Rick's Cabaret Reports 20 Percent Sales Gain

NEW YORK — Gentlemen's club operator Rick's Cabaret International Inc., has announced that July revenues at its clubs were $6.5 million, a 20 percent increase over July 2008 revenues of $5.4 million. Same-club sales for locations open more than a year increased 5.26 percent over the previous July.

"The revenue report for July indicates that our key clubs are doing very well in this difficult economic period," said Eric Langan, president and CEO of Rick's Cabaret. "We had positive growth in key markets such as New York, Miami, Minneapolis and San Antonio. While we still face challenges in several markets we are addressing them aggressively."

The company's flagship Rick's Cabaret/New York City in Manhattan and Tootsie's Cabaret in Miami reported very strong July revenues with increases of more than seven percent each over the previous July. Reported sales at the rebranded Club Onyx in Philadelphia were 65 percent above the previous July, when the location was operated as a Rick's Cabaret.

Last week, Rick's reported that it had raised $7.2 million through convertible debentures to make new acquisitions.

Rick's Cabaret is traded on Nasdaq and operates adult nightclubs in New York, Miami, Philadelphia, New Orleans, Charlotte, Dallas, Houston, Minneapolis and other cities operate under the names Rick's Cabaret, XTC, Club Onyx and Tootsie's Cabaret. Rick's Cabaret also operates a media division, ED Publications.

Related:  

Copyright © 2025 Adnet Media. All Rights Reserved. XBIZ is a trademark of Adnet Media.
Reproduction in whole or in part in any form or medium without express written permission is prohibited.

More News

Electric Novelties Expands 'Gläs' Collection

Electric Novelties has introduced a variety of new items from its Gläs collection.

FSC Toasts Jeffrey Douglas for 30 Years of Service

n the very same evening when the adult industry was hit hard by the Supreme Court ruling supporting Texas’ controversial age verification law, HB 1181, members of the Free Speech Coalition board, staff and supporters gathered to celebrate Jeffrey Douglas’ 30 years as board chair — a fitting reflection of his reputation as an eternal optimist.

Le Wand's 'Petite' Highlighted in NY Magazine Article

Le Wand’s Petite massage wand has been recognized in NY Magazine's The Strategist round-up of top-rated massagers.

Orion Debuts 'Gyro' Stroker From You2Toys Line

Orion Wholesale has introduced the You2Toys Gyro stroker.

Share Satisfaction Debuts 'Evolve Penis Pump' Collection

Wellness brand Share Satisfaction has introduced its new Evolve Penis Pump line.

ULoversDoll Debuts 'Isabella' Love Doll

ULoversDoll has added Isabella to its Top-Cydoll collection.

Motorbunny Launches Direct Wholesale Program

Motorbunny has launched a direct wholesale program for brick-and-mortar retailers and ecommerce sites.

Biird Introduces 'Together' Intimacy Card Game

Biird has debuted its new card game, Together, designed to promote intimacy in couples.

BeYourLover Debuts 'Wavey' Vibrating Wand

Pleasure brand BeYourLover has introduced its new Wavey four-in-one rotation and suction vibrating wand.

Williams Trading, ANME Founders Partner for Livestream Event

Williams Trading has partnered with CalExotics and Doc Johnson to host a virtual trade show July 14-15 during ANME.

Show More