HOUSTON—RCI Hospitality Holdings, Inc., owners of the Rick's Cabaret and Vivid Cabaret chains, today announced total sales at adult clubs and restaurant/bars for the second fiscal quarter ended March 31. RCI expects to announce 2Q15 results on May 11.
RCI is reporting that total club and restaurant sales reached $36.7 million, which is a quarterly record, compared to $32.6 million in the same quarter in 2014. Same store sales were $29.1 million compared to $28.5 million in that year ago quarter.
RCI ran 44 units in 2Q15 (39 adult clubs and nightclubs and 5 restaurants), one more than a year ago. Nightclub segment sales (includes adult clubs and nightclubs) totaled $31.9 million compared to $31.2 million in 2Q14.
Eric Langan, president and CEO of RCI, commented, "We are very pleased Fiscal 2015 continues to perform well, in line with our plans. Average revenue per unit increased 10.2% year over year. This reflected the closing of four older, under-performing units and the addition of five with higher revenues."
Other HCI-operated clubs include XTC, Club Onyx, Jaguars, Tootsie's Cabaret, and the restaurant chain Bombshells.
"Units opened less than a year benefited from new adult clubs: Rick's Cabaret in Odessa, TX and the recently acquired Down in Texas Saloon in Austin, TX," Langan noted. "New store sales also benefited from Bombshells in Austin, Spring and Houston, TX.
"Same store sales reflected growth at many clubs. This was partially offset by adverse weather in March, especially in the Dallas-Fort Worth market, where the company has 11 locations. New York City units had difficult comparisons to the year ago quarter, when the pro football championship was played locally."
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