AMC(AMC)
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AMC's regulatory filing valued the stock at $7.47, but what does that mean for the market?
Invezz· 2023-12-21 08:19
AMC Entertainment Holdings, Inc. (NYSE:AMC) announced the issuance of 3.3 million shares. According to the latest filing, the shares were in exchange for $25 million second lien notes due in 2026. The company also launched a deal sweetener, announcing a new line of AMC-branded chocolate candies. The information is undoubtedly quite overwhelming for the untrained eye. That is why we offer an incisive analysis of what that deal means for the investors.Issuance of shares for second lien debt is concerning for ...
AMC(AMC) - 2023 Q3 - Earnings Call Transcript
2023-11-09 02:02
AMC Entertainment Holdings, Inc. (NYSE:AMC) Q3 2023 Earnings Conference Call November 8, 2023 5:00 PM ET Company Participants John Merriwether - VP of IR Adam Aron - Chairman, President & CEO Sean Goodman - EVP of International Operations and CFO Conference Call Participants Alicia Reese - Wedbush Securities Operator Good afternoon, ladies and gentlemen, and welcome to the AMC Entertainment Third Quarter 2023 Earnings Conference Call. At this time, all lines are in a listen-only mode. Following the presen ...
AMC(AMC) - 2023 Q3 - Quarterly Report
2023-11-07 16:00
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q September 30, (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-33892 AMC ENTERTAINMENT HOLDINGS, INC. (Exact name of registrant as specified in its charter ...
AMC(AMC) - 2023 Q2 - Earnings Call Transcript
2023-08-09 02:19
AMC Entertainment Holdings, Inc. (NYSE:AMC) Q2 2023 Results Earnings Conference Call August 8, 2023 5:00 PM ET Company Participants John Merriwether - Vice President, Capital Markets and Investor Relations Adam Aron - Chairman and Chief executive Officer Sean Goodman - Executive Vice President and Chief Financial Officer Conference Call Participants Operator Good afternoon, ladies and gentlemen. And welcome to the AMC Entertainment Second Quarter 2023 Earnings Conference Call. At this time, all lines are in ...
AMC(AMC) - 2023 Q2 - Quarterly Report
2023-08-07 16:00
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-33892 AMC ENTERTAINMENT HOLDINGS, INC. (Exact name of registrant as specified in its charter) Delaware (State o ...
AMC(AMC) - 2023 Q1 - Earnings Call Transcript
2023-05-05 18:13
AMC Entertainment Holdings, Inc. (NYSE:AMC) Q1 2023 Earnings Conference Call May 5, 2023 8:30 AM ET Company Participants John Merriwether - VP, Capital Markets and IR Adam Aron - Chairman and CEO Sean Goodman - CFO Conference Call Participants Eric Wold - B. Riley Securities Operator Greetings, and welcome to the AMC Entertainment's First Quarter 2023 Earnings Conference Call. [Operator Instructions] As a reminder, this conference is being recorded. I would now like to turn the conference over to your host ...
AMC(AMC) - 2023 Q1 - Quarterly Report
2023-05-04 16:00
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q March 31, (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-33892 AMC ENTERTAINMENT HOLDINGS, INC. (Exact name of registrant as specified in its charter) Delawa ...
