The most important roundup of news for AMC July 3 2021

1. Adam Aron advertises free popcorn and a new “buy 2, get 1 free” ticket offer!
2. AMC finally gets awesome, honest coverage from Yahoo concerning AMC’s ever-improving outlook and fundamentals.

One of the industry’s largest exhibitors, AMC (AMC), added to theatrical optimism after revealing on Monday that chains across the U.S. secured their busiest weekend since theaters shut down in March 2020 — with 2 million guests visiting AMC locations nationwide.

AMC has been a hot topic of conversation amid the meme stock trading frenzy, with many analysts casting doubt on the company’s fundamentals with the stock skyrocketing over 2,500% year-to-date.

But separate data backs up AMC’s recovery story.

According to foot traffic analytics platform Placer.ai, monthly visits to AMC cinemas across the U.S. have shown steady improvement.  Visits were down 68.5% in May compared to May 2019 — a slight uptick from April when the visit gap stood at 70% and a significant boost compared to January when visits were still down over 80%.  

More blockbusters are expected throughout the summer, with “Black Widow” making its domestic debut in July.  Box office analysts anticipate ticket sales will continue to improve as more films come to market.