{"id":510949,"date":"2021-07-08T09:04:15","date_gmt":"2021-07-08T13:04:15","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/rci-sets-new-record-for-total-quarterly-club-and-restaurant-sales-of-56-7m-in-3q21\/"},"modified":"2021-07-08T09:04:15","modified_gmt":"2021-07-08T13:04:15","slug":"rci-sets-new-record-for-total-quarterly-club-and-restaurant-sales-of-56-7m-in-3q21","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/rci-sets-new-record-for-total-quarterly-club-and-restaurant-sales-of-56-7m-in-3q21\/","title":{"rendered":"RCI Sets New Record for Total Quarterly Club and Restaurant Sales of $56.7M in 3Q21"},"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\">July 8, 2021<\/span> \/PRNewswire\/ &#8212; RCI Hospitality Holdings, Inc. (Nasdaq: RICK) today reported sales for its Nightclubs and Bombshells restaurants for the fiscal 2021 third quarter ended <span class=\"xn-chron\">June 30, 2021<\/span>. Results reflected a continued rebound from 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\"><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>3Q21 vs. 3Q20<\/b>\n      <\/p>\n<ul type=\"disc\">\n<li>Total club and restaurant sales: <span class=\"xn-money\">$56.7 million<\/span> compared to <span class=\"xn-money\">$14.3 million<\/span> (+296.0%) <\/li>\n<li>Nightclubs total sales: <span class=\"xn-money\">$40.6 million<\/span> compared to <span class=\"xn-money\">$5.8 million<\/span> (+602.1%) <\/li>\n<li>Bombshells total sales: <span class=\"xn-money\">$16.1 million<\/span> compared to <span class=\"xn-money\">$8.5 million<\/span> (+88.4%) <\/li>\n<li>There are no same-store sales comparisons for the quarter because no locations were open enough days in 3Q20 to qualify<\/li>\n<\/ul>\n<p>\n        <b>3Q21 vs. 3Q19<\/b>\n      <\/p>\n<p>\n        <i>*For illustrative purposes, the following compares data for 3Q21 to 3Q19 to provide a better understanding of sales trends over the last two years given the significant impact of the pandemic on 3Q20.<\/i>\n      <\/p>\n<ul type=\"disc\">\n<li>Total club and restaurant sales: <span class=\"xn-money\">$56.7 million<\/span> compared to <span class=\"xn-money\">$46.2 million<\/span> (+22.6%) <\/li>\n<li>Total club and restaurant same-store sales*: <span class=\"xn-money\">$53.0 million<\/span> compared to <span class=\"xn-money\">$45.2 million<\/span> (+17.2%) <\/li>\n<li>Nightclubs total sales: <span class=\"xn-money\">$40.6 million<\/span> compared to <span class=\"xn-money\">$37.5 million<\/span> (+8.4%) on 36 units vs. 38 <\/li>\n<li>Nightclubs same-store sales*: <span class=\"xn-money\">$40.6 million<\/span> compared to <span class=\"xn-money\">$36.5 million<\/span> (+11.3%) <\/li>\n<li>Bombshells total sales: <span class=\"xn-money\">$16.1 million<\/span> compared to <span class=\"xn-money\">$8.8 million<\/span> (+83.6%) on 10 units vs. 8 <\/li>\n<li>Bombshells same-store sales*: <span class=\"xn-money\">$12.4 million<\/span> compared to <span class=\"xn-money\">$8.8 million<\/span> (+41.6%)<\/li>\n<\/ul>\n<p>\n        <b>CEO Comment<\/b>\n      <\/p>\n<p>\n        <span class=\"xn-person\">Eric Langan<\/span>, President and CEO, said, &#8220;We are very pleased to set a new record for total quarterly club and restaurant sales of <span class=\"xn-money\">$56.7 million<\/span> in the June quarter, reflecting new quarterly sales records for both our Nightclubs segment with <span class=\"xn-money\">$40.6 million<\/span> and our Bombshells segment with <span class=\"xn-money\">$16.1 million<\/span>.<\/p>\n<p>&#8220;In May, RCI recorded the highest monthly club and restaurant sales in company history, followed by June and then March. Total club and restaurant same-store sales for 3Q21 versus 3Q19 increased 17.2%. We believe this comparison provides a better understanding of\u00a0sales trends given the significant impact of the pandemic on 3Q20.<\/p>\n<p>&#8220;We believe the continued sequential quarterly improvement in total club and restaurant sales reflects the elimination of all restrictive curfews and occupancy restrictions on our northern clubs by the beginning of June and the ongoing return of our loyal customer base, all of which are generally benefitting from increased vaccinations.<\/p>\n<p>&#8220;Approximately 43% of the sequential quarterly\u00a0improvement in clubs came from our northern locations, about 30% from our clubs in <span class=\"xn-location\">Texas<\/span>, and approximately 27% from our locations in <span class=\"xn-location\">Florida<\/span> and other areas. All Bombshells locations generated double-digit percentage sequential quarterly sales increases.