Rick's Cabaret (RICK) Q4 Comps Down 4.2%
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Price: $27.45 --0%
Financial Fact:
Depreciation and amortization: 1.83M
Today's EPS Names:
SUNE, NSLR, OCTV, More
Financial Fact:
Depreciation and amortization: 1.83M
Today's EPS Names:
SUNE, NSLR, OCTV, More
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Rick's Cabaret International, Inc., (Nasdaq: RICK) said sales at its nightclubs and restaurants in the fourth quarter ended September 30th were $27.2 million, a 19.5% gain over the previous year. The sales figures do not include the company's internet or media divisions.
The Street was looking for Q4 revs of $28.6 million, which may not compare with preliminary numbers.
The increased sales were driven primarily by contributions from the Jaguars adult clubs acquired in September 2012, the new Bombshells restaurant and sports bar and Ricky Bobby Sports Saloon in the Dallas/Ft. Worth market, as well as gains at the two Minneapolis adult clubs, XTC Cabaret clubs in Dallas and Austin, Rick's Cabaret in New York City and Club Onyx in Dallas.
Sales at nightclubs open for more than one year declined for the quarter by 4.2%, to $21.3 million from $22.3 million.
"We are very pleased with the contributions from our newly acquired adult clubs and our restaurant/sports bar division," said Eric Langan, president and CEO of Rick's Cabaret. "Although same store sales were down somewhat overall, we are seeing the return of big ticket customers who tend to contribute to higher margins."
The company expects to announce its full fiscal year results on December 16.
The Street was looking for Q4 revs of $28.6 million, which may not compare with preliminary numbers.
The increased sales were driven primarily by contributions from the Jaguars adult clubs acquired in September 2012, the new Bombshells restaurant and sports bar and Ricky Bobby Sports Saloon in the Dallas/Ft. Worth market, as well as gains at the two Minneapolis adult clubs, XTC Cabaret clubs in Dallas and Austin, Rick's Cabaret in New York City and Club Onyx in Dallas.
Sales at nightclubs open for more than one year declined for the quarter by 4.2%, to $21.3 million from $22.3 million.
"We are very pleased with the contributions from our newly acquired adult clubs and our restaurant/sports bar division," said Eric Langan, president and CEO of Rick's Cabaret. "Although same store sales were down somewhat overall, we are seeing the return of big ticket customers who tend to contribute to higher margins."
The company expects to announce its full fiscal year results on December 16.
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