Rick’s Cabaret International, Inc. September Night Club Sales Up 11.5 Percent, to $6.6 Million
Comparable sales at same clubs open more than one year were $5.78 million, just under one percent lower than the $5.83 million reported in 2009. If Rick’s Cabaret Las Vegas were removed from the calculation, same store sales for the month would have increased 5.9 percent.
Rick’s Cabaret International, Inc. (NASDAQ:RICK) reported total revenues at its adult nightclubs in September of $6.57 million, an 11.5 percent increase over the $5.88 million sales in September 2009.
Comparable sales at same clubs open more than one year were $5.78 million, just under one percent lower than the $5.83 million reported in 2009. If Rick’s Cabaret Las Vegas were removed from the calculation, same store sales for the month would have increased 5.9 percent.
“On the whole we were pleased with the September nightclub revenues and note that sales are increasing in most of our markets nationwide”
“On the whole we were pleased with the September nightclub revenues and note that sales are increasing in most of our markets nationwide,” said Eric Langan, President and CEO of Rick’s Cabaret.
The September club sales report will be the company’s last monthly nightclub sales report. Rick’s Cabaret will begin issuing quarterly sales reports beginning in January 2011. Rick’s Cabaret will report its full fourth quarter results in December, when it issues its 2010 Form 10-K.
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