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IPIC® Entertainment Announces First Quarter 2019 Results

Ipic Entertainment, Inc CL A (IPIC)  More Company Research Source: GlobeNewswire
PDF BOCA RATON, Fla., May 20, 2019 (GLOBE NEWSWIRE) -- IPIC® Entertainment Inc. (“IPIC” or the “Company”) (NASDAQ: IPIC), creators of America’s coveted IPIC® luxury theater-and-restaurant destinations, today reported financial results for the first quarter ended March 31, 2019. The Company also reiterated its four key strategic initiatives designed to create long-term value for stockholders. Hamid Hashemi, Founder & Chief Executive Officer of IPIC® Entertainment, commented, “Although the industry surprised us all with an even slower-than-expected start to the year, we are pleased with the effectiveness of our Q1 cost control efforts. In fact, both our food and beverage margins and our theater margins improved as a percentage of their applicable revenue, which protected our bottom-line from a potentially more severe deleverage impact. Looking ahead, we are poised to take full advantage of the strong film offerings for the balance of 2019 with these key cost initiatives firmly entrenched [Read more]
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