2024-07-03 10:44:44 ET
Summary
- AMC Entertainment had its highest-grossing weekend of FY 2024 in June with Inside Out 2 and Bad Boys: Ride or Die doing very well.
- Recent surge in AMC Entertainment's share price, however, is not supported by business fundamentals.
- AMC Entertainment continues to struggle with overall weak attendance post-COVID (June numbers aside) and the business model is highly unprofitable.
AMC Entertainment ( AMC ) reported in June that it had its highest grossing weekend of FY 2024 in the U.S. and worldwide due to the strong cinematic performance of Inside Out 2 and Bad Boys: Ride or Die. However, AMC Entertainment continues to struggle financially, and the company is not yet capable of generating positive operating or net income....
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AMC Entertainment: Your Chance To Get Out