RCI reports 1Q24 sales $73.3M (+5.9% YoY); same-store sales fell 9.8%

RCI HOSPITALITY HOLDINGS, INC.

2024-Q1 EPS reported $0.77 revenue$73,907,000

Nightclubs sales $60.6M (+8.4% YoY); same-store sales down 7.2%.
Bombshells sales $12.7M (-4.6% YoY); same-store sales down 20.3%.
CEO notes sequential SSS improvement through quarter; more optimistic outlook.
Company exploring strategic alternatives for Bombshells to maximize value.
Full 1Q24 financial results expected before February 9, 2024.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

RCI HOSPITALITY HOLDINGS, INC. reported first fiscal quarter ended December 31, 2023 results: revenue $73.3 million.

Period: first fiscal quarter ended December 31, 2023
Revenue: $73.3 million
Result: preliminary results

Exact text from the filing

RCI Hospitality Holdings, Inc. (Nasdaq: RICK) reported sales for its Nightclubs and Bombshells restaurants of $73.3 million, an increase of 5.9% year over year, for the fiscal first quarter ended December 31, 2023. Sales do not include non-core operations and are preliminary and subject to final closing.

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Source: SEC EDGAR

accession 0001628280-24-000918

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