RCI Hospitality Provides Q1 Business Update, Shares Down

Company Overview - RCI Hospitality Holdings, Inc. (RICK) provided an update on its business for the first quarter of fiscal 2025, expecting to release results by February 10, 2025, with shares declining 1.3% following the news [1] Revenue Details - RICK reported total sales of $70.9 million in the fiscal first quarter, a decline of 3.3$61.3 million, reflecting a 1.2% year-over-year increase, influenced by the addition of three new and reformatted clubs in Texas and the loss of a club due to a fire in July 2024 [2] Bombshells Performance - Bombshells reported sales of $9.6 million in the latest quarter, marking a year-over-year decline of 24.7%, impacted by the closure of five locations and a significant decline in same-store sales of 7.5% [3] Stock Performance - RICK's shares have lost 46.9% in the past six months, contrasting with the industry's growth of 9.9% [4] Zacks Rank and Comparisons - RICK currently holds a Zacks Rank 5 (Strong Sell), while Lindblad Expeditions Holdings, Inc. (LIND) has a Zacks Rank 1 (Strong Buy) [5] - Other companies in the sector, such as Norwegian Cruise Line Holdings Ltd. (NCLH) and Royal Caribbean Cruises Ltd. (RCL), have shown significant stock performance and positive growth estimates for 2025 [6][7]