RE: Some numbers - importance of Marvel et al31 Dec 2021 13:33
We now have fair bit of numbers/stats to give us a pointer of what to expect from H2 2021 for Cineworld and the wider Cinematic industry.
Vastly improved from last 18months with still work to do.
From company's latest release 2021 Box Office AND Concessions revenue as % 2019:
Group, US, UK & Ire, ROW
JULY 50, 45, 54, 79
Aug 54,45,76,70
Sept 60,54,72,78
Oct 90,80,127,84
From Box Office Mojo box office ONLY 2021 as % of 2019 for entire industry:
US, UK
July 45,39
Aug 50,69
Sept 53, 63
Oct 80,124
Nov 55,68
Dec * 75- 80, 62+
* Some numbers yet to filter through for more accurate %
From this I have noted US B.O.M and Cine numbers roughly tie for July - Oct so not unreasonable to expect similar November and December.
UK Cine figures consistently higher by some % points (possibly due at least in part to higher concessionary spend per person in particular in UK).
ROW more difficult to get details and possibly not worth effort considering share of company's revenues from area.
From memory company was targeting c. 90% of 2019 levels by Q4/year end.
I think October and December were/will for group be at or very near (little under that).
November bit weaker.
The whole Q4 when also considering as yet unquantified cost reductions, mix per company/region of premium ticketing, possibility of improved or worsening share of market (don't think anything out there to suggest any material change on this one) is reasonable likely to come in near (very near) but little under (IMHO) the company base case 90%
Close enough under or over to not matter particularly and basically company overall about on target.
Results day will confirm for sure where we are.