AMC Entertainment Already Won This Summer
It's been a hot summer for the corner multiplex, and that's naturally welcome news for AMC Entertainment (NYSE: AMC). Exhibitors are fresh from scoring a post-pandemic weekend record, but it's easy to be concerned. There are no more Marvel movies coming out until November, and there is no obvious summer blockbuster in the pipeline to bring this turnaround season home.
Don't panic. Everything is going according to plan. AMC and its fellow theater operators will be just fine. The summer of 2022 has already been won. The multiplex chains may face challenges on Wall Street for their valuations and their stubborn debt levels as we head into a climate of rising borrowing costs, but they've already nailed the renaissance.
Image source: Getty Images.
Source Fool.com
