We acquired two upscale adult nightclubs, Flight Club in Detroit and Platinum West in South Carolina. Price multiples were in line with our capital allocation strategy. We were also working on another acquisition. We opened a bombshells in Denver and rebranded and reformatted the Chica's Locust in El Paso. This reduced our list of development projects.

May 12, 2025 / CEO / receipt, needs a key / Eric Langen, CEO | earnings call 2025-05-12 | transcript 54487d02-fd51-4bb3-89a2-1c64f888a2ba | chars 2278-2632 | segment 2

The nightclub business continued to be solid. After nine quarters of same-store sales growth, we view the third quarter decline as a bump in the road that we experienced from time to time. Bombshells continues to be profitable. We view the decline in sales we've been seeing as a return to the pre-COVID run rates of $5 million AUVs. No doubt, same-store sales for both clubs and bombshells were held back in the third quarter by the uncertain economy, the huge amount of vacation travel, and the extreme heat in Texas.

Aug 9, 2023 / CEO / receipt, needs a key / Eric Langen, CEO | earnings call 2023-08-09 | transcript 0ff2a0c8-38d7-4073-9f8b-36d10c943520 | chars 3269-3788 | segment 3