RICK's Q4 Update: Buyback and Expansion Signal Hope Amid Soft Comps
RCI Hospitality (RICK) ZACKS·2024-10-09 19:47
RCI Hospitality Holdings, Inc. (RICK) has provided an update on its business for the fourth quarter of fiscal 2024. Q4 Preliminary Revenue Results During the fiscal fourth quarter, the company reported total sales of $72.1 million, down 2.6% year over year. During the quarter, the company's same-store sales dropped 1.1% year over year due to external challenges like Hurricane Beryl, which caused temporary closures at key locations. During the quarter, sales from Nightclubs came in at $60.2 million, down 0.5 ...