Rick's Cabaret (RICK) Sames Stores Down 4.8%

May 6, 2009 9:20 AM EDT
Rick's Cabaret International (Nasdaq: RICK) said its sales in April climbed to a record $7.37 million, a 44.6 percent gain over April 2008 revenues.

Same store sales were down 4.8% from April 2008, to $4.67 million, but the results were an improvement over the 7.6% drop during the most recent quarter ended March 31st.

The strong sales results were also fueled by Rick's Cabaret New York City, which continued its record-setting gains; Tootsie's Cabaret in Miami, which was ahead of its 2008 numbers; and by strong performances from two newly re-branded locations, Club Onyx in Philadelphia and XTC Cabaret in Dallas.

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