RCI 4Q21 Clubs and Restaurants sales of $ 54.4 million, + 91.6% vs. 4Q20 and + 23.5% vs. 4Q19


HOUSTON, 12 October 2021 / PRNewswire / – RCI Hospitality Holdings, Inc. (Nasdaq: RICK) Announces Sales of Its Nightclubs and Bombshells Restaurants for the Fourth Quarter and Fiscal Year Ended Fiscal 2021 September 30, 2021.

Eric Langan, President and CEO of RCI Hospitality Holdings, Inc., said, “We have had an excellent fourth quarter and year. Florida clubs performed particularly well, with record combined fourth quarter and full year sales up 51% and 38% from 4Q19 and FY19, respectively. Bombshells also had a record year with sales of $ 56.6 million in FY21, up 83.7% from FY19.

“The current first quarter should benefit from our typical seasonal increase in sales compared to the fourth quarter. 1Q22 is also expected to benefit from the closing of our pending acquisitions of 12 clubs in 7 states and the opening of our 11th Bombshells, which will take place in the Dallas suburb of Arlington. We plan to release full 4Q21 and FY21 financial results by December 14th. “

RCI Fourth Quarter













Total sales


Sales in the same stores


4Q21 sales


vs 2020


compared to 2019


vs 2020


compared to 2019

Combined

$ 54.4M


+ 91.6%


+ 23.5%


+ 2.1%


+ 16.2%

Nightclubs

$ 40.0M


+ 211.0%


+ 12.6%


+ 31.5%


+ 12.8%

Bombs

$ 14.4 million


-7.3%


+ 68.8%


-14.6%


+ 30.0%


RCI Full Year













Total sales


Sales in the same stores


FY21 Sales


vs 2020


compared to 2019


vs 2020


compared to 2019

Combined

$ 192.4M


+ 47.7%


+ 8.2%


+ 1.5%


+ 12.9%

Nightclubs

$ 135.8M


+ 56.0%


-7.6%


-2.1%


+ 6.0%

Bombs

$ 56.6 million


+ 31.0%


+ 83.7%


+ 7.7%


+ 40.2%

Remarks:

  • Sales do not include non-core transactions and are preliminary and subject to final closing.
  • Bombshells 4Q21 sales faced a tough comparison to the quarter of last year, when sales benefited from a busy sporting calendar and the channel was one of the few such sites open in its markets. .
  • The COVID pandemic first impacted RCI 2Q20 sales when all sites had to close mid-March 2020. Locations slowly started to reopen May 2020 in 3Q20 from RCI.
  • All references to “RCI Hospitality Holdings, Inc.”, “company”, “we”, “our” and similar terms refer to RCI and / or its subsidiaries, unless the context indicates otherwise.

About RCI Hospitality Holdings, Inc. (Nasdaq: RICK)

With over 40 units, RCI Hospitality Holdings, Inc., through its subsidiaries, is the nation’s leading company in gentlemen’s clubs and sports bars / restaurants. Clubs in New York City, Chicago, Dallas / Ft. Value, Houston, Miami, Minneapolis, Saint Louis, Charlotte, Pittsburgh, and other markets operate under brands such as Rick’s Cabaret, XTC, Club Onyx, Vivid Cabaret, Jaguars Club, Tootsie’s Cabaret and Scarlett’s Cabaret. Sports bars / restaurants operate under the Bombshells Restaurant & Bar brand. Please visit http://www.rcihospitality.com/

Forward-looking statements

This press release may contain forward-looking statements that involve a number of risks and uncertainties that could cause the actual results of the company to differ materially from those shown in this press release, including, but not limited to y limit the risks and uncertainties associated with (i) the operation and management of a business for adults, (ii) the business climate in the cities where it operates, (iii) the success or lack of success in the launch and development of the company’s activities, (iv) cybersecurity, (v) conditions relating to real estate transactions, (vi) the impact of the COVID-19 pandemic and (vii) numerous other factors such as laws governing the operation of adult entertainment businesses, competition and reliance on key personnel. For a more detailed discussion of these factors and certain risks and uncertainties, see RCI’s Annual Report on Form 10-K for the year ended. September 30, 2020, as well as its other documents filed with the United States Securities and Exchange Commission. The company has no obligation to update or revise any forward-looking statements to reflect the occurrence of future events or circumstances.

Media and investor contacts
Gary Fishman and Steven anreder at 212-532-3232 or [email protected] and [email protected]

SOURCE RCI Hospitality Holdings, Inc.

Related links

http://www.rcihospitality.com


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