AMC Leisure CEO Adam Aron addressed the theater chain’s struggling inventory value in an announcement to shareholders Friday, acknowledging the “distressing” decline.
“As AMC’s largest particular person shareholder, and never having bought even one AMC share on the NYSE since January of 2022 about 4 years in the past, I personally and profoundly have felt the ache of AMC’s falling share value,” Aron wrote in a publish on X. “And from studying your many feedback on X/Twitter, I do know it’s ever so distressing to so a lot of you as properly.”
Aron mentioned he has been suggested to not touch upon the share value because of his position, however famous that AMC has been taking motion to enhance its enterprise.
“It is best to take consolation in listening to that at AMC, we’ve got not been sitting by idly doing nothing,” Aron added. “On the contrary, we aggressively have been taking motion after motion after motion to please our company, to enhance the attraction of our theatres, to extend our market share, to drive extra revenues and to chop extra prices.”
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