{"id":413178,"date":"2021-01-12T09:04:27","date_gmt":"2021-01-12T14:04:27","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=413178"},"modified":"2021-01-12T09:04:27","modified_gmt":"2021-01-12T14:04:27","slug":"rci-reports-1q21-club-restaurant-sales-reflecting-continued-rebound","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/rci-reports-1q21-club-restaurant-sales-reflecting-continued-rebound\/","title":{"rendered":"RCI Reports 1Q21 Club &amp; Restaurant Sales, Reflecting Continued Rebound"},"content":{"rendered":"<div class=\"xn-newslines\">\n<p class=\"xn-distributor\">PR Newswire<\/p>\n<\/p><\/div>\n<div class=\"xn-content\">\n<p \/>\n<p \/>\n<p>\n        <span class=\"xn-location\">HOUSTON<\/span>, <span class=\"xn-chron\">Jan. 12, 2021<\/span> \/PRNewswire\/ &#8212;\u00a0RCI Hospitality Holdings, Inc. (Nasdaq: RICK) today reported sales for its Nightclubs and Bombshells restaurants for the fiscal 2021 first quarter ended <span class=\"xn-chron\">December 31, 2020<\/span>. Results reflect a continued rebound from <span class=\"xn-chron\">April 2020<\/span> when all locations were closed due to the COVID-19 pandemic.<\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder1\">\n<p>\n          <a href=\"https:\/\/mma.prnewswire.com\/media\/321135\/rci_hospitality_holdings_inc_logo.html\" target=\"_blank\" rel=\"nofollow noopener noreferrer\"><br \/>\n            <img decoding=\"async\" src=\"https:\/\/mma.prnewswire.com\/media\/321135\/rci_hospitality_holdings_inc_logo.jpg\" title=\"RCI Hospitality Holdings Corporate Logo (PRNewsFoto\/RCI Hospitality Holdings, Inc.)\" alt=\"RCI Hospitality Holdings Corporate Logo (PRNewsFoto\/RCI Hospitality Holdings, Inc.)\" \/><br \/>\n          <\/a>\n        <\/p>\n<\/p><\/div>\n<p>\n        <b>1Q21 vs. 1Q20<\/b>\n      <\/p>\n<ul type=\"disc\">\n<li>Total club and restaurant sales: <span class=\"xn-money\">$37.8 million<\/span> compared to <span class=\"xn-money\">$47.8 million<\/span> (-20.9%) <\/li>\n<li>Consolidated same-store sales: <span class=\"xn-money\">$30.4 million<\/span> compared to <span class=\"xn-money\">$30.9 million<\/span> (-1.5%) <\/li>\n<li>Nightclubs total sales: <span class=\"xn-money\">$24.8 million<\/span> compared to <span class=\"xn-money\">$37.4 million<\/span> (-33.7%) <\/li>\n<li>Nightclubs same-store sales: <span class=\"xn-money\">$20.7 million<\/span> compared to <span class=\"xn-money\">$22.2 million<\/span> (-6.8%) <\/li>\n<li>Bombshells total sales: <span class=\"xn-money\">$13.0 million<\/span> compared to <span class=\"xn-money\">$10.3 million<\/span> (+25.4%) <\/li>\n<li>Bombshells same-store sales: <span class=\"xn-money\">$9.8 million<\/span> compared to <span class=\"xn-money\">$8.7 million<\/span> (+12.0%) <\/li>\n<\/ul>\n<p \/>\n<p>\n        <b>Open Status<\/b>\n      <\/p>\n<ul type=\"disc\">\n<li>During 1Q21, 24 clubs were open during the full quarter and 26 by period end, and all 10 Bombshells were open <\/li>\n<li>During 1Q20, 38 clubs were open, and the ninth Bombshells opened <span class=\"xn-chron\">October 2019<\/span><\/li>\n<li>As of yesterday, 39 of 48 locations were open (10 Bombshells and 29 Clubs) <\/li>\n<li>All locations continue to limit occupancy in accordance with coronavirus safety plans, and not all clubs are operating at full schedules, in line with local government restrictions<\/li>\n<\/ul>\n<p>\n        <b>CEO Comment<\/b>\n      <\/p>\n<p>\n        <span class=\"xn-person\">Eric Langan<\/span>, President &amp; CEO, said, &#8220;We are pleased to continue to have strong results through the COVID pandemic. We&#8217;ll still have to manage the ups and downs of COVID restrictions for at least the next two quarters, but are hopeful more locations will reopen and stay open as vaccine distribution ramps up.<\/p>\n<p>&#8220;First quarter club sales reflected more locations open on a more consistent basis versus last quarter. Most clubs that were open continued to rebuild customer traffic. This was partially offset by the need to keep locations in <span class=\"xn-location\">New York City<\/span>, <span class=\"xn-location\">Illinois<\/span>, <span class=\"xn-location\">Minneapolis<\/span>, and some other markets closed due to COVID restrictions.