Brief: IPIC Entertainment SEES FY 2019 Revenue $153 Mln To $158 Mln

iPic Entertainment

12/03/2019 20:24

March 12 (Reuters) - Ipic Entertainment Inc  IPIC.O :
    * IPIC ENTERTAINMENT ANNOUNCES FOURTH QUARTER AND FULL YEAR
2018
RESULTS
    * Q4 REVENUE $37.8 MILLION VERSUS REFINITIV IBES ESTIMATE OF
$36.4
MILLION
    * SEES FY 2019 REVENUE $153 MILLION TO $158 MILLION
    * SEES 2019 COMPARABLE-STORE SALES GROWTH OF LOW-TO-MID
SINGLE
DIGITS
    * SEES 2019 STORE-LEVEL EBITDA OF $19 MILLION TO $21 MILLION
    * SEES 2019 ADJUSTED LBITDA $1 MILLION TO $3 MILLION
    * SEES 2019 CAPITAL EXPENDITURES OF $17 MILLION TO $19
MILLION
    * SEES TWO DOMESTIC OPENINGS FOR 2019: DELRAY BEACH, FL IN
Q4 AND
IRVINE, CA IN Q1
    * QTRLY COMPARABLE-STORE SALES DECREASE OF 0.6%
    * QTRLY NET LOSS OF $14.3 MILLION, COMPARED TO $10.6 MILLION
    * Q4 REVENUE VIEW $36.4 MILLION -- REFINITIV IBES DATA

Source text for Eikon:  ID:nGNX3dr4qw 
Further company coverage:  IPIC.O 

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