RCI Hospitality Holdings, Inc. reported its club and restaurant sales for the fiscal fourth quarter and year ended September 30, 2024. The company announced a 2.6% fall in Q4 sales for its Nightclubs and Bombshells restaurants combined.
These sales figures do not include non-core operations and are subject to final closing, with full financial results for 4Q24 and fiscal 2024 expected by December 16, 2024. The decline in sales indicates a challenging operational environment for the company's core segments.
Alongside the sales report, RCI also disclosed its share buyback activity for the fourth quarter and the full fiscal year 2024. Share buybacks are a method of returning capital to shareholders and can reduce the outstanding share count.
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