While the coveted golden statuettes are changing hands at the Academy Awards Sunday, consider profits coming from where those awardees' works are shown: movie-houses.
This year's "Oscar" goes to Cinemark Holdings Inc. (CNK) . Fourth-quarter admission sales rose 4.5%. Concession revenues popped 10%, the 44th straight quarter of year-over-year growth, says analyst James Goss of Barrington Research. A new loyalty program launched in the quarter racked up 120,000 members in 80 days.
Cinemark's stock price this year: up a cool 19%.
For the industry overall in 2018, business is booming. Domestic box office sales are up 11% year over year, according to industry researcher Box Office Mojo.