RCI Hospitality Q3 Club and Restaurant Sales Rebounds from COVID-19 Pandemic

RCI Hospitality Holdings Inc RICK reported 22.6% growth in third-quarter FY21 total club and restaurant sales to $56.7 million compared to pre-pandemic levels of Q3 FY19.
Total club and restaurant same-store sales increased 17.2% to $53 million versus the 2019 period.
The company attributed the continued sequential quarterly improvement in total club and restaurant sales mainly to the elimination of all restrictive curfews and occupancy restrictions after increased vaccinations.
Nightclubs total sales amounted to $40.6 million, while Bombshells raked in a total sale of $16.1 million.
Price action: RICK shares are trading higher by 2.49% at $63.47 on the last check Thursday.