CEO Comment "We generated strong first quarter results," said Eric Langan, President & CEO. "Total revenues increased 6.8% year over year, led by our Nightclubs segment, with increases of 4.3% in same-store sales, 7.1% in total revenues, and only a partial quarter contribution from newly acquired clubs in Chicago and Pittsburgh.
2Q19 vs. 2Q18 Total club and restaurant sales: $44.1 million compared to $40.8 million – up 8.2% Consolidated same-store sales: $38.8 million compared to $39.9 million – down 2.8% Nightclubs total sales: $36.6 million compared to $35.2 million (39 units vs. 38) – up 4.0% Nightclubs same-store sales: $33.9 million compared to $34.3 million – down 1.2% Bombshells total sales: $7.5 million compared to $5.6 million (8 units vs. 5) – up 34.4% Bombshells same-store sales: $4.9 million compared to $5.6 million – down 12.7%
Nightclubs and Bombshells 4Q19 Revenue Trends (for July-August 2019) Nightclubs: Total revenues increased more than 6% with an improvement in same-store sales Bombshells: Total revenues increased more than 50% with a more than 20% increase in same store sales
1Q20 vs. 1Q19 Total club and restaurant sales: $47.8 million compared to $43.4 million – up 10.1% Consolidated same-store sales: $39.7 million compared to $39.5 million – up 0.7% Nightclubs total sales: $37.4 million compared to $37.4 million (38 units vs. 39) – up 0.1% Nightclubs same-store sales: $34.2 million compared to $34.8 million – down 1.8% Bombshells total sales: $10.3 million compared to $6.0 million (9 units vs. 7) – up 72.1% Bombshells same-store sales: $5.5 million compared to $4.6 million – up 19.2%
RCI to File 10-K, Hold Call and Meet Management; Board Ups Buy Back Authorization $10 Million HOUSTON – February 10, 2020 – RCI Hospitality Holdings, Inc. (Nasdaq: RICK) plans to file its 10-K and report financial results for its Fiscal 4Q19 and 2019 after the market closes Thursday, February 13, 2020. The company will hold a related conference call that day at 4:30 PM ET. At 6:00 PM ET, investors can meet management at Rick's Cabaret New York, Manhattan's No. 1 gentlemen's club, and tour its sister club, Hoops Cabaret and Sports Bar, next door. RCI also announced it had filed today an SEC Form 12b-25 notification of late filing in connection with its 1Q20 10-Q, which was due today. The company anticipates filing the 10-Q later this month. In addition, RCI announced its Board of Directors, based on RCI's 1Q20 financial performance, authorized the repurchase of an additional $10.0 million of common stock, bringing the total available funds to approximately $13.8 million, including those funds remaining from a previous authorization. From FY15 to 1Q20, the company has spent approximately $20 million buying back shares, including $6.4 million in 1Q20.
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