RCI Reports 1Q25 Club & Restaurant Sales
RCI Hospitality Holdings (Nasdaq: RICK) has released its fiscal first quarter club and restaurant sales report for the period ended December 31, 2024. The company's Nightclubs segment showed positive performance with total sales of $61.3 million, up 1.2% year-over-year, and same-store sales growth of 3.7%, marking the third consecutive quarter of year-over-year growth.
However, the Bombshells segment experienced a significant decline, with total sales of $9.6 million, down 24.7% year-over-year, and same-store sales declining by 7.5%. This decrease was primarily attributed to the divestiture and closing of five locations during 4Q24 and 1Q25. Combined sales across both segments totaled $70.9 million, representing a 3.3% decrease year-over-year, though same-store sales showed a 2.3% increase.
RCI Hospitality Holdings (Nasdaq: RICK) ha pubblicato il rapporto sulle vendite dei club e ristoranti per il primo trimestre fiscale, relativo al periodo conclusosi il 31 dicembre 2024. Il segmento Nightclubs ha mostrato una performance positiva con vendite totali di 61,3 milioni di dollari, in aumento dell'1,2% rispetto all'anno precedente, e una crescita delle vendite nelle stesse sedi del 3,7%, segnando il terzo trimestre consecutivo di crescita anno su anno.
Tuttavia, il segmento Bombshells ha subito un calo significativo, con vendite totali di 9,6 milioni di dollari, in diminuzione del 24,7% rispetto all'anno precedente, e vendite nelle stesse sedi in calo del 7,5%. Questa diminuzione è stata principalmente attribuita alla dismissione e chiusura di cinque sedi durante il quarto trimestre del 2024 e il primo trimestre del 2025. Le vendite combinate tra i due segmenti hanno totalizzato 70,9 milioni di dollari, registrando una diminuzione del 3,3% rispetto all'anno precedente, sebbene le vendite nelle stesse sedi abbiano mostrato un aumento del 2,3%.
RCI Hospitality Holdings (Nasdaq: RICK) ha publicado su informe de ventas de clubes y restaurantes para el primer trimestre fiscal, correspondiente al periodo que finalizó el 31 de diciembre de 2024. El segmento de Nightclubs mostró un desempeño positivo con ventas totales de 61,3 millones de dólares, un aumento del 1,2% interanual, y un crecimiento de las ventas en las mismas tiendas del 3,7%, marcando el tercer trimestre consecutivo de crecimiento interanual.
Sin embargo, el segmento de Bombshells experimentó un declive significativo, con ventas totales de 9,6 millones de dólares, una disminución del 24,7% interanual, y una caída de las ventas en las mismas tiendas del 7,5%. Esta reducción se atribuyó principalmente a la desinversión y cierre de cinco ubicaciones durante el cuarto trimestre de 2024 y el primer trimestre de 2025. Las ventas combinadas de ambos segmentos totalizaron 70,9 millones de dólares, lo que representa una disminución del 3,3% interanual, aunque las ventas en las mismas tiendas mostraron un aumento del 2,3%.
RCI Hospitality Holdings (Nasdaq: RICK)는 2024년 12월 31일 종료된 기간에 대한 첫 번째 회계 분기 클럽 및 레스토랑 판매 보고서를 공개했습니다. 나이트클럽 부문은 총 6130만 달러의 판매를 기록하며 지난해 대비 1.2% 증가했으며, 동일 점포 판매는 3.7% 증가하여 3분기 연속으로 지난해 대비 성장을 기록했습니다.
그러나 Bombshells 부문은 총 960만 달러의 판매로 지난해 대비 24.7% 감소하였고, 동일 점포 판매도 7.5% 감소했습니다. 이 감소는 주로 2024년 4분기와 2025년 1분기 동안 5개 매장의 매각 및 폐쇄로 인한 것이었습니다. 두 부문의 총 판매는 7090만 달러로 지난해 대비 3.3% 감소하였으나, 동일 점포 판매는 2.3% 증가했습니다.
RCI Hospitality Holdings (Nasdaq: RICK) a publié son rapport de ventes des clubs et restaurants pour le premier trimestre fiscal, concernant la période se terminant le 31 décembre 2024. Le segment Nightclubs a affiché des performances positives avec des ventes totales de 61,3 millions de dollars, en hausse de 1,2% par rapport à l'année précédente, et une croissance des ventes dans les mêmes magasins de 3,7%, marquant le troisième trimestre consécutif de croissance par rapport à l'année précédente.
Cependant, le segment Bombshells a connu un déclin significatif, avec des ventes totales de 9,6 millions de dollars, en baisse de 24,7% par rapport à l'année précédente, et des ventes dans les mêmes magasins en baisse de 7,5%. Cette diminution a été principalement attribuée à la cession et à la fermeture de cinq établissements au cours du quatrième trimestre de 2024 et du premier trimestre de 2025. Les ventes combinées des deux segments ont totalisé 70,9 millions de dollars, ce qui représente une diminution de 3,3% par rapport à l'année précédente, bien que les ventes dans les mêmes magasins aient montré une augmentation de 2,3%.
