earnings
confidence high
sentiment positive
materiality 0.80
Marcus Corp Q2 revenue $198.6M (+114.5% YoY); EPS $0.24 vs -$0.76; dividend reinstated
MARCUS CORP
- Net earnings of $9.0M vs loss of $23.4M YoY; operating income $18.9M vs loss of $26.1M.
- Adjusted EBITDA of $37.3M vs -$1.2M in Q2 2021; both theatre and hotel divisions positive.
- Board reinstates quarterly cash dividend of $0.05 per share, payable Sept 15, record Aug 25.
- Cash & revolver availability $279.6M; repaid $46.6M term loan due Sept 2022 with operating cash flow.
- Marcus Theatres outperformed industry by 2.6 percentage points vs pre-pandemic Q2 2019 per Comscore.