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Rick's Cabaret Reports December 2005 Nightclub Sales Up 77.5% Over Previous Year; Same Store Sales Grow 25.1%
(January 10, 2006)
- Rick's Cabaret International, Inc.
said today its
consolidated adult nightclub sales for December 2005 increased by 77.5 percent
over the same month in the previous year.
Same-club-same-period nightclub revenue rose by 25.1 percent
over the same month in 2004.
Total nightclub revenue for the month of December 2005 was $1,889,344, compared with $1,064,682 in December 2004. Same club sales in December 2005 were $1,331,392 compared with $1,064,682. The figures do not include revenues from the company’s Internet activities.
Total nightclub sales for the first quarter of the fiscal year ending December 31, 2005 were $5,514,243 compared with $3,143,147, representing a 75.4 percent increase over the previous year. Same club revenues were up 23.7 percent, to $3,888,743 from $3,143,147 in the previous year.
“Our New York City club continues its steady progress since opening in September and our other clubs also performed well in December, particularly Rick’s Cabaret-Minneapolis and Club Onyx in Houston,” said
, CEO of Rick’s Cabaret, which owns and operates 10 venues nationwide. “Same store sales are benefiting from increased brand name awareness and repeat business by customers who are delighted with the Rick’s experience.”
The sales results do not include the former Rick’s Cabaret-South Houston location, which was sold in March 2005.
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, operates or licenses adult nightclubs in New York City, New Orleans, Houston, Minneapolis and other cities under the names "Rick's Cabaret," "XTC," “Club Onyx” and “Hummers.” No sexual contact is permitted at any of these locations. Rick’s Cabaret also owns the adult Internet membership Web site,
, and a network of nine online auction sites for adult products under the flagship URL
. Rick’s Cabaret common stock is traded on the NASDAQ SmallCap market under the symbol RICK. For further information contact
This document contains forward-looking statements that involve a number of risks and uncertainties that could cause the company’s actual results to differ materially from those indicated in this document, including the risks and uncertainties associated with operating and managing an adult business, the business climates in New York City and elsewhere, the success or lack thereof in launching and building the company’s businesses in New York City and elsewhere, risks and uncertainties related to the operational and financial results of our Web sites, conditions relevant to real estate transactions, and numerous other factors such as laws governing the operation of adult entertainment businesses, competition and dependence on key personnel. Rick's has no obligation to update or revise the forward-looking statements to reflect the occurrence of future events or circumstances. For further information go to
Contact for further information: Allan Priaulx, 212-338-0050,