Saturday, July 30, 2016
Redbox CFO Expects Q3 to Be Company's Weakest of the Year
With a third-quarter (ending Sept. 30) box office projected to be 46% lower in revenue than the prior-year period, including eight fewer theatrical releases, Redbox is expecting a negative impact on its current Q3 financials, Galen Smith, CFO of parent Outerwall, said on the kiosk vendor’s July 30 fiscal call.
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