RCI Hospitality Reports 61% Sales Growth In Q1 For Nightclubs, Bombshells Restaurants

  • RCI Hospitality Holdings Inc RICK reported sales of $61.1 million for its Nightclubs and Bombshells restaurants for the first quarter of fiscal 2022, a 61.6% increase year-on-year.
  • “We didn't experience any noticeable impact from Omicron until late 1Q22 and hope it will cycle through our markets quickly,” said CEO Eric Langan.
  • The company reported a 21.8% increase in same-store sales for the quarter.
  • Price Action: RICK shares are trading lower by 2.48% at $88.79 on the last check Monday.
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