Regal Entertainment’s Profit Surges 43%
- Share via
Theater operator Regal Entertainment Group said fourth-quarter profit surged 43% as ticket and concession sales recovered from a midyear box-office slump.
Net income for the period ended Dec. 29 rose to $35.1 million, or 23 cents a share, from $24.5 million, or 16 cents, a year earlier, Knoxville, Tenn.-based Regal said. Revenue advanced 3.9% to $668.2 million.
Regal, controlled by billionaire Philip Anschutz, boosted sales in a quarter featuring “King Kong” and “The Chronicles of Narnia” and after changing drink sizes and eliminating smaller products last year.
Regal shares rose 10 cents to $18.49.
The biggest entertainment stories
Get our big stories about Hollywood, film, television, music, arts, culture and more right in your inbox as soon as they publish.
You may occasionally receive promotional content from the Los Angeles Times.