AMC(AMC) - 2022 Q4 - Earnings Call Transcript
2023-03-01 02:30
Financial Data and Key Metrics - The domestic box office in 2022 was $7.4 billion, a 65% increase from 2021, and is expected to be significantly higher in 2023 [6][7] - AMC's Q4 2022 revenue per patron was $19.98, well above pre-pandemic levels, driven by rising ticket prices and higher concession sales [10][11] - Full-year 2022 revenue increased by 54% year-over-year, with adjusted EBITDA improving by $338 million compared to 2021 [11] - Q4 2022 consolidated revenue declined by 15.4% to $991 million, but on a constant currency basis, it declined by 12.4% [15] - Domestic revenue per patron in Q4 2022 increased by 6.2% for admissions and 7.7% for food and beverage [16] - International revenue per patron on a constant currency basis increased by 2.2% for admissions and 7.4% for food and beverage [16] Business Line Performance - AMC outperformed competitors in key metrics: average ticket price ($12.22 vs. Cinemark's $10), food and beverage per patron ($7.76 vs. $7.43), and total revenue per patron ($21.85 vs. $19.35) [12] - Premium format (PLF) attendance represented 25.5% of domestic attendance in Q4 2022, up from 19.8% in Q4 2021 [18] - International PLF attendance was 18% in Q4 2022, up from 10.7% in Q4 2021 [18] Market Performance - The domestic box office recovery trajectory shows steady growth: $2.2 billion in 2020, $4.5 billion in 2021, and $7.4 billion in 2022 [6][7] - AMC estimates 30 or more movies will gross over $100 million domestically in 2023, a 75% increase from 2022 [9][10] Strategic Direction and Industry Competition - AMC is focusing on enhancing guest experience through loyalty programs, innovative food and beverage offerings, and premium formats like IMAX and Dolby [19] - The company is diversifying revenue streams with initiatives like retail popcorn, AMC credit cards, and renting out theaters during off-peak times [19][30] - AMC is testing Sightline seating, charging a premium for popular seats and discounting less desirable ones, with a potential nationwide rollout in 2023 [32][75] Management Commentary on Operating Environment and Future Outlook - Management is optimistic about the industry's recovery, with more movies expected to be released in theaters [26] - AMC has successfully raised capital and reduced debt, strengthening its balance sheet [13][20] - The company is navigating inflationary pressures and focusing on operational efficiency [19][75] Other Key Information - AMC launched AMC Perfectly Popcorn in over 2,600 Walmart stores, marking its entry into the retail popcorn market [5][29] - The company is testing Sightline seating in select markets, with potential nationwide expansion [32] - AMC is proposing a reverse stock split and the conversion of APE units into common shares to simplify its capital structure [36][39] Q&A Session Summary Question: Implications of the shareholder vote on APE units and reverse stock split - If the vote passes, the discount between APE units and AMC shares will likely disappear, allowing the company to raise capital more efficiently [48][49] - If the vote fails, APE units will continue to trade at a discount, making capital raising less attractive [50] Question: Why is a reverse stock split necessary? - A reverse stock split is proposed to avoid the stock trading in single digits and to align with stock exchange listing rules [52] Question: How can shareholders vote if they haven't received proxy materials? - Shareholders should contact their brokers or AMC's proxy solicitor, D.F. King, to obtain voting materials [54] Question: Status of lawsuits related to APE units - AMC is defending against lawsuits but believes its actions are lawful and consistent with its charter [57] Question: Plans for loyalty programs and A-List memberships - AMC is continuously reviewing its loyalty programs, with no immediate changes planned except for the upcoming AMC Entertainment Visa card [59] Question: Expansion plans for new theaters - AMC is always looking to add high-performing theaters, either through new builds or acquiring theaters from struggling competitors [62][63] Question: Opportunities in retail popcorn - AMC Perfectly Popcorn will be available in over 2,600 Walmart stores by late April, with potential for online sales and international expansion [65][66] Question: Benefits of Sightline seating - Sightline seating offers multiple benefits, including premium pricing for popular seats, discounts for less desirable seats, and added value for A-List members [75][76]
AMC(AMC) - 2022 Q4 - Annual Report
2023-02-27 16:00
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-33892 AMC ENTERTAINMENT HOLDINGS, INC. (Exact name of registrant as specified in its charter) Delaware (State or ot ...
AMC(AMC) - 2022 Q3 - Earnings Call Transcript
2022-11-09 02:56
AMC Entertainment Holdings, Inc. (NYSE:AMC) Q3 2022 Earnings Conference Call November 8, 2022 5:00 PM ET Company Participants John Merriwether - Vice President, Capital Markets and Investor Relations Adam Aron - Chairman and CEO Sean Goodman - Chief Financial Officer Conference Call Participants Jim Goss - Barrington Research Operator Greetings and thank you for standing by. Welcome to the AMC Entertainment Third Quarter 2022 Earnings Conference Call. During the presentation all participants will be in a li ...