RCI Hospitality Reports Q4 Sales Increase for Club and Sports Bar Segment
RCI Hospitality Holdings (RICK) reported fiscal fourth-quarter club and sports bar sales of $70.4 million, representing a modest 0.8% increase compared to the same period last year. The growth was driven by an 18.3% rise in Bombshells sales to $11.1 million, partially offsetting a decline in nightclub revenue, which fell 1.9% to $59.3 million. The company also mentioned combined same-store sales performance but did not provide specific figures for the overall segment or individual brands beyond what was already disclosed. The results reflect mixed performance across RCI's business lines amid ongoing industry challenges and shifting consumer behavior in nightlife and entertainment sectors.
Tickers: $RICK
Topics: hospitality retail sales performance