A very strong trading update from Cineworld this morning covering the first 19 weeks of the year. We were estimating 18% sales growth but the company has announced 21%, of which c.10% was LFL. As we highlighted at the start of the year, the impressive metrics announced this morning reflect the strength of the film slate in H1. We should, however, flag that comps get much stiffer over July-Oct and thus industry momentum is likely to slow over summer and early autumn before Star Wars VIII Dec rele ....
18 May 2017
N+1 Singer - Cineworld Group - Cracking trading update and upgrades, but largely priced in
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
N+1 Singer - Cineworld Group - Cracking trading update and upgrades, but largely priced in
A very strong trading update from Cineworld this morning covering the first 19 weeks of the year. We were estimating 18% sales growth but the company has announced 21%, of which c.10% was LFL. As we highlighted at the start of the year, the impressive metrics announced this morning reflect the strength of the film slate in H1. We should, however, flag that comps get much stiffer over July-Oct and thus industry momentum is likely to slow over summer and early autumn before Star Wars VIII Dec rele ....