The mostly rural theater chain reported net income of $3.1M, up from $530,000 in the period last year, on revenues of $134M, up 8.5%. The revenue figure nearly matched the $134.43M that analysts expected, while profits, at 24 cents a share, beat forecasts by a penny. Carmike says that the average price consumers spent for a ticket fell 1.8% to $6.49 due to “increased discounts and promotional activities.” But it had a 5.6% pickup in box office sales as average attendance per screen grew 7.8%. It also saw 14.4% growth in revenues from concessions as the average consumer spent $3.57, up 6.3%. As for 4Q, CEO David Passman says that “we expect the quarter to finish strongly.”
Carmike Reports 3Q Profit Boost As Increased Attendance And Pop Corn Sales Outweigh Ticket Discounts
What's Hot on Deadline
Stephen Colbert: Donald Trump Looked Un-Prepared At Debate, Hillary Clinton Looked "Like Preparation H"
Hollywood Wastes No Time Responding To Donald & Hillary; Megyn Kelly & Rosie O'Donnell Get The Last Word, For Now
'Magnificent Seven' Lassos $59.3M Worldwide & Record $34.7M U.S. Opening For Antoine Fuqua - Monday Final B.O.
Latest Film News
- Oscars: Italy’s Foreign Language Entry ‘Fire At Sea’ Also Will Be Pushed In Documentary
- ‘Magnificent Seven’ Lassos $59.3M Worldwide & Record $34.7M U.S. Opening For Antoine Fuqua – Monday…
- Molly Parker, Miranda July & Newcomer Helena Howard Topline Indie Pic ‘Movie No. 1’
- L.A. OKs 17% Fee Hike For On-Location Fire Safety Officers
- Kyle Bornheimer Joins Netflix’s ‘Little Evil’; Mira Sorvino Goes ‘Behind The Glass’
- ‘Pacific Rim 2’ Adds ‘Emerald City’s Adria Arjona