{"id":473655,"date":"2021-04-08T09:04:16","date_gmt":"2021-04-08T13:04:16","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=473655"},"modified":"2021-04-08T09:04:16","modified_gmt":"2021-04-08T13:04:16","slug":"rci-2q21-total-club-restaurant-sales-up-9-5-year-over-year","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/rci-2q21-total-club-restaurant-sales-up-9-5-year-over-year\/","title":{"rendered":"RCI 2Q21 Total Club &amp; Restaurant Sales Up 9.5% Year-over-Year"},"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        <span class=\"xn-location\">HOUSTON<\/span>, <span class=\"xn-chron\">April 8, 2021<\/span> \/PRNewswire\/ &#8212; RCI Hospitality Holdings, Inc. (Nasdaq: RICK) today reported sales for its Nightclubs and Bombshells restaurants for the fiscal 2021 second quarter ended <span class=\"xn-chron\">March 31, 2021<\/span>. Results reflected a continued rebound through the COVID-19 pandemic.<\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder1\">\n<p>\n          <a href=\"https:\/\/mma.prnewswire.com\/media\/362901\/RCI_Hospitality_Holdings_Corporate_Logo.html\" target=\"_blank\" rel=\"nofollow noopener noreferrer\"><br \/>\n            <img decoding=\"async\" src=\"https:\/\/mma.prnewswire.com\/media\/362901\/RCI_Hospitality_Holdings_Corporate_Logo.jpg\" title=\"RCI Hospitality Holdings Corporate Logo (PRNewsFoto\/RCI Hospitality Holdings, Inc.) (PRNewsfoto\/RCI Hospitality Holdings, Inc.)\" alt=\"RCI Hospitality Holdings Corporate Logo (PRNewsFoto\/RCI Hospitality Holdings, Inc.) (PRNewsfoto\/RCI Hospitality Holdings, Inc.)\" \/><br \/>\n          <\/a>\n        <\/p>\n<\/p><\/div>\n<p>\n        <b>2Q21 vs. 2Q20<\/b>\n      <\/p>\n<ul type=\"disc\">\n<li>Total club and restaurant sales: <span class=\"xn-money\">$43.5 million<\/span> compared to <span class=\"xn-money\">$39.8 million<\/span> (+9.5%) <\/li>\n<li>Total club and restaurant same-store sales: <span class=\"xn-money\">$16.9 million<\/span> compared to <span class=\"xn-money\">$13.4 million<\/span> (+26.3%) <\/li>\n<li>Nightclubs total sales: <span class=\"xn-money\">$30.4 million<\/span> compared to <span class=\"xn-money\">$31.0 million<\/span> (-1.9%) <\/li>\n<li>Nightclubs same-store sales: <span class=\"xn-money\">$6.9 million<\/span> compared to <span class=\"xn-money\">$6.6 million<\/span> (+3.6%) <\/li>\n<li>Bombshells total sales: <span class=\"xn-money\">$13.2 million<\/span> compared to <span class=\"xn-money\">$8.8 million<\/span> (+49.5%) <\/li>\n<li>Bombshells same-store sales: <span class=\"xn-money\">$10.0 million<\/span> compared to <span class=\"xn-money\">$6.7 million<\/span> (+48.6%) <\/li>\n<li>Many locations were not open enough days in 2Q21 and 2Q20 to be part of same-store sales. This was due to different restrictions in both periods and weather in 2Q21 that primarily affected clubs.<\/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 very excited about our first quarterly increase in total club and restaurant sales in 12 months and ending the quarter with approximately <span class=\"xn-money\">$20 million<\/span> in cash.<\/p>\n<p>&#8220;Total sales in January were better than December. February was affected by the Texas Freeze. In March, RCI recorded the highest monthly club and restaurant sales in company history. We believe the continued sequential quarterly improvement reflects more locations open on a more consistent basis, less restrictive curfews, and the ongoing return of our loyal customer base, all of which are generally benefitting from increased vaccinations. This was despite the fact that most of our larger locations in northern states still operated under more restrictive curfews, which are starting to end.<\/p>\n<p>&#8220;We continue to move full speed ahead with our growth plans. The first of our previously announced 10 new company owned Bombshells planned over the next three years is now under construction in <span class=\"xn-location\">Arlington, TX<\/span>, while we continue to look for new locations. Our first franchisee is about to begin construction on the first of its three planned locations in <span class=\"xn-location\">San Antonio, TX.