RCI Hospitality reports Q3 club & restaurant sales up 8.9% y-o-y

Sales do not include non-core operations and are preliminary. 3Q23 financial results are expected on or around August 9. CEO Eric Langan said: “Q3 sales reflected the benefit of acquisitions, partially offset by macroeconomic uncertainty, which negatively affected same-store sales. Projects coming online should contribute new sales in 4Q23 and FY24.”