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Stock impact report

RICK's Q4 Update: Buyback and Expansion Signal Hope Amid Soft Comps [Yahoo! Finance]

RCI Hospitality Holdings, Inc. (RICK) 
Last rci hospitality holdings, inc. earnings: 2/27 04:10 pm Check Earnings Report
US:NASDAQ Investor Relations: rcihospitality.com/investor/default.aspx
Company Research Source: Yahoo! Finance
Q4 Preliminary Revenue Results During the fiscal fourth quarter, the company reported total sales of $72.1 million, down 2.6% year over year. During the quarter, the company's same-store sales dropped 1.1% year over year due to external challenges like Hurricane Beryl, which caused temporary closures at key locations. During the quarter, sales from Nightclubs came in at $60.2 million, down 0.5% year over year. The downside can be attributed to the disruption caused by Hurricane Beryl, which led to 10 closure days at three of RICK's clubs in Houston. In addition, temporary closures, such as the fire at Baby Dolls Fort Worth, impacted overall performance. However, this was partially mitigated by contributions from three new or reformatted clubs (in Harlingen, Lubbock and Tye, TX) and 2.2% same-store sales growth. Sales from Bombshells restaurants in the fiscal fourth quarter came in at $11.9 million, down 12.2% from the year-ago quarter's levels. The downside was due to a fall in Show less Read more
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