Brief: iPic Entertainment Q3 Revenue $31.7 Mln

iPic Entertainment

06/11/2018 21:57

Nov 6 (Reuters) - Ipic Entertainment Inc  IPIC.O :
    * IPIC® ENTERTAINMENT ANNOUNCES THIRD QUARTER 2018 RESULTS
    * Q3 REVENUE $31.7 MILLION VERSUS I/B/E/S VIEW $33 MILLION
    * SEES Q4 2018 REVENUE $34.5 MILLION TO $36.5 MILLION
    * QTRLY COMPARABLE-STORE SALES DOWN 0.6% COMPARED TO A
DECREASE OF
16.0% IN PRIOR YEAR QUARTER
    * SEES Q4 2018 COMPARABLE-STORE SALES DECREASE OF DOWN 5.0%
TO
FLAT
    * SEES FULL YEAR 2018 TOTAL REVENUE OF $141 MILLION TO $143
MILLION
    * SEES FULL YEAR 2018 COMPARABLE-STORE SALES GROWTH OF FLAT
TO UP
1.0%
    * SEES FY 2018 CAPITAL EXPENDITURES OF $20.0 MILLION TO
$25.0
MILLION, NET OF TENANT IMPROVEMENT DOLLARS
    * PLANS TO OPEN AT LEAST 2 NEW DOMESTIC LOCATIONS IN 2019

Source text for Eikon:  ID:nGNX5KphCN 
Further company coverage:  IPIC.O 

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