IPic Entertainment Inc. Announces Preliminary Sales Results for the Fourth Quarter and Full Year Ended December 31, 2018; Provides Financial Guidance for the Year Ending December 31, 2019
For the year, the company reported total revenue of $143.0 million to $144.0 million against previous guidance of $141 million to $143 million. Comparable-store sales growth of 1.6% to 2.0% against previous guidance of 0.0% to 1.0%.
For the year ending December 31, 2019, the company expects total revenue of $153 million to $158 million, representing an approximately 7% to 11% increase above preliminary total revenue in 2018. Comparable-store sales growth of low-to-mid single digits.