RCI Hospitality (RICK) said Thursday that its fiscal Q3 club and restaurant sales fell 6.7% year over year to $70.5 million, while same-store sales declined 4.9%.
The company said nightclub sales for the fiscal quarter ended June 30 were down 0.8% from a year earlier to $61.9 million, with same-store sales down 3.7%.
New club openings and acquisitions mostly offset the same-store sales drop and the impact of a fire that closed one location in July 2024, according to RCI.
The company said total Bombshells sales dropped 34.6% year over year to $8.6 million due to prior closures and divestitures of underperforming units, partially offset by the new Denver location. Same-store sales at Bombshells were down 13.5%, the company said.
Full fiscal Q3 results are expected by Aug. 11, RCI said.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.