<\/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 get their vaccines so we can remain open to serve you and keep our team members working.&#8221;<\/p>\n<p>RCI expects to report 3Q21 financial results by <span class=\"xn-chron\">August 9th<\/span>. <\/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>Unit counts are at period end. <\/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>About RCI Hospitality Holdings, Inc. (Nasdaq: RICK)<\/b>\n      <\/p>\n<p>With more than 40 units, RCI Hospitality Holdings, Inc., through its subsidiaries, is the country&#8217;s leading company in gentlemen&#8217;s clubs and sports bars\/restaurants. Clubs in <span class=\"xn-location\">New York City<\/span>, <span class=\"xn-location\">Chicago<\/span>, <span class=\"xn-location\">Dallas\/Ft. Worth<\/span>, <span class=\"xn-location\">Houston<\/span>, <span class=\"xn-location\">Miami<\/span>, <span class=\"xn-location\">Minneapolis<\/span>, <span class=\"xn-location\">St. Louis<\/span>, Charlotte, <span class=\"xn-location\">Pittsburgh<\/span>, and other markets operate under brand names such as Rick&#8217;s Cabaret, XTC, Club Onyx, Vivid Cabaret, Jaguars Club, Tootsie&#8217;s Cabaret, and Scarlett&#8217;s Cabaret. Sports bars\/restaurants operate under the brand name Bombshells Restaurant &amp; Bar. Please visit <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3220717-1&amp;h=1233752508&amp;u=http%3A%2F%2Fwww.rcihospitality.com%2F&amp;a=http%3A%2F%2Fwww.rcihospitality.com%2F\" rel=\"nofollow noopener\">http:\/\/www.rcihospitality.com\/<\/a><\/p>\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 and 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\">gary.fishman@anreder.com<\/a> and <a target=\"_blank\" href=\"mailto:steven.anreder@anreder.com\" rel=\"nofollow noopener\">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=DA35791&amp;sd=2021-07-08\" \/> View original content to download multimedia:<a id=\"PRNURL\" rel=\"nofollow\" href=\"https:\/\/www.prnewswire.com\/news-releases\/rci-sets-new-record-for-total-quarterly-club-and-restaurant-sales-of-56-7m-in-3q21--301327927.html\">https:\/\/www.prnewswire.com\/news-releases\/rci-sets-new-record-for-total-quarterly-club-and-restaurant-sales-of-56-7m-in-3q21&#8211;301327927.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=DA35791&amp;Transmission_Id=202107080900PR_NEWS_USPR_____DA35791&amp;DateId=20210708\" style=\"border:0px;width:1px;height:1px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>PR Newswire HOUSTON, July 8, 2021 \/PRNewswire\/ &#8212; RCI Hospitality Holdings, Inc. (Nasdaq: RICK) today reported sales for its Nightclubs and Bombshells restaurants for the fiscal 2021 third quarter ended June 30, 2021. Results reflected a continued rebound from the COVID-19 pandemic. 3Q21 vs. 3Q20 Total club and restaurant sales: $56.7 million compared to $14.3 million (+296.0%) Nightclubs total sales: $40.6 million compared to $5.8 million (+602.1%) Bombshells total sales: $16.1 million compared to $8.5 million (+88.4%) There are no same-store sales comparisons for the quarter because no locations were open enough days in 3Q20 to qualify 3Q21 vs. 3Q19 *For illustrative purposes, the following compares data for 3Q21 to 3Q19 to provide a better understanding of sales trends over &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/rci-sets-new-record-for-total-quarterly-club-and-restaurant-sales-of-56-7m-in-3q21\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;RCI Sets New Record for Total Quarterly Club and Restaurant Sales of $56.7M in 3Q21&#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-510949","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>RCI Sets New Record for Total Quarterly Club and Restaurant Sales of $56.7M in 3Q21 - 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-sets-new-record-for-total-quarterly-club-and-restaurant-sales-of-56-7m-in-3q21\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"RCI Sets New Record for Total Quarterly Club and Restaurant Sales of $56.7M in 3Q21 - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PR Newswire HOUSTON, July 8, 2021 \/PRNewswire\/ &#8212; RCI Hospitality Holdings, Inc. (Nasdaq: RICK) today reported sales for its Nightclubs and Bombshells restaurants for the fiscal 2021 third quarter ended June 30, 2021. Results reflected a continued rebound from the COVID-19 pandemic. 