RCI Hospitality (RICK) Prnewswire·2025-01-08 14:00Core Insights - RCI Hospitality Holdings, Inc. reported an increase in same-store sales for Nightclubs for the third consecutive quarter, while Bombshells experienced a decline in total sales due to divestitures and closures of underperforming locations [1][2]. Group 1: Financial Performance - Nightclubs total sales reached 9.6 million, showing a significant decline of 24.7%, with same-store sales down by 7.5% compared to 1Q24 [1]. - Combined sales for both segments totaled $70.9 million, representing a decrease of 3.3%, while same-store sales increased by 2.3% [1]. Group 2: Operational Changes - The increase in Nightclubs sales was attributed to the rise in same-store sales, the opening of three new and reformatted clubs in Texas, and the absence of a club due to a fire incident in July 2024 [1]. - Bombshells' sales decline was primarily due to the divestiture and closure of five locations during 4Q24 and 1Q25, alongside a full quarter of operations from the Stafford, TX location that opened in mid-November 2023 [2]. Group 3: Company Overview - RCI Hospitality Holdings, Inc. operates more than 60 locations and is recognized as a leading company in the adult nightclubs and sports bars-restaurants sector in the United States [4].