Spend per user rises at Cineworld

The number of bums on seats continued to decline at cinemas operator Cineworld in the second half of 2012, with the Olympics proving a tempting distraction to many cinema goers, but increased ticket prices ensured the top line did not dip too much.

The number of bums on seats continued to decline at cinemas operator Cineworld in the second half of 2012, with the Olympics proving a tempting distraction to many cinema goers, but increased ticket prices ensured the top line did not dip too much.

Total revenues in the 19 weeks from June 29th were down 1.4% year-on-year. Box office takings were down 0.2%, but retail sales - popcorn, ice cream and colas the size of a block of flats - were flat year-on-year.

Subscribe to MoneyWeek

Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Get 6 issues free
https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748.jpg

Sign up to Money Morning

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Sign up
MoneyWeek

MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.