US-based RCI Hospitality Holdings has reported an 8.2% increase in total club and restaurant sales to $44.1m for the second quarter (2Q19) ending 31 March 2019.

Consolidated same-store sales were down by 2.8% to $38.8m compared to $39.9m the prior year.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

Total sales of the company’s nightclubs were up by 4% to $36.6m, compared to $35.2m while the same-store sales of its nightclubs were down by 1.2% to $33.9m compared to $34.3m in 2018.

In addition, the company’s Bombshells restaurants reported a 34.4% increase in total sales to $7.5m, compared to $5.6m, and a 12.7% decline in same-store sales to $4.9m, compared to $5.6m during the prior year.

RCI Hospitality president and CEO Eric Langan said: “New Nightclubs and Bombshells restaurants performed very well in Q219, helping to generate record total club and restaurant sales in what we knew would be a tough quarter for same-store sales.

“While Bombshells same-store sales are still rebounding from year-ago levels, we are making noticeable progress, significantly reducing the percentage decline from its low in 4Q18.”

“Nightclubs same-store sales were up against strong year-ago increases from our three large Minneapolis clubs due to high traffic from the pro football championship there, whereas the big game was not in any of our markets in 2Q19. However, it will be in North Miami next year near two of our largest locations.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

“While Bombshells same-store sales are still rebounding from year-ago levels, we are making noticeable progress, significantly reducing the percentage decline from its low in 4Q18.”

New clubs added approximately $2.5m from the November 2018 Pittsburgh and Chicago acquisitions and the acquisition of a smaller club in Kappa in May 2018.

RCI subsidiaries own more than 40 Gentlemen’s clubs, sports bars and restaurants across the US including New York City, Miami, Charlotte, Houston, Minneapolis and St. Louis.

Brands include Rick’s Cabaret, XTC, Club Onyx, Vivid Cabaret, Jaguars, Tootsie’s Cabaret, and Scarlett’s Cabaret.