11/08/17

How to Profit From This “Millennial” Crisis



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How to Profit From This "Millennial" Crisis
// Silver For The People

caseyresearch.com / By Justin Spittler, editor, Casey Daily Dispatch / August 10 2017

AMC Entertainment Holdings (AMC) is in big trouble.

AMC is the second-largest movie theater company in the U.S. It operates more than 1,000 theaters nationwide.

For years, it was a great business. But those days are over.

Last Wednesday, management said its box office sales fell 4.4% last quarter.

It also warned of a larger-than-expected loss for the second quarter. It blamed the bad results on weak "industry box office trends."

In other words, people aren't going to the movies much right now.

It doesn't look like business will pick up anytime soon, either. After all, AMC only did $792 million in sales last month. That's the company's worst revenue figure for July in roughly a decade.

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The post How to Profit From This "Millennial" Crisis appeared first on Silver For The People.


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