Want to join the conversation?
Internationally, $CNK opened 3 theaters and 20 screens and closed 1 theater with 9 screens during 1Q16. As of 1Q16-end, the company had signed commitments to open 7 new theaters and 51 screens during 2016 and anticipates spending around $31MM in CapEx for these openings. For 2016, $CNK expects to spend $300-325MM in CapEx.
The latest earnings report by $VZ shows how it is losing customers despite offering the unlimited data plans, a record for the company.
$BEBE is closing down all its stores by the end of May.
$WFC agreed to hike its payout in a class-action settlement over unauthorized accounts by $32 million to $142 million for its retail sales practices. The settlement will now include customers who were impacted as early as May 2002.