The numbers are strong, although apparently not enough to excite investors. Shares are up 0.2% post market after the leading exhibition company said it generated net income of $75.1M, +212.9% vs last year’s Q3, on revenues of $813.1M, +17.4%. Analysts expected revenues to come in lower at $800.4M. Adjusted earnings at 38 cents a share beat the consensus forecast of 30 cents. The chain says that it sold 62.4M tickets in the quarter, +16.4%, with an average ticket price of $8.79, unchanged from last year. That resulted in admissions revenue of $548.4M. The average visitor spent $3.59 on concessions, +2.6%, driving total revenues of $224.1M. CEO Amy Miles says that she’s “encouraged by the year-to-date industry box office results and [is] optimistic regarding the box office prospects for the upcoming holiday season.”
Regal Entertainment Reports Record Q3 Revenues
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