March 12, 2007 07:35am
Rick’s Cabaret Up 12%
Source: Rick’s Cabaret International, Inc.
by: Company Press Release
(HOUSTON, TX) -- Rick’s Cabaret International, Inc. (Nasdaq: Rick), today reported revenues of $2,273,347 at its 13 nightclubs in February, an increase of about 12 percent from the $2,027,172 reported in February 2006.
The company said severe winter weather caused five of its nightclubs in Austin and San Antonio to close or curtail operations for about five days during February.
Same store sales were $1,954,177, a 3.6 percent decline from the $2,027,172 registered last year, when the company benefited from about $300,000 in sales at its Houston Club Onyx location during the Nba All-Star Game.
The Rick’s Cabaret-NYC recorded revenues about 32 percent higher than February 2006. The new Club Onyx in Charlotte reported sales that were about 50 percent higher than last year, when the location was operating as a Rick’s Cabaret.
About Rick’s Cabaret
Rick’s Cabaret International, Inc. (Nasdaq: Rick) operates upscale adult nightclubs serving primarily businessmen and professionals that offer live adult entertainment, restaurant and bar operations. The company owns and operates or licenses adult nightclubs in New York City, New Orleans, Charlotte, Houston, Minneapolis and other cities under the names "Rick's Cabaret," "Xtc" and "Club Onyx." No sexual contact is permitted at any of these locations. Rick’s Cabaret also owns the adult Internet membership Web site, couplestouch.com, and a network of online adult auction sites under the flagship URL naughtybids.com. Rick’s Cabaret common stock is traded on Nasdaq under the symbol Rick. For further information contact firstname.lastname@example.org.