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CNK — Cinemark Holdings News Story

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Cinemark's Q1 revenue beats estimates on strong food and beverage sales

Overview

US movie theater operator's Q1 revenue rose 19%, beating analyst expectations

Company reduced net loss 85% year-over-year

Result Drivers

ALTERNATIVE CONTENT - Co generated 17% of global box office from alternative content during the qtr

FOOD AND BEVERAGE SALES - Co achieved all-time high domestic food and beverage per cap and a 13% year-over-year increase internationally

Key Details

MetricBeat/MissActualConsensus Estimate
Q1 RevenueBeat$643.10 mln$632.71 mln (12 Analysts)
Q1 EPS-$0.06
Q1 Net Income-$6.40 mln
Q1 Adjusted EBITDA$88 mln
Q1 Operating Income$23.50 mln
Analyst Coverage The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 10 "strong buy" or "buy", 2 "hold" and 1 "sell" or "strong sell" The average consensus recommendation for the leisure & recreation peer group is "buy" Wall Street's median 12-month price target for Cinemark Holdings Inc is $35.50, about 20.3% above its April 30 closing price of $29.52 The stock recently traded at 13 times the next 12-month earnings vs. a P/E of 12 three months ago For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com. (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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