Revenue during the quarter grew 16.36 percent to $209.73 million from $180.24 million in the previous year period. Gross margin for the quarter expanded 90 basis points over the previous year period to 61.88 percent. Total expenses were 96.16 percent of quarterly revenues, down from 98.45 percent for the same period last year. This has led to an improvement of 228 basis points in operating margin to 3.84 percent.

Operating income for the quarter was $8.05 million, compared with $2.80 million in the previous year period.

However, the adjusted EBITDA for the quarter stood at $32.74 million compared with $20.10 million in the prior year period. At the same time, adjusted EBITDA margin improved 446 basis points in the quarter to 15.61 percent from 11.15 percent in the last year period.

"Carmike's third quarter operating revenue growth reflects the ongoing success of our theatre-level initiatives and strategies from both theatre acquisitions and organic growth, combined with the support of a favorable U.S. box office environment. While average ticket prices increased modestly versus the prior year period, third quarter 2016 attendance growth of 13% generated a 16% rise in operating revenues, as well as a 187% increase in operating income, resulting in adjusted EBITDA and theatre level cash flow growth of approximately 63% and 49%, respectively," stated David Passman, Carmike Cinemas' president and chief executive officer.