Main Event Entertainment Group Reports 28% Growth In Revenues

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Main Event Entertainment Group is reporting 28% growth in revenues for the nine months ended July 31, 2019, compared to the corresponding period last year.

Revenues rose from $1.1 billion to $1.4 billion.

Chief Operations Officer Richard Bair, says revenue growth was driven by their sustained thrust to diversify the company’s core income stream.

He says with respect to the M Style experience, their presence in the west and the M Academy project have been material contributors to this growth.

$268 million in revenues and another $4.2 million in other income are attributable to these newer products and offerings.

Gross profits have also grown 18%, to over $603 million.

Net profits for the nine months were $108 million, up 2% over last year.

Operating and administrative expenses are up 25%, to nearly $100 million, as more material increases have occurred in depreciation charges, salaries and related costs, transportation expenses, property related costs and office expenses.




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