<\/span> Now that we have all of our appraisals, we are working on finalizing the refinancing of our bank real estate debt. We expect to report 2Q21 financial results by <span class=\"xn-chron\">May 10<\/span><sup>th<\/sup>, and we look forward to EXPO, the adult nightclub industry&#8217;s national convention, tradeshow and awards, on <span class=\"xn-chron\">May 23-26<\/span> in <span class=\"xn-location\">Miami<\/span>.<\/p>\n<p>&#8220;We greatly appreciate the loyalty of our customers. Special thanks to our team members for making everything possible. We urge all customers to continue to be COVID-safe and get their vaccines so we can remain open to serve you and keep our team members working.&#8221;<\/p>\n<p>\n        <b>Open Status<\/b>\n      <\/p>\n<ul type=\"disc\">\n<li>During 2Q21, 29 of 38 clubs were open the full quarter and 37 by period end. All 10 Bombshells were open. But the Texas Freeze caused 21 clubs and all the Bombshells to close for several days mid-February. The only club not open is in <span class=\"xn-location\">Sulphur, LA<\/span> which is under reconstruction. <\/li>\n<li>Most locations continued to limit occupancy voluntarily or in accordance with coronavirus safety plans, and not all clubs operated at full schedules in line with local government restrictions, although curfews became less restrictive, particularly in March. <\/li>\n<li>Restrictive curfews ended <span class=\"xn-chron\">March 26<\/span> in <span class=\"xn-location\">Charlotte<\/span> (where we have 1 club) and this past Monday in <span class=\"xn-location\">Pittsburgh<\/span> (1 club). The <span class=\"xn-chron\">11 PM<\/span> bar and restaurant curfew is being evaluated in <span class=\"xn-location\">New York State<\/span>, where we have 3 clubs in <span class=\"xn-location\">Manhattan<\/span>. Restrictive curfews continue in <span class=\"xn-location\">Chicago<\/span> (1 club) and <span class=\"xn-location\">Minneapolis<\/span> (3 clubs). <\/li>\n<li>During 2Q20, 38 clubs, 9 existing Bombshells, and a new Bombshells that opened late in <span class=\"xn-chron\">January 2020<\/span>, were all closed by <span class=\"xn-chron\">mid-March 2020<\/span> with the declaration of the COVID-19 pandemic. Until the first part of March, 2Q20 sales had been strong for clubs and restaurants due in part to the professional football championship in <span class=\"xn-location\">Miami<\/span> (location of our two largest clubs) and the opening of the 10th Bombshells.<\/li>\n<\/ul>\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>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=DA35814&amp;sd=2021-04-08\" \/> View original content to download multimedia:<a id=\"PRNURL\" rel=\"nofollow\" href=\"http:\/\/www.prnewswire.com\/news-releases\/rci-2q21-total-club--restaurant-sales-up-9-5-year-over-year-301265111.html\">http:\/\/www.prnewswire.com\/news-releases\/rci-2q21-total-club&#8211;restaurant-sales-up-9-5-year-over-year-301265111.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=DA35814&amp;Transmission_Id=202104080900PR_NEWS_USPR_____DA35814&amp;DateId=20210408\" style=\"border:0px;width:1px;height:1px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>PR Newswire HOUSTON, April 8, 2021 \/PRNewswire\/ &#8212; RCI Hospitality Holdings, Inc. (Nasdaq: RICK) today reported sales for its Nightclubs and Bombshells restaurants for the fiscal 2021 second quarter ended March 31, 2021. Results reflected a continued rebound through the COVID-19 pandemic. 2Q21 vs. 2Q20 Total club and restaurant sales: $43.5 million compared to $39.8 million (+9.5%) Total club and restaurant same-store sales: $16.9 million compared to $13.4 million (+26.3%) Nightclubs total sales: $30.4 million compared to $31.0 million (-1.9%) Nightclubs same-store sales: $6.9 million compared to $6.6 million (+3.6%) Bombshells total sales: $13.2 million compared to $8.8 million (+49.5%) Bombshells same-store sales: $10.0 million compared to $6.7 million (+48.6%) Many locations were not open enough days in 2Q21 and &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/rci-2q21-total-club-restaurant-sales-up-9-5-year-over-year\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;RCI 