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Stock impact report

AMC is poised to ride the box office rebound, as long as its debt doesn't get in the way [CNBC]

B. Riley Financial, Inc. (RILY) 
NASDAQ:AMEX Investor Relations: ir.brileyfin.com/investor-relations
Company Research Source: CNBC
The company has more than $4 billion in long-term debt on the books and interest payments weigh heavily on its bottom line. But, AMC is taking strides to improve its revenue and coax lapsed moviegoers back into its theaters with premium screens and specialty popcorn buckets. The domestic box office is on the rebound, having posted its highest third-quarter ticket sales since the pandemic. The world's largest movie theater chain, however, isn't on such solid footing. AMC operates around 900 theaters and 10,000 screens globally, a larger footprint than its chief rivals Cinemark and Regal. Yet it's struggled with a hefty debt load, even before the pandemic, that may be preventing the company from fully capitalizing on the theater industry's revival. CEO Adam Aron, who took the company's helm in 2015, spent much of his early days in the job acquiring other chains and outfitting existing theaters with luxury seating. By the time the Covid pandemic shuttered theaters and shut down Show less Read more
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