<\/p>\n<p>&#8220;Bombshells continued its momentum with record first quarter sales, the signing of our first franchise agreement, and more interest from potential franchisees.<\/p>\n<p>&#8220;We greatly appreciate the loyalty of our customers. Special thanks to our team members for making everything possible. We require all customers to follow COVID-related guidelines in our establishments so we can stay safe, remain open, serve our guests, and keep our team members working. We anticipate filing our 10-Q and reporting full 1Q21 financial results by <span class=\"xn-chron\">February 9<\/span>.&#8221;<b><br \/><\/b><\/p>\n<p>\n        <b>Notes<\/b>\n      <\/p>\n<ul type=\"disc\">\n<li>Sales do not include non-core operations and are preliminary and subject to final closing. <\/li>\n<li>Due to COVID-related closures, not all locations were open enough days, among other factors, to be included in 1Q21 same-store sales calculations. <\/li>\n<li>All references to &#8220;RCI Hospitality Holdings, Inc.,&#8221; &#8220;company,&#8221; &#8220;we,&#8221; &#8220;our,&#8221; and similar terms refer to RCI and\/or its subsidiaries, unless the context indicates otherwise.<\/li>\n<\/ul>\n<p>\n        <b>Forward-Looking Statements<\/b>\n      <\/p>\n<p>This press release may contain forward-looking statements that involve a number of risks and uncertainties that could cause the company&#8217;s actual results to differ materially from those indicated in this press release, 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&#8217;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&#8217;s annual report on Form 10-K for the year ended <span class=\"xn-chron\">September 30, 2020<\/span> 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.<\/p>\n<p>\n        <b>Media &amp; Investor Contacts<\/b>\n      <\/p>\n<p>\n        <span class=\"xn-person\">Gary Fishman<\/span> and <span class=\"xn-person\">Steven Anreder<\/span> at 212-532-3232 or <a target=\"_blank\" href=\"mailto:gary.fishman@anreder.com\" rel=\"nofollow noopener noreferrer\">gary.fishman@anreder.com<\/a> and <a target=\"_blank\" href=\"mailto:steven.anreder@anreder.com\" rel=\"nofollow noopener noreferrer\">steven.anreder@anreder.com<\/a><\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder2\"><\/div>\n<p id=\"PURL\">\n        <img loading=\"lazy\" decoding=\"async\" title=\"Cision\" width=\"12\" height=\"12\" alt=\"Cision\" src=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=DA45148&amp;sd=2021-01-12\" \/> View original content to download multimedia:<a id=\"PRNURL\" rel=\"nofollow\" href=\"http:\/\/www.prnewswire.com\/news-releases\/rci-reports-1q21-club--restaurant-sales-reflecting-continued-rebound-301206422.html\">http:\/\/www.prnewswire.com\/news-releases\/rci-reports-1q21-club&#8211;restaurant-sales-reflecting-continued-rebound-301206422.html<\/a><\/p>\n<p>SOURCE  RCI Hospitality Holdings, Inc.<\/p>\n<\/p><\/div>\n<p>    <img decoding=\"async\" alt=\"\" src=\"https:\/\/rt.prnewswire.com\/rt.gif?NewsItemId=DA45148&amp;Transmission_Id=202101120900PR_NEWS_USPR_____DA45148&amp;DateId=20210112\" style=\"border:0px;width:1px;height:1px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>PR Newswire HOUSTON, Jan. 12, 2021 \/PRNewswire\/ &#8212;\u00a0RCI Hospitality Holdings, Inc. (Nasdaq: RICK) today reported sales for its Nightclubs and Bombshells restaurants for the fiscal 2021 first quarter ended December 31, 2020. Results reflect a continued rebound from April 2020 when all locations were closed due to the COVID-19 pandemic. 1Q21 vs. 1Q20 Total club and restaurant sales: $37.8 million compared to $47.8 million (-20.9%) Consolidated same-store sales: $30.4 million compared to $30.9 million (-1.5%) Nightclubs total sales: $24.8 million compared to $37.4 million (-33.7%) Nightclubs same-store sales: $20.7 million compared to $22.2 million (-6.8%) Bombshells total sales: $13.0 million compared to $10.3 million (+25.4%) Bombshells same-store sales: $9.8 million compared to $8.7 million (+12.0%) Open Status During 1Q21, 24 &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/rci-reports-1q21-club-restaurant-sales-reflecting-continued-rebound\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;RCI Reports 1Q21 