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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% |
Posted In: RICK
