Ricks Cabaret International Inc (NASDAQ: RICK) Steady In 2nd Quarter

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This years 2nd Quarter has been an interesting one for Ricks Cabaret International, Inc. (NASDAQ: RICK), with revenue standing at 6.36 million in the month of June the strip club giant steadily moves forward.

With drops in select clubs such as Ricks Cabaret-Las Vegas, Onyx locations in Philadelphia and Charlotte, CEO and President Eric Langan said “Generally our revenues are holding up, although we are working on improving sales at several clubs that have been impacted by market-specific economic weakness”. With a slight decline that affects all industries Ricks Cabaret International, Inc. finds a way to post an increase of 4.2 percent in the month June.

With the weak market even the most recession proof industries take a hit but the gentlemen’s club industry seems to hold up a bit better then most.

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