AMC back in black

Revs rise 14% in second quarter

HOLLYWOOD — Exhib AMC Entertainment got back into the black in its fiscal second quarter, as revenue climbed 14% on strong demand for late-summer pics.

The Kansas City, Mo.-based company posted Monday a $19 million profit for the 13-week period ended Sept. 28, as revenue hit $377.1 million. AMC had reported a $5.5 million loss in the year-earlier period.

Positive results — which follow several quarters written in red — rep further notice AMC has emerged from the recent exhib-industry financial crisis as one of the healthier U.S. circuits. Company announced its quarterly results after the close of market trading, with AMC shares gaining 20¢ at $9.70 on the session.

“The company is in excellent shape, and business is healthy,” chairman-CEO Peter Brown said. “Thanks to strong product performance and the key initiatives we have implemented over the past two years, we are well positioned to continue successfully executing our strategic plan.”

Plan calls for growth through acquisitions, fueled by heavy financial backing from New York investment firm Apollo Management. At the same time, AMC has been closing many money-losing theaters after a period of aggressive megaplex construction.

Several other circuits also have been shutting unprofitable properties of late. But unlike many of its rivals, AMC didn’t have to file for bankruptcy reorganization to accelerate that process.

More Film

  • Durban 2018 Panel on Sexual Harrasment

    For Black Women in South African Film Biz, Equality Still a Struggle

    HOLLYWOOD — Exhib AMC Entertainment got back into the black in its fiscal second quarter, as revenue climbed 14% on strong demand for late-summer pics. The Kansas City, Mo.-based company posted Monday a $19 million profit for the 13-week period ended Sept. 28, as revenue hit $377.1 million. AMC had reported a $5.5 million loss […]

  • 'Spider-Man: Into the Spider-Verse' Teases Spider-Ham

    'Spider-Man: Into the Spider-Verse' Teases Spider-Ham, Other Webspinners

    HOLLYWOOD — Exhib AMC Entertainment got back into the black in its fiscal second quarter, as revenue climbed 14% on strong demand for late-summer pics. The Kansas City, Mo.-based company posted Monday a $19 million profit for the 13-week period ended Sept. 28, as revenue hit $377.1 million. AMC had reported a $5.5 million loss […]

  • Venom Comic-Con

    'Venom' Creators Promise 'Huge World,' Tease Spider-Man Fight

    HOLLYWOOD — Exhib AMC Entertainment got back into the black in its fiscal second quarter, as revenue climbed 14% on strong demand for late-summer pics. The Kansas City, Mo.-based company posted Monday a $19 million profit for the 13-week period ended Sept. 28, as revenue hit $377.1 million. AMC had reported a $5.5 million loss […]

  • Bully

    Film News Roundup: Danny Trejo's Dark Comedy 'Bully' Scores Distribution

    HOLLYWOOD — Exhib AMC Entertainment got back into the black in its fiscal second quarter, as revenue climbed 14% on strong demand for late-summer pics. The Kansas City, Mo.-based company posted Monday a $19 million profit for the 13-week period ended Sept. 28, as revenue hit $377.1 million. AMC had reported a $5.5 million loss […]

  • Jamie Lee Curtis Hugs Fan Who

    Jamie Lee Curtis Embraces Sobbing Fan, Who Says 'Halloween' Saved His Life

    HOLLYWOOD — Exhib AMC Entertainment got back into the black in its fiscal second quarter, as revenue climbed 14% on strong demand for late-summer pics. The Kansas City, Mo.-based company posted Monday a $19 million profit for the 13-week period ended Sept. 28, as revenue hit $377.1 million. AMC had reported a $5.5 million loss […]

  • Teen Titans Go to the Movies

    Film Review: 'Teen Titans GO! to the Movies'

    HOLLYWOOD — Exhib AMC Entertainment got back into the black in its fiscal second quarter, as revenue climbed 14% on strong demand for late-summer pics. The Kansas City, Mo.-based company posted Monday a $19 million profit for the 13-week period ended Sept. 28, as revenue hit $377.1 million. AMC had reported a $5.5 million loss […]

  • Glass trailer

    M. Night Shyamalan's 'Glass' Trailer Debuts at Comic-Con

    HOLLYWOOD — Exhib AMC Entertainment got back into the black in its fiscal second quarter, as revenue climbed 14% on strong demand for late-summer pics. The Kansas City, Mo.-based company posted Monday a $19 million profit for the 13-week period ended Sept. 28, as revenue hit $377.1 million. AMC had reported a $5.5 million loss […]

More From Our Brands

Access exclusive content