Regal Entertainment Beats Quarterly Earnings Expectations

Courtesy of AEG
Regal CEO

Amy Miles, CEO of the giant theater chain, says she is "optimistic" about the current quarter.

Regal Entertainment Group earned an adjusted 36 cents per share in the second quarter, up from 25 cents a year ago as revenue rose 17 percent to $842.3 million.

Regal had been expected to earn 33 cents a share on $839 million revenue.

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Revenue from admissions rose 15 percent to $571 million while concessions revenue was up 18 percent to $227.7 million.

Amy Miles, CEO of Regal, which operates the nation's largest chain of movie theaters, called the second-quarter box-office environment "healthy." Hit movies during the quarter ending June 30 included Iron Man 3, Man of Steel and Monsters University.

Despite some high-profile flops of late, said she is "optimistic" about the current quarter.