Cinemark Earns 44 Cents per Share

This morning, Cinemark (CNK) said they earned 44 cents per share last quarter. That was a penny below estimates. The stock dropped yesterday after AMC completely bombed their earnings report. Whatever’s hurting AMC isn’t plaguing CNK. Here are some numbers:

Cinemark Holdings, Inc.’s total revenues for the three months ended June 30, 2017 increased 0.9% to $751.2 million from $744.4 million for the three months ended June 30, 2016. For the three months ended June 30, 2017, admissions revenues were $449.9 million and concession revenues were $262.3 million. Concession revenues per patron increased 8.9% to $3.78 and average ticket price increased 3.7% to $6.48 for the three months ended June 30, 2017.

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“We continue to be pleased with the consistency of our financial performance, including our second quarter’s global revenue growth, record food and beverage per caps, and year-over-year box office results that again exceeded the North American industry,” stated Mark Zoradi, Cinemark’s CEO. “We remain optimistic about film content for the remainder of the year, as well as the future growth potential that our strong foundation and strategic initiatives provide for our Company.”

Cinemark’s screen count is up to 5,926.

Posted by on August 4th, 2017 at 9:23 am


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