3Q21 vs. 3Q20 Total club and restaurant sales: $56.7 million compared to $14.3 million (+296.0%) Nightclubs total sales: $40.6 million compared to $5.8 million (+602.1%) Bombshells total sales: $16.1 million compared to $8.5 million (+88.4%) There are no same-store sales comparisons for the quarter because no locations were open enough days in 3Q20 to qualify 3Q21 vs. 3Q19 *For illustrative purposes, the following compares data for 3Q21 to 3Q19 to provide a better understanding of sales trends over &hellip; Continue reading &quot;RCI Sets New Record for Total Quarterly Club and Restaurant Sales of $56.7M in 3Q21&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/rci-sets-new-record-for-total-quarterly-club-and-restaurant-sales-of-56-7m-in-3q21\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2021-07-08T13:04:15+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-sets-new-record-for-total-quarterly-club-and-restaurant-sales-of-56-7m-in-3q21\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/rci-sets-new-record-for-total-quarterly-club-and-restaurant-sales-of-56-7m-in-3q21\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"RCI Sets New Record for Total Quarterly Club and Restaurant Sales of $56.7M in 3Q21\",\"datePublished\":\"2021-07-08T13:04:15+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/rci-sets-new-record-for-total-quarterly-club-and-restaurant-sales-of-56-7m-in-3q21\\\/\"},\"wordCount\":773,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/rci-sets-new-record-for-total-quarterly-club-and-restaurant-sales-of-56-7m-in-3q21\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/mma.prnewswire.com\\\/media\\\/362901\\\/RCI_Hospitality_Holdings_Corporate_Logo.jpg\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/rci-sets-new-record-for-total-quarterly-club-and-restaurant-sales-of-56-7m-in-3q21\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/rci-sets-new-record-for-total-quarterly-club-and-restaurant-sales-of-56-7m-in-3q21\\\/\",\"name\":\"RCI Sets New Record for Total Quarterly Club and Restaurant Sales of $56.7M in 3Q21 - 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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-sets-new-record-for-total-quarterly-club-and-restaurant-sales-of-56-7m-in-3q21\/","og_locale":"en_US","og_type":"article","og_title":"RCI Sets New Record for Total Quarterly Club and Restaurant Sales of $56.7M in 3Q21 - Market Newsdesk","og_description":"PR Newswire HOUSTON, July 8, 2021 \/PRNewswire\/ &#8212; RCI Hospitality Holdings, Inc. (Nasdaq: RICK) today reported sales for its Nightclubs and Bombshells restaurants for the fiscal 2021 third quarter ended June 30, 2021. Results reflected a continued rebound from the COVID-19 pandemic. 3Q21 vs. 3Q20 Total club and restaurant sales: $56.7 million compared to $14.3 million (+296.0%) Nightclubs total sales: $40.6 million compared to $5.8 million (+602.1%) Bombshells total sales: $16.1 million compared to $8.5 million (+88.4%) There are no same-store sales comparisons for the quarter because no locations were open enough days in 3Q20 to qualify 3Q21 vs. 3Q19 *For illustrative purposes, the following compares data for 3Q21 to 3Q19 to provide a better understanding of sales trends over &hellip; Continue reading \"RCI Sets New Record for Total Quarterly Club and Restaurant Sales of $56.7M in 3Q21\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/rci-sets-new-record-for-total-quarterly-club-and-restaurant-sales-of-56-7m-in-3q21\/","og_site_name":"Market Newsdesk","article_published_time":"2021-07-08T13:04:15+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-sets-new-record-for-total-quarterly-club-and-restaurant-sales-of-56-7m-in-3q21\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/rci-sets-new-record-for-total-quarterly-club-and-restaurant-sales-of-56-7m-in-3q21\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"RCI Sets New Record for Total Quarterly Club and Restaurant Sales of $56.7M in 3Q21","datePublished":"2021-07-08T13:04:15+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/rci-sets-new-record-for-total-quarterly-club-and-restaurant-sales-of-56-7m-in-3q21\/"},"wordCount":773,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/rci-sets-new-record-for-total-quarterly-club-and-restaurant-sales-of-56-7m-in-3q21\/#primaryimage"},"thumbnailUrl":"https:\/\/mma.prnewswire.com\/media\/362901\/RCI_Hospitality_Holdings_Corporate_Logo.jpg","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/rci-sets-new-record-for-total-quarterly-club-and-restaurant-sales-of-56-7m-in-3q21\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/rci-sets-new-record-for-total-quarterly-club-and-restaurant-sales-of-56-7m-in-3q21\/","name":"RCI Sets New Record for Total Quarterly Club and Restaurant Sales of $56.7M in 3Q21 - 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