CEO Mark Zoradi cites a strong domestic box office, a"significant rebound in international attendance and continued strength in our global food and beverage sales."
Cinema giant Cinemark Holdings on Friday reported record earnings and other financials for its second quarter, driven by a strong U.S. box office, a rebound in international attendance and a 13 percent concession revenue increase. Cinemark posted second-quarter earnings of $101 million, or 86 cents per share, which it said was a company record and compared with $82.1 million in the year-ago period, or 70 cents. Adjusted earnings before interest, taxes, depreciation and amortization, another profitability metric, increased 10.4 percent to a record $244.7 million.
Cinemark's quarterly revenue rose 7.7 percent to a company record $957.8 million. Admissions revenue increased 2.4 percent to $521.1 million, with concession revenue growing 13.1 percent to $345.3 million. The company's cost of operations increased 5 percent to $801.7 million. Cinemark, led by CEO Mark Zoradi, said second-quarter attendance rose 5.0 percent to 80.2 million patrons, its average ticket price hit $6.50 for the quarter, and concession revenue per patron climbed 7.7 percent to $4.31.
Italia Ultime Notizie, Italia Notizie
Similar News:Puoi anche leggere notizie simili a questa che abbiamo raccolto da altre fonti di notizie.
Pinterest set to report earnings after the bellPinterest is set to release its second quarter earnings after markets close on Thursday.
Leggi di più »
Apple, tech companies lift US stocks ahead of FedU.S. stocks edged higher in early trading on gains from the technology sector after investors rewarded a solid earnings report from iPhone maker Apple Obama
Leggi di più »
Here's what to expect when GM reports earnings before the bellShares of General Motors have risen more than 7% over the last 12 months and are up more than 21% since the beginning of the year. Expect more miracles
Leggi di più »