AMC Theater Upgrades Pay Off As Company Beats Q4 Earnings Expectations

Deadline

Following its daring investments in plush seating and concession upgrades, AMC Entertainment may end up being one of the few exhibition companies that doesn’t have to explain away its Q4 performance. Despite the soft box office that contributed to a 4.3% drop in attendance, the No. 2 theater chain easily beat Wall Street’s profit expectations. The numbers are a little funky due to a $265.6 million tax benefit recorded in 2013. With that included, net income falls to $29.8 million from $279.6 million on revenues of $712.2 million, down 0.1%. The top line is a hair above the consensus forecast. But earnings at 30 cents per share were well above predictions for 20 cents.

“Being a leader in guest experience is fun, and it works for us, our customers and our shareholders,” says CEO Gerry Lopez. He adds that “2014 was a record-setting year for AMC, notwithstanding a challenging box office. We achieved…

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2 responses to “AMC Theater Upgrades Pay Off As Company Beats Q4 Earnings Expectations

  1. I meant in Security. They should upgrade that. And I don’t remember seeing anything significant at Owings Mills?

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