1414 ET - Cinemark is still facing some cost headwinds to its profitability that could undercut the benefits of a stronger box office this year. The movie-theater chain expects to incur higher repair and maintenance costs in 2025 as it addresses some deferred maintenance needs across the chain, CFO Melissa Thomas says on a call with analysts. The company also expects its film rental rates to increase from last year given that there will be a greater concentration of blockbuster movies, the CFO says. Cinemark is projecting some modest increases in its overhead costs as it brings on more staff and makes targeted investments. (dean.seal@wsj.com)
(END) Dow Jones Newswires
February 19, 2025 14:14 ET (19:14 GMT)
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