As anticipated an in line trading update from Cineworld this morning, which should go some way to reassuring investors about the full year outcome given weak industry data for Q3. Sales growth YTD is reported at c11%, which is marginally below our full-year working assumption of 14%. However, management, like us, expect a strong final 6 weeks of the year given weak comps and a strong film slate which includes the top blockbuster – Star Wars VIII. Accordingly, it is guiding to no change to the fu ....
23 Nov 2017
N+1 Singer - Cineworld Group - On track to deliver double-digit EPS growth for the year
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N+1 Singer - Cineworld Group - On track to deliver double-digit EPS growth for the year
As anticipated an in line trading update from Cineworld this morning, which should go some way to reassuring investors about the full year outcome given weak industry data for Q3. Sales growth YTD is reported at c11%, which is marginally below our full-year working assumption of 14%. However, management, like us, expect a strong final 6 weeks of the year given weak comps and a strong film slate which includes the top blockbuster – Star Wars VIII. Accordingly, it is guiding to no change to the fu ....