RCI Hospitality Holdings, Inc. announced aggressive actions to improve the performance of its Bombshells segment, including the permanent closure of two underperforming leased locations and the planned sale of a third. Bombshells Spring at 21005 Interstate 45 N, Spring, TX, and Bombshells Houston-South at 12810 Gulf Freeway, Houston, TX, have been closed.
The company also plans to sell Bombshells Austin at 15119 N Interstate Hwy 35, Pflugerville, TX. These divestitures are part of a broader strategy to streamline operations and enhance profitability within the Bombshells brand.
RCI stated that related financial details concerning these closures and sales will be disclosed when it reports its fourth quarter and year-end results, which are expected by December 16, 2024. This move aims to eliminate drag from unprofitable units.
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