2Q21 Total Club &amp; Restaurant Sales Up 9.5% Year-over-Year&#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-473655","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>RCI 2Q21 Total Club &amp; Restaurant Sales Up 9.5% Year-over-Year - 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-2q21-total-club-restaurant-sales-up-9-5-year-over-year\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"RCI 2Q21 Total Club &amp; Restaurant Sales Up 9.5% Year-over-Year - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PR Newswire HOUSTON, April 8, 2021 \/PRNewswire\/ &#8212; RCI Hospitality Holdings, Inc. (Nasdaq: RICK) today reported sales for its Nightclubs and Bombshells restaurants for the fiscal 2021 second quarter ended March 31, 2021. Results reflected a continued rebound through the COVID-19 pandemic. 2Q21 vs. 2Q20 Total club and restaurant sales: $43.5 million compared to $39.8 million (+9.5%) Total club and restaurant same-store sales: $16.9 million compared to $13.4 million (+26.3%) Nightclubs total sales: $30.4 million compared to $31.0 million (-1.9%) Nightclubs same-store sales: $6.9 million compared to $6.6 million (+3.6%) Bombshells total sales: $13.2 million compared to $8.8 million (+49.5%) Bombshells same-store sales: $10.0 million compared to $6.7 million (+48.6%) Many locations were not open enough days in 2Q21 and &hellip; Continue reading &quot;RCI 2Q21 Total Club &amp; Restaurant Sales Up 9.5% Year-over-Year&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/rci-2q21-total-club-restaurant-sales-up-9-5-year-over-year\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2021-04-08T13:04:16+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/mma.prnewswire.com\/media\/362901\/RCI_Hospitality_Holdings_Corporate_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=\"4 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-2q21-total-club-restaurant-sales-up-9-5-year-over-year\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/rci-2q21-total-club-restaurant-sales-up-9-5-year-over-year\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"RCI 2Q21 Total Club &amp; 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Restaurant Sales Up 9.5% Year-over-Year - 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-2q21-total-club-restaurant-sales-up-9-5-year-over-year\/","og_locale":"en_US","og_type":"article","og_title":"RCI 2Q21 Total Club &amp; Restaurant Sales Up 9.5% Year-over-Year - Market Newsdesk","og_description":"PR Newswire HOUSTON, April 8, 2021 \/PRNewswire\/ &#8212; RCI Hospitality Holdings, Inc. (Nasdaq: RICK) today reported sales for its Nightclubs and Bombshells restaurants for the fiscal 2021 second quarter ended March 31, 2021. Results reflected a continued rebound through the COVID-19 pandemic. 2Q21 vs. 2Q20 Total club and restaurant sales: $43.5 million compared to $39.8 million (+9.5%) Total club and restaurant same-store sales: $16.9 million compared to $13.4 million (+26.3%) Nightclubs total sales: $30.4 million compared to $31.0 million (-1.9%) Nightclubs same-store sales: $6.9 million compared to $6.6 million (+3.6%) Bombshells total sales: $13.2 million compared to $8.8 million (+49.5%) Bombshells same-store sales: $10.0 million compared to $6.7 million (+48.6%) Many locations were not open enough days in 2Q21 and &hellip; Continue reading \"RCI 2Q21 Total Club &amp; Restaurant Sales Up 9.5% Year-over-Year\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/rci-2q21-total-club-restaurant-sales-up-9-5-year-over-year\/","og_site_name":"Market Newsdesk","article_published_time":"2021-04-08T13:04:16+00:00","og_image":[{"url":"https:\/\/mma.prnewswire.com\/media\/362901\/RCI_Hospitality_Holdings_Corporate_Logo.jpg","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/rci-2q21-total-club-restaurant-sales-up-9-5-year-over-year\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/rci-2q21-total-club-restaurant-sales-up-9-5-year-over-year\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"RCI 2Q21 Total Club &amp; 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