Cineplex Posts Profit Miss In Q2 On Attendance Drop

Cineplex, Inc. (OTCPK:CPXGF) Q2 2017 Results Earnings Conference Call.

I would like to turn the conference over to Miss Pat.

A 2.2% drop in attendance,

TORONTO – Shares of Cineplex Inc. (TSX:CGX) fell Wednesday after the company reported a drop in second-quarter profit compared with a year ago as fewer people filled its theatres.

Shares of Cineplex Inc. fell Wednesday after the company reported a drop in second-quarter profit.

Cineplex reports $1.4-million Q2 profit,

while attendance.

TORONTO — Shares of Cineplex Inc. (TSX:CGX) fell Wednesday after the company reported a drop in second-quarter profit compared with a year ago.

up from $166.7 million, while attendance slipped to 1.

.

Look for downside risk amid strong U.S. Q2.

reported a much better-than-expected quarterly profit,

Cineplex posts profit miss in Q2 on attendance drop;

The timeline presents the attendance figures at Cineplex from 2010 to 2017. In 2017, 70.4 million people attended movies at the Canadian movie theater chain, down from 74.6 million visitors a year earlier.

Declining attendance is not the only story playing out for Cineplex.

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It seems likely that CHDN will post a solid Q2, given that this year’s Derby Week saw record-breaking attendance.

miss (see CZR’s purchase of Playtika, a steal, or ZNGA’s disastrous acquisition of.

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The company had a market capitalization of about $118 million as of Wednesday afternoon. "We are rapidly growing U.S. sales with a direct sales force; in Q2 2017 sales were up 240 percent over the pri.

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