AMC Theaters warns of ‘substantial doubt’ about future as pandemic fallout continues
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AMC Theaters is warning investors about its incredibly uncertain future as financial fallout from the pandemic continues, blatantly stating that “substantial doubt exists about our ability to continue as a going concern for a reasonable period of time.”
A new 8-K filing arrived ahead of AMC Theaters’ upcoming earnings call next week, and it wasted no time going over the disastrous situation the company has found itself in. The filing comes with a long list of ways that AMC Theaters, the largest theater chain in the United States, is trying to stay afloat, but it acknowledged that the pandemic makes the future more uncertain than ever before. The theater chain already carried a massive debt load of approximately $5 billion by the end of...
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