RCI Hospitality Holdings, Inc. (NASDAQ:RICK) reported club and restaurant sales for the fiscal first quarter ended December 31, 2024. Sales do not include non-core operations and are subject to final closing. Full 1Q25 financial results are expected to be reported by February 10, 2025.
Eric Langan, President & CEO of RCI, commented: "We're pleased to report that Nightclubs same-store sales increased year-over-year for the third quarter in a row. The decline in total Bombshells sales primarily reflected the previously announced divestiture and closing of underperforming locations."
Club & Restaurant Sales ($ in Millions)
1Q25 | Total Sales | Total Sales vs. 1Q24 | Same-Store Sales vs. 1Q24 |
Nightclubs | $61.3 | +1.2 % | +3.7 % |
Bombshells | $9.6 | -24.7 % | -7.5 % |
Combined | $70.9 | -3.3 % | +2.3 % |
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.