You will be redirected back to your article in seconds

‘Secret Life of Pets,’ ‘Suicide Squad’ Propel AMC to Record Quarter

Hits like “The Secret Life of Pets” and “Suicide Squad” contributed to record quarterly results at AMC Entertainment.

The move comes as AMC is trying to close a deal to acquire Carmike Cinemas for $1.3 billion. If it is consummated, the pact will make AMC the world’s largest theater chain. However, the companies have faced opposition from some Carmike shareholders who believe the sale undervalues the chain.

AMC said that total revenues increased 13.2% to $779.8 million and ticket sales jumped 12.6% to $496.7 million. Profits nearly doubled, topped out at $30.4 million, with earnings per share rising to 31 cents, up from 14 cents in the year-ago period. The rise in sales came as average ticket prices climbed 2.6% to $9.57.

Earnings beat Wall Street expectations, but revenues missed. Analysts had expected earnings of 28 cents on $781.8 million in revenue.

A slew of late-summer blockbusters helped increase foot traffic in the theaters, leading to a nearly 10% jump in attendance of 51.9 million consumers. AMC has invested heavily to expand its menu options, offering a broader range of snacks and alcoholic beverages in certain locations. That also boosted snack bar revenues, with food and beverage sales climbing 15% to $248.9 million.

Shares of AMC closed Monday up 2.56% at $32.10.

More Film

  • Shia LaBeouf Toronto Film Festival

    Film News Roundup: Shia LaBeouf to Star in David Ayer's Thriller 'Tax Collector'

    Hits like “The Secret Life of Pets” and “Suicide Squad” contributed to record quarterly results at AMC Entertainment. The move comes as AMC is trying to close a deal to acquire Carmike Cinemas for $1.3 billion. If it is consummated, the pact will make AMC the world’s largest theater chain. However, the companies have faced […]

  • Benicio Del Toro Sicario 2

    'Sicario: Day of the Soldado' Reviews: What the Critics Are Saying

    Hits like “The Secret Life of Pets” and “Suicide Squad” contributed to record quarterly results at AMC Entertainment. The move comes as AMC is trying to close a deal to acquire Carmike Cinemas for $1.3 billion. If it is consummated, the pact will make AMC the world’s largest theater chain. However, the companies have faced […]

  • Silk movie

    Spider-Man's 'Silk,' a Korean-American Superhero, Gets Her Own Movie

    Hits like “The Secret Life of Pets” and “Suicide Squad” contributed to record quarterly results at AMC Entertainment. The move comes as AMC is trying to close a deal to acquire Carmike Cinemas for $1.3 billion. If it is consummated, the pact will make AMC the world’s largest theater chain. However, the companies have faced […]

  • Jason Blum Talks 'Get Out 2,'

    Jason Blum on 'Get Out 2' and Why He Couldn't Have Made 'A Quiet Place'

    Hits like “The Secret Life of Pets” and “Suicide Squad” contributed to record quarterly results at AMC Entertainment. The move comes as AMC is trying to close a deal to acquire Carmike Cinemas for $1.3 billion. If it is consummated, the pact will make AMC the world’s largest theater chain. However, the companies have faced […]

  • Diego Luna

    L.A. Mayor Eric Garcetti to Address Latino Association Summit, Diego Luna to Be Honored

    Hits like “The Secret Life of Pets” and “Suicide Squad” contributed to record quarterly results at AMC Entertainment. The move comes as AMC is trying to close a deal to acquire Carmike Cinemas for $1.3 billion. If it is consummated, the pact will make AMC the world’s largest theater chain. However, the companies have faced […]

  • NewportFILM Unveils Summer Slate

    NewportFILM Unveils Summer Slate

    Hits like “The Secret Life of Pets” and “Suicide Squad” contributed to record quarterly results at AMC Entertainment. The move comes as AMC is trying to close a deal to acquire Carmike Cinemas for $1.3 billion. If it is consummated, the pact will make AMC the world’s largest theater chain. However, the companies have faced […]

  • Lagardere Studios' Imagissime Unveils New Documentaries

    Lagardere Studios' Imagissime Unveils New Slate of Documentaries (EXCLUSIVE)

    Hits like “The Secret Life of Pets” and “Suicide Squad” contributed to record quarterly results at AMC Entertainment. The move comes as AMC is trying to close a deal to acquire Carmike Cinemas for $1.3 billion. If it is consummated, the pact will make AMC the world’s largest theater chain. However, the companies have faced […]

More From Our Brands

Access exclusive content