VIP+ Analysis: Blockbuster movies and record-breaking tours spiked consumption all summer. Can the magic last through the winter?
at AMC Theatres raked in a whopping $26 million and set a single-day ticket sale record at the chain. It is expected that the movie’s run could be extended as a result of the strong demand from fans.
Furthermore, Q4 is the important holiday season for the retailer. Barbie doll sales over that key season could be a meaningful contributor to the company’s top line during the quarter. Though as Mattel CEO Ynon Kreiz noted at Goldman Sachs’ Communacopia conference last week, the reverberations from the movie will last much longer. “It’s not just about the quarter or the year,” he said. “And we believe the benefit will carry forward for years to come.
in July it no longer expects a recession in the U.S. following economic data showing a resilient economy. While there has been some moderation in growth, the U.S. economy is still very much in expansion mode.
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