Rick’s Cabaret (RICK) Reports Strong March and Q2 Sales

April 8, 2008 8:28 AM EDT
Rick’s Cabaret International, Inc. (NASDAQ: RICK) reported sales at its chain of adult nightclubs were $5,366,967, a new monthly record for the company and a 95.1% increase over March 2007 sales.

March same club sales compared with clubs open in 2007 increased by 4.39%, to $2,871,105. Same club sales for the second quarter ending March 31 total $7,995,760, up 8.3% over the first quarter of 2007.

The company reports total nightclub sales in its second quarter of $15,286,097, a 107% increase over the first quarter 2007. (Q2 revenue consensus is $14.82 million)

Rick's Cabaret International, Inc. owns and/or operates a total of 15 adult nightclubs that offer live adult entertainment, restaurant and bar operations.[SM]

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