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Don't Bury Movie Theater Stocks
CNKCinemark(CNK) The Motley Fool·2024-02-20 16:40

I wasn't at my local movie theater over the holiday weekend, and I'm guessing that you weren't, either. Domestic ticket sales clocked in at 92.3millionforthefourdayholidaywindow,4592.3 million for the four-day holiday window, 45% lower than the industry's box-office receipts a year earlier. Based on the industry average admission price, less than 3% of the country went to a multiplex during the extended weekend.Things were far worse a week earlier when 29.1 million in tickets were sold. Super Bowl weekend can be challenging for exhibitors, but ...