RCI Hospitality Fiscal Q1 Club, Restaurant Sales Decline

MT Newswires Live
01-08

RCI Hospitality Holdings (RICK) said Wednesday that its fiscal Q1 club and restaurant sales declined by 3.3% year on year to $70.9 million, while same-store sales grew 2.3%.

The company said nightclub sales during the quarter increased by 1.2% and Bombshells sales fell by 24.7%, mainly due to the divestiture and closing of five locations in the last two quarters.

RCI Hospitality Holdings is set to release its fiscal Q1 results on Feb. 10.

Price: 56.85, Change: -0.47, Percent Change: -0.82

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