RCI Hospitality Q2 Nightclubs Sales Increased 4.2% YoY, Bombshells Sales Declined 10.4%
Portfolio Pulse from Benzinga Newsdesk
RCI Hospitality reported a 4.2% year-over-year increase in Q2 sales for its nightclubs, while its Bombshells restaurant segment experienced a 10.4% decline in sales.
April 09, 2024 | 8:14 pm
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RCI Hospitality's mixed Q2 earnings report showed growth in nightclub sales but a decline in Bombshells restaurant sales.
The mixed results from RCI Hospitality's Q2 earnings, with nightclub sales increasing but Bombshells sales declining, could lead to uncertain short-term stock movement. The growth in one segment may offset concerns about the decline in another, leading to a neutral outlook.
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