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RCI’s other key company segment is its sports bar restaurant chain known as Bombshells. This segment of RCI presently has 13 locations, all of which are in Texas except for their Denver, CO location, which is a meals hall. Bombshells has been struggling with slipping sales figures more than the past couple of years. Bombshell’s revenue is down -7.% YOY from $59.9 million in 2022 to $55.7 million in 2023. Bombshell’s $55.7 million in revenue for 2023 is presently sitting at 1.six% under their 2021 revenue of $56.six million, in spite of possessing three further places. In 2022, Bombshells made up 22.four% of RCI’s revenue, dropping to just 19% in 2023. RCI Hospitality Holdings, Inc. tends to make most of its revenues from operating an assortment of adult nightclubs. The nightclub segment made up about 80.6% of RCI’s total revenues in 2023.
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