Regal Entertainment Group (RGC), a motion picture exhibitor, Thursday reported a loss for the third quarter, reflecting lower concession and admission revenues, higher interest expense and a debt extinguishment charge.
Net loss attributable to controlling interest was $1.8 million or $0.01 per share, compared to a net income of $31.0 million or $0.20 per share in the previous year. Results for the recent quarter include loss on debt extinguishment, net of tax, of $4.5 million and net loss on disposal and impairment, net of tax, of $4.4 million.
On an adjusted basis, net income was $7.1 million or $0.05 per share, compared to $38.0 million or $0.25 per share in the previous year.
On average, 17 analysts polled by Thomson Reuters expected the company to report earnings of $0.07 per share for the quarter. Analysts' estimates typically exclude special items.
Total revenues for the quarter declined to $673.5 million from $757.6 million last year. Analysts estimated revenues of $701.79 million for the quarter.
Revenues from admissions declined to $463.4 million from $516.8 million in the previous year. Revenues from concessions declined to $182.6 million from $209.6 million last year. Other operating revenues declined to $27.5 million from $31.2 million a year ago.
General and administrative expenses increased to $17.1 million from $15.5 million in the previous year. Interest expense rose to $40.3 million from $29.9 million last year. The company reported a loss on debt extinguishment of $7.4 million for the quarter.
For the nine-month period, net income declined to $60.0 million or $0.39 per share from $82.8 million or $0.53 per share in the same period of the previous year. Total revenues for the period increased to $2.13 billion from $2.06 billion last year.
The company also declared a cash dividend of $0.18 per Class A and Class B common share, payable on December 17, 2009, to stockholders of record on December 9, 2009.
RGC closed Thursday's regular trading at $11.96, up 0.57 or 5.00%, on a volume of 1.87 million shares on the NYSE. In after hours, the stock further gained 0.04 or 0.33%, trading at $12.00.
For comments and feedback contact: editorial@rttnews.com
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.