Rick's Cabaret Q2 Sales Up 17.9 Percent

HOUSTON, TX — Rick’s Cabaret International, Inc. (NASDAQ:RICK), said its nightclub sales rose to $25 million in the quarter ended March 31, 2012; a 17.9 percent increase over the $21.2 million registered 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.   “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,” said Eric Langan, president and CEO.  “The quarterly sales increase is also notable because sales during Super Bowl week were $600,000 less this year than in 2011, when we benefited from having multiple clubs in the Dallas-Ft. Worth market, where the game was held last year, compared with just one club in Indianapolis, where the game was played this year.”