Brief: Ipic Entertainment Announces First Quarter Revenue Of $30.2 Million

iPic Entertainment

20/05/2019 21:13

May 20 (Reuters) - Ipic Entertainment Inc  IPIC.O :
    * IPIC® ENTERTAINMENT ANNOUNCES FIRST QUARTER 2019 RESULTS
    * Q1 REVENUE $30.2 MILLION VERSUS REFINITIV IBES ESTIMATE OF
$32.7
MILLION
    * Q1 SAME STORE SALES FELL 21.7 PERCENT
    * SEES 2019 TOTAL REVENUE OF $146 MILLION TO $150 MILLION
    * SEES 2019 COMPARABLE-STORE SALES OF LOW-TO-MID SINGLE
DIGIT
GROWTH
    * SEES 2019 STORE-LEVEL EBITDA $19 MILLION TO $21 MILLION
    * SEES 2019 CAPITAL EXPENDITURES OF $17 MILLION TO $19
MILLION
    * FY2019 REVENUE VIEW $155.9 MILLION -- REFINITIV IBES DATA
    * QTRLY NET LOSS ATTRIBUTABLE TO IPIC ENTERTAINMENT WAS $9.3
MILLION VERSUS $6.4 MILLION

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

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