WASHINGTON (dpa-AFX) - Rick's Cabaret International, Inc. (RICK), a chain of adult gentlemen's clubs, Tuesday said its nightclub sales rose to $25 million in the quarter ended March 31, 2012, up 17.9 percent from $21.2 million generated in the same period in 2011.
Sales at clubs open more than one year rose 7.8 percent during the quarter to $22.6 million.
According to the company, the quarterly sales increase is notable as sales during Super Bowl week were $600,000 less this year than in 2011. Last year, the company benefited from having multiple clubs in the Dallas-Ft. Worth market where the game was held, compared with just one club in Indianapolis, where the game was played this year.
Eric Langan, President and CEO of the company, said, 'We are pleased with these sales figures, which showed all of our club brands improving during this quarter and our newly acquired clubs in Minneapolis, Indianapolis, Fort Worth and Dallas contributing significantly.'
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