RCI Hospitality Holdings (Nasdaq: RICK) hat seinen Verkaufsbericht für Clubs und Restaurants für das erste Geschäftsquartal für den Zeitraum bis zum 31. Dezember 2024 veröffentlicht. Der Nightclubs-Sektor zeigte eine positive Entwicklung mit Gesamtverkäufen von 61,3 Millionen Dollar, was einem Anstieg von 1,2% im Jahresvergleich entspricht, und einem Wachstum der Same-Store-Verkäufe von 3,7%, was das dritte aufeinanderfolgende Quartal mit einem Anstieg im Jahresvergleich markiert.
Der Bombshells-Sektor hingegen erlebte einen signifikanten Rückgang mit Gesamtverkäufen von 9,6 Millionen Dollar, was einem Rückgang von 24,7% im Jahresvergleich entspricht, und einem Rückgang der Same-Store-Verkäufe um 7,5%. Dieser Rückgang wurde hauptsächlich auf die Veräußerung und Schließung von fünf Standorten im vierten Quartal 2024 und im ersten Quartal 2025 zurückgeführt. Die Gesamtverkäufe beider Segmente betrugen 70,9 Millionen Dollar, was einem Rückgang von 3,3% im Jahresvergleich entspricht, während die Same-Store-Verkäufe einen Anstieg von 2,3% verzeichneten.
- Nightclubs same-store sales increased 3.7% YoY, marking third consecutive quarter of growth
- Nightclubs total sales grew 1.2% to $61.3 million
- Combined same-store sales increased 2.3% YoY
- Combined total sales declined 3.3% to $70.9 million
- Bombshells total sales dropped 24.7% to $9.6 million
- Bombshells same-store sales decreased 7.5%
- Loss of one club due to fire in July 2024
- Closure of five Bombshells locations during 4Q24 and 1Q25
Insights
The core Nightclubs segment, representing 86% of total sales at
The Bombshells segment's
Combined sales of
The quarterly performance reveals important market dynamics in the adult entertainment and restaurant sectors. The Nightclubs segment's sustained growth trajectory suggests resilient consumer spending in premium adult entertainment, despite broader economic pressures. This contrasts with the casual dining sector's challenges, as evidenced by Bombshells' performance.
The strategic decision to close underperforming Bombshells locations aligns with industry-wide trends of restaurant operators optimizing their footprints in response to rising operational costs and shifting consumer preferences. The
The company's expansion in Texas through three new and reformatted clubs indicates management's confidence in market opportunities despite macroeconomic uncertainties. This geographic focus suggests potential market share gains in key growth regions while maintaining operational efficiency through concentrated expansion.
Eric Langan, President & CEO of RCI, commented: "We're pleased to report that Nightclubs same-store sales increased year-over-year for the third quarter in a row. The decline in total Bombshells sales primarily reflected the previously announced divestiture and closing of underperforming locations."
Club & Restaurant Sales ($ in Millions)
1Q25 | Total Sales | Total Sales vs. 1Q24 | Same-Store Sales vs. 1Q24 |
Nightclubs | +1.2 % | +3.7 % | |
Bombshells | -24.7 % | -7.5 % | |
Combined | -3.3 % | +2.3 % |
Nightclubs: Total sales primarily reflected the increase in SSS, three new and reformatted clubs in
Bombshells: Total sales primarily reflected the divestiture and closing of five locations during 4Q24 and 1Q25, the decline in SSS, and a full quarter of the
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.
Forward-Looking Statements
This press release may contain forward-looking statements that involve a number of risks and uncertainties that could cause the company's actual results to differ materially from those indicated, including, but not limited to, the risks and uncertainties associated with (i) operating and managing an adult entertainment or restaurant business, (ii) the business climates in cities where it operates, (iii) the success or lack thereof in launching and building the company's businesses, (iv) cyber security, (v) conditions relevant to real estate transactions, (vi) the impact of the COVID-19 pandemic, and (vii) numerous other factors such as laws governing the operation of adult entertainment or restaurant businesses, competition and dependence on key personnel. For more detailed discussion of such factors and certain risks and uncertainties, see RCI's annual report on Form 10-K for the year ended September 30, 2024, as well as its other filings with the
Media & Investor Contacts
Gary Fishman and Steven Anreder at 212-532-3232 or gary.fishman@anreder.com and steven.anreder@anreder.com
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SOURCE RCI Hospitality Holdings, Inc.
FAQ
What were RCI Hospitality's (RICK) total sales for Q1 2025?
How did RICK's Nightclubs segment perform in Q1 2025?
What caused the decline in RICK's Bombshells segment sales in Q1 2025?
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