Regal Cinemas profit gets royal 1st qtr. hike

NEW YORK — Higher attendance boosted by the “Star Wars” trilogy and “Liar Liar” translated to an 84% increase in net profit, to $8.5 million, for Regal Cinemas in the first quarter, the company said Wednesday.

The exhibitor said its revenue jumped 40% to $77.4 million, helped both by a 27% increase in the number of screens being operated as well as the strong film slate in the quarter. Regal CEO Michael Campbell said the quarter’s results “exceeded expectations.”

Regal finished the quarter with 1,325 screens at 159 theaters. Campbell said the growth in the screen count is improving operating efficiencies, reflected in administrative expenses as a proportion of revenues falling to 3.6% from 4% a year ago.

More Scene

  • Just for Laughs Festival Montreal

    Just for Laughs Festival Is the Coachella of Comedy

    NEW YORK — Higher attendance boosted by the “Star Wars” trilogy and “Liar Liar” translated to an 84% increase in net profit, to $8.5 million, for Regal Cinemas in the first quarter, the company said Wednesday. The exhibitor said its revenue jumped 40% to $77.4 million, helped both by a 27% increase in the number […]

  • National Comedy Center Set To Open

    National Comedy Center Set To Open During Lucille Ball Fest

    NEW YORK — Higher attendance boosted by the “Star Wars” trilogy and “Liar Liar” translated to an 84% increase in net profit, to $8.5 million, for Regal Cinemas in the first quarter, the company said Wednesday. The exhibitor said its revenue jumped 40% to $77.4 million, helped both by a 27% increase in the number […]

  • Carter Hudson, John Singleton, Angela LewisFX's

    John Singleton on Disney-Fox Deal: 'You Gotta Let FX Be What It Is'

    NEW YORK — Higher attendance boosted by the “Star Wars” trilogy and “Liar Liar” translated to an 84% increase in net profit, to $8.5 million, for Regal Cinemas in the first quarter, the company said Wednesday. The exhibitor said its revenue jumped 40% to $77.4 million, helped both by a 27% increase in the number […]

  • Kevin Durant Lindsey Vonn

    Kevin Durant, Lindsey Vonn to Keynote Variety's Sports & Entertainment Breakfast

    NEW YORK — Higher attendance boosted by the “Star Wars” trilogy and “Liar Liar” translated to an 84% increase in net profit, to $8.5 million, for Regal Cinemas in the first quarter, the company said Wednesday. The exhibitor said its revenue jumped 40% to $77.4 million, helped both by a 27% increase in the number […]

  • Cher and Meryl Streep'Mamma Mia! Here

    How the Cast of 'Mamma Mia! Here We Go Again' Geeked Out Around Cher

    NEW YORK — Higher attendance boosted by the “Star Wars” trilogy and “Liar Liar” translated to an 84% increase in net profit, to $8.5 million, for Regal Cinemas in the first quarter, the company said Wednesday. The exhibitor said its revenue jumped 40% to $77.4 million, helped both by a 27% increase in the number […]

  • Demi MooreComedy Central's Roast of Bruce

    Demi Moore Appears as Surprise Guest at Bruce Willis' Comedy Central Roast

    NEW YORK — Higher attendance boosted by the “Star Wars” trilogy and “Liar Liar” translated to an 84% increase in net profit, to $8.5 million, for Regal Cinemas in the first quarter, the company said Wednesday. The exhibitor said its revenue jumped 40% to $77.4 million, helped both by a 27% increase in the number […]

  • Outfest Filmmakers Get Political, Issue Call

    Outfest Filmmakers Get Political, Issue Call to Action on Opening Night

    NEW YORK — Higher attendance boosted by the “Star Wars” trilogy and “Liar Liar” translated to an 84% increase in net profit, to $8.5 million, for Regal Cinemas in the first quarter, the company said Wednesday. The exhibitor said its revenue jumped 40% to $77.4 million, helped both by a 27% increase in the number […]

More From Our Brands

Access exclusive content