Ciara Linnane is MarketWatch's investing- and corporate-news editor. She is based in New York.
RCI Hospitality Holdings Inc.’s stock RICK, -5.14% fell another 5% on Thursday to bring its week-to-date losses to 9%, after the operator of adult nightclubs, or strip clubs, offered an update on its business that lagged analyst estimates. The Houston-based company, which also operates Bombshells restaurants, said this week that sales came to $74.1 million in its fiscal fourth quarter, up 5.6% from the year-earlier period, but below the $76.6 million FactSet consensus.
“The 4Q23 sales increase primarily reflected the benefit of acquisitions,” Chief Executive Eric Langan said in a statement. “This was partially offset by the continued effect of vacation travel and the Texas heat in July-August. But the situation began to improve in September.” Same-store sales fell 10.5% and were down 9.6% at nightclubs and down 14.1% at its restaurants. The company is expecting to release fourth-quarter earnings on or around Dec. 14.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
City of Escondido maintenance and clerical staff demonstrate due to expired labor contractCiara Encinas joined the ABC 10News team in December 2021 as a multimedia journalist.
Consulte Mais informação »
Upcoming : A Special Evening with Sof Hospitality and Old Fashioned Week ReturnsMark your calendars, because you don’t want to miss these deliciously fun culinary happenings: Southern Smoke Foundation and Elijah Craig are teaming up for Old Fashioned Week in a nationwide effort to raise funds for those in the food and beverage industry who are in crisis by bringing old fashioned...
Consulte Mais informação »
Gaza Strip: devastated by conflict and Israel's economic blockadeIsrael has imposed a total blockade on the Gaza Strip after the Islamist militant group Hamas sent its fighters across the border early Saturday, where they killed more than 1,300 Israeli civilians and soldiers.
Consulte Mais informação »
Khan Younis, Gaza Strip, struck by intense Israeli bombardmentThis is additional taxonomy that helps us with analytics
Consulte Mais informação »
Palestinians scramble for cover as Israel pounds Gaza StripU.S. President Joe Biden said Tuesday at least 14 U.S. citizens were killed in Hamas’ attack and that Americans are among those being held hostage in Gaza. Biden, who spoke earlier in the day…
Consulte Mais informação »