-K Annual Report
Last10K.com Member Feature

Get one-click access to balance sheets, income, operations and cash flow statements without having to find them in Annual and Quarterly Reports

Continue for FREE

Intrinsic Value Calculator


Intrinsic Value Calculator
Screenshot of intrinsic value for AT&T (2019)
Last10K.com Member Feature

Our Intrinsic Value calculator estimates what an entire company is worth using up to 10 years of financial ratios to determine if a stock is overvalued or not

Continue

Financial Stability Report


Financial Stability Report
Screenshot of financial stability report for Coco-Cola (2019)
Last10K.com Member Feature

Our Financial Stability reports uses up to 10 years of financial ratios to determine the health of a company's EPS, Dividends, Book Value, Return on Equity, Current Ratio and Debt-to-Equity

Continue

Get a Better Picture of a Company's Performance


Financial Ratios
Available Financial Ratios
Last10K.com Member Feature

See how over 70 Growth, Profitability and Financial Ratios perform over 10 Years

Continue

Log in with your credentials

or    

Forgot your details?

Create Account