Cinemark Delays Filing Quarterly Report Due to Coronavirus Pandemic
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variety.comBy Dave McNary Film Reporter Movie theater chain Cinemark Holdings will delay reporting its first-quarter earnings due to the coronavirus pandemic, which has closed down its 345 venues in the U.S.
Texas-based Cinemark, the third-largest U.S. chain after AMC and Regal, made the disclosure on Friday in an 8-K filing with the Securities and Exchange Commission.
It plans to report its earnings no later than June 12. “The COVID-19 pandemic has had an unprecedented impact on the Company’s business and operations,” the filing said. “Among measures we have taken to endure the impact of the pandemic, we have furloughed 50% of our headquarter employees and reduced the work hours of the remaining employees due to a 50% pay reduction.
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