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HOUSTON, April 08, 2025--(BUSINESS WIRE)--RCI Hospitality Holdings, Inc. (Nasdaq: RICK) reported club and restaurant sales for the fiscal second quarter ended March 31, 2025. Sales do not include non-core operations and are subject to final closing. Full 2Q25 financial results are expected to be reported by May 12, 2025.
Eric Langan, President & CEO of RCI, commented: "Due to bad weather in January and February, 18 clubs and Bombshells had to close 1 or 2 days each. Even if they were able to open, a number of those and other locations experienced slower business, particularly on weekends when temperatures were below zero or had heavy snow and ice, for example, in Dallas and Houston. Then sales began to improve in March with warmer temperatures."
"The quarter also included the acquisition of Flight Club in Detroit and the opening of Bombshells Denver, both in late January, and the opening of Chicas Locas El Paso in March. Year over year, most of the second quarter’s sales decline was due to the previously announced divestiture and closure of underperforming Bombshells locations."
Club & Restaurant Sales ($ in Millions)
| 2Q25 | Total Sales | Total Sales vs. 2Q24 | Same-Store Sales vs. 2Q24 |
| Nightclubs | $57.1 | -3.1% | -3.5% |
| Bombshells | $8.2 | -35.6% | -13.4% |
| Combined | $65.4 | -8.9% | -4.7% |
Nightclubs: Total sales reflected the decrease in SSS and the absence of a club due to fire in July 2024, partially offset by five new and reformatted clubs not in SSS (three for the whole quarter, Flight Club starting in late January, and Chicas Locas El Paso starting in early March).
Bombshells: Total sales primarily reflected the divestiture and closing of five locations in 4Q24 and 1Q25 and the decline in SSS, partially offset by two locations not in SSS (Stafford, TX, and Denver, CO).
| 6M25 | Total Sales | Total Sales vs. 6M24 | Same-Store Sales vs. 6M24 |
| Nightclubs | $118.4 | -0.9% | 0.0% |
| Bombshells | $17.8 | -30.1% | -10.4% |
| Combined | $136.2 | -6.1% | -1.2% |
Notes: Revenues from non-core operations, such as third-party rents, and revenues from RCI’s Other segment, are not included in the sales above. All references to "RCI Hospitality Holdings, Inc.," "company," "we," "our," and similar terms refer to RCI and/or its subsidiaries, unless the context indicates otherwise.
About RCI Hospitality Holdings, Inc. (Nasdaq: RICK) (X: @RCIHHinc)
With more than 60 locations, RCI Hospitality Holdings, Inc., through its subsidiaries, is the country’s leading company in adult nightclubs and sports bars-restaurants. See all of our brands at www.rcihospitality.com.