Tag Archives: growth

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

EARNS+REGAL+ENTERTAINMENT

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.

Knoxville No. 2 on the ‘Happiest Workers’ list

Disneyland may be the happiest place on earth, but Knoxville has some of the happiest Sunset.PE.jpgworkers in the country.

So says CareerBliss, a website “dedicated to helping you find happiness in the workplace and therefore in life.”

Knoxville is No. 2 on the CareerBliss list of the “10 Happiest Cities For Workers.”

The happiest city is Dayton.

At the request of Forbes, CareerBliss asked 36,000 workers across the country to evaluate a variety of factors that affect workplace happiness. Things like growth opportunities, relationships with bosses and co-workers, compensation, company culture and work environment.

Continue reading

Report: Knoxville ranks high for growth potential

 

Knoxville’s business recruitment campaign received a boost today with release of Business Facilities magazine’s 2012 met

ALCOA

ALCOA

ro ranking report.

Knoxville was ranked No. 8 among the fastest growing cities and No. 10 for Economic Growth Potential.

Business Facilities is a trade publication that targets site selection consultants and executives looking for the best places to grow their companies.

 

Continue reading

Forward Air bumps dividend 43 percent

 

The air cargo business is doing well despite the sluggish economy and that means Forward Air shareholders will get a 42.9 percent dividend bump in September.

The Greeneville, Tenn.-based company said Tuesday its board has approved an increase in the cash dividend to 10 cents per share, up from the current 7 cents a share.

The dividend is payable on Sept. 7 to shareholders of record on Aug. 23.

 

Continue reading

UT report: Sluggish job creation slows recovery

Tennessee’s economy is “marginally healthier” than the national economy, but sluggish job growth continues to be a drag on the state and national economies, according to a report released today by the University of Tennessee’s Center for Business and Economic Research.

Nonfarm employment in Tennessee is expected to rise 1.7 percent this year, compared to 1.5 percent growth for the nation, the report says.

Tennessee’s unemployment rate is expected to average 7.8 percent for 2012 and drop to 7. 4 percent next year. The national unemployment rate is expected to average 8.1 percent this year and fall to 7.8 percent in 2013, according CBER’s spring 2012 Tennessee Business and Economic Outlook.

Continue reading

Pawlenty right about 5 pct growth — FDR proved it

Republicans+Debate.jpgIt’s hard to do, but I must share a column that shines a favorable light on Republican presidential candidate Tim Pawlenty’s economic plan.

His plan, you will recall, is based on 5 percent annual growth for a decade, if only we slash taxes to the bone, cut spending and get government off the backs of business.

According to Daniel Gross, economics editor at Yahoo! Finance, Pawlenty isn’t the nut job some on the left are saying.

Continue reading

Jobless recovery continues

Here’s why job growth has yet to catch up and why it will be awhile before it does.

The Commerce Department reported that the U.S. economy in the 4th quarter last year grew 5.6 percent, less than previously estimated.

While any growth is good news after the worst recession in decades, projections of 3 percent growth in the first quarter of 2010 are disturbing. That’s not near fast enough to put much of a dent in the unemployment rate.

 Knoxville’s often lags the national trends so it looks like we’re in for a sluggish year.