Cinemark, AMC Stock: U.S. Box Office Doubles, Still Down 60% from 2019

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The Street

By Daniel Kline Recovery is relative when it comes to the future for AMC, Cinemark, and other theater chains. Recovery can be relative. If, for example, you have a long-term illness and feel 100% better than you did a year ago, but 60% worse than before you got sick, well, your recovery is relative. That’s what has happened to the U.S box office. The theatrical business has doubled year-over-year, but it’s still 60% below where it was in 2019. Call that good news which needs to be viewed through the proper perspective. Some recovery beats no recovery but questions as to whether we’ll ever see …

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