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Benzinga

Business

Anusuya Lahiri

Cinemark Posts Record Food And Beverage Sales, Outpaces Industry Recovery

Cinemark

Cinemark Holdings (NYSE:CNK) reported second-quarter results on Friday. The company registered quarterly earnings per share of 63 cents, compared with the analyst consensus estimate of 79 cents. Quarterly sales of $940.5 million (up 28.1% year over year or Y/Y) missed the street view of $958.2 million.

Total adjusted EBITDA increased to $232.2 million from $142.1 million in the year-ago period, marking its highest post-pandemic quarterly adjusted EBITDA. The adjusted EBITDA margin in the quarter under review was 24.7%.

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