AMC kicked off its Walmart popcorn partnership earlier this year at "hundreds" of the retail giant’s stores.
AMC Entertainment Holdings Inc. is set to sell its branded popcorn at 2,600 Walmart Inc. stores across the U.S.
On Sunday AMC AMC CEO Adam Aron gave an update on the movie theater chain and meme stock darling’s push to sell its popcorn in grocery stores. AMC announced its partnership with Walmart WMT earlier this year, with the popcorn initially available at “hundreds” of the retail giant’s stores ahead of the Academy Awards on March 12.
However, last year Wedbush analyst Alicia Reese said that AMC should avoid “distractions” like credit cards and popcorn and dive deeper into IMAX.The movie-theater chain has been on a roller-coaster ride over the past two years that took it from beleaguered pandemic victim to meme-stock phenomenon. AMC used the steep rise in its share price to tap into equity and debt markets, raising $917 million in January 2021.
AMC is also looking to resolve its proposed conversion of AMC Preferred Equity units APE into common stock.
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