Benzinga | Sep 4, 2020 09:01AM EDT

RCI Reports August Revenues For Clubs And Restaurants $9.4M, Up 23% From Jul.

HOUSTON, Sept. 4, 2020 /PRNewswire/ -- RCI Hospitality Holdings, Inc. (NASDAQ:RICK) today announced that business continued to improve in August.



* August revenues for clubs and restaurants totaled $9.4 million, up 23% compared to $7.6 million in July.

* Revenues are running at an average of $2.2 million per week, up 22% from $1.8 million at the end of July.

* 34 locations open today, up from 31 on August 10th as government Covid-19 restrictions have relaxed in some markets.

* Most locations continue to reopen to strong sales and a steadier flow of business versus prior to the pandemic.

* All 10 Bombshells are open as of September 1st -- two were closed parts of July and August.

* Two mid-sized clubs -- Phoenix and Pittsburgh -- reopened last week.

* Two larger clubs preparing to reopen.