RCI Hospitality reports Q3 club & restaurants sales up to $42.1M from $36.9M
RCI Hospitality Holdings announced total and same-store sales for its Nightclubs and Bombshells restaurant segments for the Q3. Highlights vs. Q3 of FY17 include: total club and restaurant sales of $42.1M compared to $36.9M; consolidated same-store sales of $36.6M compared to $34.8M; nightclubs segment sales of $34.9M compared to $32.3M; and bombshells restaurant segment sales of $7.1M compared to $4.6M. The company said: "Nightclubs increased 8.2% in total sales and 5.1% on a same-store basis, while Bombshells grew 54.5% in total sales and 4.1% on a same-store basis. Last year's two major acquisitions, Scarlett's Cabarets in St. Louis and Miami, which occurred during 3Q17, transitioned into same-store sales over the course of Q3. New units added $2.7M in sales. This reflected a full quarter of a Bombshells Restaurant & Bar on Highway 290 in Houston that opened in 4Q17, nearly a full quarter of another Bombshells in the Houston suburb of Pearland that opened in early April, and the late May acquisition of Kappa Kabanna, a small, well known gentlemen's club in Central Illinois."