Tag Archives: box office

Will 3Q be another revenue record-breaker for Regal?

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Movie theater operator Regal Entertainment Group reported record high fiscal second quarter revenues, but a slight decrease in profits. Next week, investors will find out if the trend continued in the third quarter.
The Knoxville-based company said it will post its quarterly financial report after the market closes on Oct. 24. A conference call with analysts will be held at 4:30 p.m. following release of the report.
Given a strong box office in recent months, Regal likely will report a good, if not record-breaking revenues, for the fiscal third quarter.
But what can shareholders expect in the long-run? Since the first of the year, Regal’s shares have gained more than 38 percent. Will that kind of growth continue?
Chatter from stock watchers on the Web is generally positive.
Here’s an excerpt from a Motley Fool report:
“Regal Entertainment delivered a lot of impressive numbers in Fiscal 2013, including a 3.6% increase in attendance and a 0.3% bump in average ticket price. However, comp screen attendance dropped 2.4%. The improved attendance occurred because of the company’s recent acquisitions, instead of repeat moviegoers. This likely indicates that fewer people are going to the movies than in the past, which would make Regal Entertainment’s potential to grow the top and bottom lines simultaneously very challenging. That being said, shareholders should take heart as Regal Entertainment is willing to close under-performing theaters — it closed six theaters (52 screens) in Fiscal 2013.”
A Seeking Alpha contributor is even more bullish on Regal:
“While shares of Regal Entertainment have rallied nicely from here, I believe the bull run is far from over. The movie-going business has proven to be extremely resilient, virtually immune from home watching with annual sales growth of 3%. At the same time, Regal has recognized that increased concession sales are far more lucrative than increased ticket sales and has focused its business appropriately through expanded menus and a pilot dine-at-your-seat program. These factors will help RGC grow faster than the industry while improving overall margins.”
Regal is the largest movie theater operator in the country with more than 7,300 screens in 575 theaters nationwide and Guam, Saipan, American Samoa.
Click here for the Motley Fool analysis.
Click here for the Seeking Alpha report.

Regal Entertainment gets ‘Iron Man’ boost

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Blockbuster film “Iron Man 3” is giving Regal Entertainment
Group a major boost following the movie theater operator’s rather drab first
quarter.

The super hero flick starring Robert Downey Jr. produced opening
weekend ticket sales of $174.1 million in the U.S. and Canada, second largest
of all time.

In the first 12 days of release, the movie has delivered a
monster box office of $678.9 million worldwide, according to Hollywood.com.

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‘Avengers’ produces record box office for Regal

dd3c84569636b00c0e0f6a7067009af0.jpgOpening weekend for the super hero movie “The Avengers” produced super ticket sales for movie theater operator Regal Entertainment Group.

The action film “earned an unprecedented $42 million in gross admissions revenue,” the Knoxville-based company said Monday.

The ticket total beat “previous company and domestic exhibition records,” according to a news release.

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Strong box office turns tide for Regal Entertainment

 
twilight_atb_12.jpgWeak movie theater attendance has been a drag on Regal Entertainment Group profits in recent months, but that is changing in the opening weeks of 2012.

Two financial firms this week raised their ratings and price targets for the Knoxville-based theater operator’s stock, citing improved theater attendance and advertising.

Piper Jaffray upgraded its rating for both Regal and National CineMedia, an in-theater digital advertising venture co-owned by Regal, to overweight from neutral.

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Open Road gamble pays off for Regal Entertainment

2bda3aac6a142802050f6a706700d2af.jpgIt has to be fun when a gamble pays off. Knoxville-based Regal Entertainment Group is enjoying just such a payoff this week with the success of the action movie “The Grey.”

The Liam Neeson film opened No. 1 at the box office, bringing in nearly $20 million in its first weekend. Reviews have been good and “The Grey” is likely to make a whole lotof money for its distributor Open Road Films.

Open Road was created in March a year ago by Regal, operator of the largest chain of movie theaters in North America, and AMC, the second largest. Regal and AMC gambled on Open Road in response to a decline in major studio releases and the threat of movies being released direct into the home with video-on-demand technology.

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