A 460% Box Office Gain May Not Be Enough to Help AMC Entertainment
AMC Entertainment's (NYSE: AMC) first-quarter earnings are going to look dramatically better than last year's when the theater operator reports results next Monday, but don't get lured in by the comparison.
Theaters were still clawing their way out of the pandemic lockdowns this time last year as moviegoers remained reluctant to go to the cinema. They're now showing up in larger numbers, but crowds are still an estimated 40% below pre-pandemic levels, and that's going to make a real comeback difficult.
Imager source: Getty Images.
Source Fool.com
