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Fly News Breaks for August 5, 2019
CNK
Aug 5, 2019 | 14:48 EDT
Barrington analyst James Goss said Cinemark is outperforming "like clockwork," noting that the company's domestic admission revenues outperformed the industry box office trend in the second quarter for the 37th time over the past 42 quarters. Meanwhile, concession revenues per patron had their 50th consecutive quarter of year-over-year gains, said Goss, who keeps an Outperform rating and $49 price target on Cinemark shares.
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