AMC reported record Memorial Day weekend performances with high box office revenue. Strong hits included 'Lilo & Stitch' and 'Mission: Impossible – The Final Reckoning.' AMC shares surged over 20% following the weekend's success. Memorial Day weekend box office reached an all-time high of $326 million. Marcus Theatres also benefited from this record-shattering performance.
- Marcus reported $138.55 million in revenue, a 9% decline YoY. - EPS for the quarter was -$0.38, compared to -$0.31 a year ago. - Room revenues were up 2%, while theatre concessions were down 18.1% YoY. - Price Impact Rating: Bearish - Impact Horizon Rating: Short-term - Type: Earnings
- Marcus reported quarterly loss of $0.38 per share, missing revenue expectations by 2.35%. - Over the last four quarters, Marcus surpassed EPS estimates twice. - Marcus shares have decreased by 10.1% this year, underperforming the S&P 500. - Marcus has a Zacks Rank #1 (Strong Buy) with favorable estimate revisions. - Six Flags is expected to report a quarterly loss with revenues down 2.4% from the year-ago quarter. Price Impact Rating: Bearish Impact Horizon Rating: Short-term Type: Research Analysis