AMC's Reopening Plans Face Reality Check

Earlier this month, AMC Entertainment (NYSE: AMC) announced its plans to reopen virtually all of its 1,000 theaters around the globe in July. AMC's quarterly generally accepted accounting principles (GAAP) revenue fell by about 22% versus a year ago, from $1.2 billion to $941.5 million. Management's decision to allow people back to patronize its movie theaters should help AMC's third-quarter revenue.