RICK · RCI Hospitality Holdings, Inc.

RCI Hospitality Holdings disclosed its fiscal second quarter 2026 sales results, revealing a mixed operational performance characterized by total growth offset by same-store declines. Total sales for the quarter ended March 31, 2026, rose 4.3% to $68.2 million. This top-line expansion was primarily driven by the Nightclubs segment, where total sales increased 4.7% to $59.8 million. The growth in Nightclubs was attributable to acquisitions and new openings, which contributed $4.8 million in revenue from five locations, including Flight Club, Platinum West, Platinum Plus, Rick's Cabaret and Steakhouse, and the reformatted XTC 2.0. These additions effectively compensated for the divestiture of underperforming assets. However, same-store sales for Nightclubs dipped 0.7%, partially attributed to temporary closures caused by freezing weather in late January and early February.

The Bombshells segment presented a more challenging picture. While total sales grew 1.6% to $8.4 million due to new locations in Denver and Lubbock, same-store sales declined significantly by 11.1%. Management addressed this underperformance by highlighting a strategic pivot back to the brand's roots as a sports bar with a focus on higher-margin alcohol sales. The company reported a successful pilot at Bombshells 59 in Houston, which achieved a 3.6% sales increase, making it the best-performing same-store location. Management stated that based on this success, the concept is being rolled out to other Bombshells locations. The six-month period results showed a similar trend, with combined total sales up 1.6% to $138.4 million, while same-store sales declined 5.0%. No specific financial guidance was provided in the release.