Club &amp; Restaurant Sales, Reflecting Continued Rebound&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-413178","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>RCI Reports 1Q21 Club &amp; Restaurant Sales, Reflecting Continued Rebound - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/rci-reports-1q21-club-restaurant-sales-reflecting-continued-rebound\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"RCI Reports 1Q21 Club &amp; Restaurant Sales, Reflecting Continued Rebound - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PR Newswire HOUSTON, Jan. 12, 2021 \/PRNewswire\/ &#8212;\u00a0RCI Hospitality Holdings, Inc. (Nasdaq: RICK) today reported sales for its Nightclubs and Bombshells restaurants for the fiscal 2021 first quarter ended December 31, 2020. Results reflect a continued rebound from April 2020 when all locations were closed due to the COVID-19 pandemic. 1Q21 vs. 1Q20 Total club and restaurant sales: $37.8 million compared to $47.8 million (-20.9%) Consolidated same-store sales: $30.4 million compared to $30.9 million (-1.5%) Nightclubs total sales: $24.8 million compared to $37.4 million (-33.7%) Nightclubs same-store sales: $20.7 million compared to $22.2 million (-6.8%) Bombshells total sales: $13.0 million compared to $10.3 million (+25.4%) Bombshells same-store sales: $9.8 million compared to $8.7 million (+12.0%) Open Status During 1Q21, 24 &hellip; Continue reading &quot;RCI Reports 1Q21 Club &amp; Restaurant Sales, Reflecting Continued Rebound&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/rci-reports-1q21-club-restaurant-sales-reflecting-continued-rebound\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2021-01-12T14:04:27+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/mma.prnewswire.com\/media\/321135\/rci_hospitality_holdings_inc_logo.jpg\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/rci-reports-1q21-club-restaurant-sales-reflecting-continued-rebound\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/rci-reports-1q21-club-restaurant-sales-reflecting-continued-rebound\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"RCI Reports 1Q21 Club &amp; 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Restaurant Sales, Reflecting Continued Rebound - Market Newsdesk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.marketnewsdesk.com\/index.php\/rci-reports-1q21-club-restaurant-sales-reflecting-continued-rebound\/","og_locale":"en_US","og_type":"article","og_title":"RCI Reports 1Q21 Club &amp; Restaurant Sales, Reflecting Continued Rebound - Market Newsdesk","og_description":"PR Newswire HOUSTON, Jan. 12, 2021 \/PRNewswire\/ &#8212;\u00a0RCI Hospitality Holdings, Inc. (Nasdaq: RICK) today reported sales for its Nightclubs and Bombshells restaurants for the fiscal 2021 first quarter ended December 31, 2020. Results reflect a continued rebound from April 2020 when all locations were closed due to the COVID-19 pandemic. 1Q21 vs. 1Q20 Total club and restaurant sales: $37.8 million compared to $47.8 million (-20.9%) Consolidated same-store sales: $30.4 million compared to $30.9 million (-1.5%) Nightclubs total sales: $24.8 million compared to $37.4 million (-33.7%) Nightclubs same-store sales: $20.7 million compared to $22.2 million (-6.8%) Bombshells total sales: $13.0 million compared to $10.3 million (+25.4%) Bombshells same-store sales: $9.8 million compared to $8.7 million (+12.0%) Open Status During 1Q21, 24 &hellip; Continue reading \"RCI Reports 1Q21 Club &amp; Restaurant Sales, Reflecting Continued Rebound\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/rci-reports-1q21-club-restaurant-sales-reflecting-continued-rebound\/","og_site_name":"Market Newsdesk","article_published_time":"2021-01-12T14:04:27+00:00","og_image":[{"url":"https:\/\/mma.prnewswire.com\/media\/321135\/rci_hospitality_holdings_inc_logo.jpg","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/rci-reports-1q21-club-restaurant-sales-reflecting-continued-rebound\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/rci-reports-1q21-club-restaurant-sales-reflecting-continued-rebound\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"RCI Reports 1Q21 Club &amp; 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