The nation's largest movie exhibitor reported a decline in quarterly profit to
Revenue for the quarter that ended
Admissions revenue was up 4 percent to
Revenue for the year set a record at
The fourth quarter was driven primarily by income from sales of premium shows, she said. That differs from the same quarter a year ago when it was a result of strong attendance.
"An increase in premium ticket sales helped mitigate but couldn't offset a decline in attendance," she said during an earnings call with analysts Thursday.
The company expects to see positive results from its large format theaters like
"We want to emphasize how happy we are that our strategic operational execution yielded record results for our shareholders in 2013," she said.
Miles also pointed to a diverse film slate for 2014, which includes movies like "Divergent," "
Regal also said it would pay a cash dividend of
Regal ended the quarter with 580 theaters and 7,394 screens.
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