MadVillainy
C'mon Son
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The first one was released early on in the year, where there wasn't a lot of competition. That's quite different from trying to release it in the middle of the summer blockbuster season. Heck even WB and Marvel have started releasing their CBM's at different times of the year (and spreading them out) for precisely that reason.
June is a terrible month to release Kingsman. The film played on being the main and only real action film early in the year. It will be competing with too many blockbusters and get lost in the shuffle. August 2017 is currently an empty spot with the only notable film of that month Pacific Rim, and it is tentatively there (very much doubt the film is going to be made atp).
Bingo
I agree with all of this, but Kingsman will also have a lower budget than these movies and need less to make a profit, I do think there are better places for it to be released but the movie has plenty of fans now.
But the fans might have their money tied up in other things. Summer and the holidays are when people spend the most money. And that's not just movies. Kingsman made a lot of money not only because it was seen as good to other people, but it was the only action movie for almost a month, I think until Chappie came out.
ANd Id bet money that the budget would be higher for the sequel. The first one had a reported budget of 80 mill.
Without the space to have some legs, I'd be surprised if Kingsman makes as much as the previous one.