Cinemark sets a box office record for May amid a spike in movie enthusiasm

[Exterior of Cinemark Paradise 24 movie theater with Egyptian theme - Davie, Florida, USA]
Holly Guerrio

Cinemark Holdings (CNK [https://seekingalpha.com/symbol/CNK]) announced that it delivered its highest-ever domestic box office performance for the month of May amid strong moviegoer enthusiasm and a well-balanced slate that included blockbusters, breakout mid-tier content, and strong holdovers.

The movie theater operator noted that the month was marked by exceptional audience turnout with robust demand for varied films, including _Michael_, _The Devil Wears Prada 2,_ _Mortal Kombat II_,_ The Sheep Detectives_, _Star Wars: The Mandalorian and Grogu,_ _Obsession_, and _Backrooms_, which delivered Cinemark’s biggest horror opening day of all time.

Apart from the strong box office month, Cinemark (CNK [https://seekingalpha.com/symbol/CNK]) also achieved its highest-ever food and beverage spending per capita for the month of May.

“We are proud to have achieved an all-time high May box office, driven by a compelling slate of releases from our studio partners, strong moviegoer demand for larger-than-life, cinematic experiences, and our team’s outstanding execution to maximize the opportunity,” said Sean Gamble, Cinemark President and CEO.

"The sustained box office momentum we have seen year-to-date reflects the impact and importance of a healthy, well-balanced release cadence of compelling films. Audiences are showing up for a wide range of content, with particular strength in younger moviegoers, resulting in impressive performances across blockbusters and varied small- to mid-tier titles," updated Cinemark (CNK [https://seekingalpha.com/symbol/CNK]) CEO Sean Gamble.

Shares of Cinemark (CNK [https://seekingalpha.com/symbol/CNK]) are up more than 20% on a year-to-date basis.

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