RCI reports 1Q23 club & restaurant sales $69.2M, up 13.3% YoY; same-store sales decline 2.7%

RCI HOSPITALITY HOLDINGS, INC.

2023-Q1 EPS reported $1.11 revenue$69,968,000

Nightclubs sales $55.9M (+20.7% YoY); same-store up 1.2%. Bombshells $13.3M (-9.7%); same-store down 13.9%.
1Q23 includes $15.3M from 15 clubs acquired in FY22; five more clubs acquired in 2Q23.
RCI bought back 1,500 shares for ~$97.5k at avg $65.02 in 1Q23.
Full 1Q23 financial results expected by Feb 9, 2023.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

RCI HOSPITALITY HOLDINGS, INC. reported the fiscal first quarter ended December 31, 2022 results: revenue $69.2 million.

Period: the fiscal first quarter ended December 31, 2022
Revenue: $69.2 million
Result: preliminary results

Exact text from the filing

RCI Hospitality Holdings, Inc. (Nasdaq: RICK) reported sales for its Nightclubs and Bombshells restaurants of $69.2 million for the fiscal first quarter ended December 31, 2022, a 13.3% year-over-year increase. Sales do not include non-core operations and are preliminary and subject to final closing.

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Source: SEC EDGAR

accession 0001628280-23-000857

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