4Q26 & FY26
Filed Oct 8, 2026RCI Reports 4Q26 & FY26 Club & Sports Bar Sales
Fourth-quarter combined club and sports bar sales increased 0.8%, but combined same-store sales declined 1.1%. Fiscal-year combined sales increased 2.0%, while fiscal-year combined same-store sales declined 2.8%; Bombshells growth offset a Nightclubs sales decline in the fourth quarter.
Key metrics
shortened, hover for the filing’s print| Metric | Value | q/q | y/y |
|---|---|---|---|
| 4Q26 Combined total club and sports bar salesother | $70.4 | – | +0.8% |
| 4Q26 Combined same-store salesother | -1.1% | – | -1.1% |
| FY26 Combined total club and sports bar salesother | $282.2M | – | +2.0% |
| FY26 Combined same-store salesother | -2.8% | – | -2.8% |
Segments
| Segment | Revenue | q/q | y/y |
|---|---|---|---|
| 4Q26 NightclubsSame-store sales declined 2.7%. Nightclubs had 56 locations contributing to sales versus 60, including $57.6 million from 55 clubs in same-store sales, $1.8 million from a newly reformatted club not included in same-store sales, and the absence of $1.0 million in sales from four clubs closed subsequent to the year-ago quarter. | $59.3 | – | -1.9% |
| 4Q26 BombshellsSame-store sales increased 12.1%. Bombshells had 12 locations contributing to sales versus 11, including $7.7 million from nine locations in same-store sales and $3.4 million from three new locations not in same-store sales: Denver, CO, Lubbock, TX, and Rowlett, TX. | $11.1 | – | +18.3% |
| FY26 NightclubsSame-store sales declined 2.5%. New locations contributed to growth. | $243.6M | – | +1.1% |
| FY26 BombshellsSame-store sales declined 4.8%. New locations contributed to growth, while the mid-year turnaround program produced 8.2% same-store growth in the second half compared to a decline of 16.7% in the first half. | $38.6 | – | +8.0% |
What drove it
- Bombshells fourth-quarter total sales increased 18.3% and same-store sales increased 12.1%.
- Bombshells new locations contributed $3.4 million in fourth-quarter sales from Denver, CO, opened January 2025; Lubbock, TX, opened July 2025; and Rowlett, TX, opened June 2026.
- Nightclubs fourth-quarter sales included $1.8 million from a newly reformatted club not included in same-store sales.
- The Company stated that new locations contributed to growth in both Nightclubs and Bombshells for FY26.
- Excluding the three most recently opened units, the full year total sales increase was 5.9%.
- The Company stated that Nightclubs operational adjustments made quickly mid-quarter helped improve sales sequentially in September.
Concerns
- 4Q26 combined same-store sales declined 1.1%.
- 4Q26 Nightclubs total sales declined 1.9% and same-store sales declined 2.7%.
- FY26 combined same-store sales declined 2.8%.
- FY26 Nightclubs same-store sales declined 2.5%, and FY26 Bombshells same-store sales declined 4.8%.
- Nightclubs had 56 locations contributing to fourth-quarter sales versus 60, including the absence of $1.0 million in sales from four clubs closed subsequent to the year-ago quarter.
- The Company cited challenging macroeconomic conditions.
What to watch
- Whether Bombshells can sustain the 12.1% fourth-quarter same-store sales increase following strategies and leadership implemented mid-FY26.
- Whether Nightclubs operational adjustments can reverse the 2.7% fourth-quarter same-store sales decline.
- The contribution from Bombshells locations in Denver, CO, Lubbock, TX, and Rowlett, TX.
- Whether the improvement in Bombshells same-store sales from a 16.7% first-half decline to 8.2% second-half growth continues.
Analysis
RCI reported fourth-quarter combined club and sports bar sales of $70.4, up 0.8% versus 4Q25. The modest top-line increase was entirely shaped by divergent segment trends: Bombshells sales rose 18.3% to $11.1, while Nightclubs sales declined 1.9% to $59.3. Combined same-store sales declined 1.1%, indicating that new locations and other non-comparable activity supported reported growth rather than a broad-based improvement in established-unit demand.
Bombshells was the clear fourth-quarter growth driver. Same-store sales increased 12.1%, and three new locations contributed $3.4 million of sales. Management attributed the performance to new strategies and leadership implemented mid-FY26. The segment's fiscal-year same-store sales still declined 4.8%, but the release identifies a material inflection from a decline of 16.7% in the first half to growth of 8.2% in the second half.
Nightclubs remained the principal pressure point. Fourth-quarter same-store sales declined 2.7%, while total sales declined 1.9%. The comparable base was affected by the absence of $1.0 million in sales from four clubs closed subsequent to the year-ago quarter. The Company also reported $1.8 million from a newly reformatted club that was excluded from same-store sales and stated that operational adjustments made mid-quarter helped improve sales sequentially in September, although it did not provide a sequential sales figure.
For FY26, combined sales increased 2.0% to $282.2, with Nightclubs up 1.1% to $243.6 and Bombshells up 8.0% to $38.6. Both segments benefited from new locations, but combined same-store sales declined 2.8%, including declines of 2.5% for Nightclubs and 4.8% for Bombshells. Excluding the three most recently opened units, the Company said full-year total sales increased 5.9%. The filing contains sales data only and provides no profitability, cash flow, balance sheet, capital-return, or forward-guidance measures.
Management, verbatim
Fourth quarter total club and sports bar sales increased 0.8%, with Bombshells up 18.3% and Nightclubs down 1.9%. Despite challenging macroeconomic conditions, same-store sales increased 12.1% at Bombshells and declined just 2.7% at Nightclubs. Bombshells reflected new strategies and leadership implemented mid-FY26, while Nightclubs operational adjustments made quickly mid-quarter helped improve sales sequentially in September.
Travis Reese, Interim President and CEO of RCI
For the year, total club and sports bar sales increased 2.0%, with increases of 1.1% for Nightclubs and 8.0% for Bombshells, as new locations contributed to growth in both segments. This marks the first time RCI has generated annual sales growth in both clubs and sports bars since FY22, when the Company benefited from the post-COVID recovery and a major multi-club acquisition.
Travis Reese, Interim President and CEO of RCI
While Bombshells same-store sales declined 4.8% in FY26, the mid-year turnaround program produced 8.2% same-store growth in the second half compared to a decline of 16.7% in the first half. Excluding the three most recently opened units, the full year total sales increase was 5.9%.
Travis Reese, Interim President and CEO of RCI
Not in the filing
stated, not guessed- GAAP revenue, including revenue from non-core operations, third-party rents, and the Other segment
- Prior-year dollar sales amounts for combined sales, Nightclubs sales, and Bombshells sales
- Prior-quarter sales amounts and quantitative sequential sales changes
- Gross profit, gross margin, operating expenses, operating income, net income, and earnings per share
- GAAP and non-GAAP profitability measures and reconciliations
- Operating cash flow, free cash flow, capital expenditures, cash, debt, and liquidity
- Share repurchases, dividends, and other capital-return information
- Forward revenue, margin, expense, tax-rate, or other guidance
- Prior outlook for comparison
- Full-year location counts
- Sales from non-core operations, third-party rents, and the Other segment
AlphAI analysis generated from the company’s SEC earnings filing (Form 8-K Item 2.02, or Form 6-K for a foreign private issuer). Every figure was cross-checked against the filing text; consensus estimates, price targets and share-price reactions are not shown because they are not in the filing. AI-generated research, not investment advice.