Marcus Corp Q2 revenue up 4.3% to $207M; EPS rises 45.8% to $0.35

MARCUS CORP

Operating income grew 10.1% to $20.8M; net earnings up 50.3% to $13.5M.
Marcus Theatres revenue up 5.7% to $136.9M; operating income up 20.7% to $19.8M.
Hotels segment revenue (excl. sold property) up 7.2% to $60.4M; RevPAR improved at all owned hotels.
Q2 driven by strong film slate including Super Mario Bros.; early Q3 boosted by 'Barbenheimer'.
Pfister Hotel undergoing $20M multi-phase renovation; Grand Geneva completed guest room renovation.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

MARCUS CORP reported second quarter ended June 29, 2023 results: revenue $207.0 million, net income $13.5 million, EPS $0.35.

Period: second quarter ended June 29, 2023
Revenue: $207.0 million
Net income: $13.5 million
EPS: $0.35
Result: reported results

Exact text from the filing

Total revenues for the second quarter of fiscal 2023 were $207.0 million, a 4.3% increase from total revenues of $198.6 million for the second quarter of fiscal 2022. • Operating income was $20.8 million for the second quarter of fiscal 2023, a 10.1% increase from operating income of $18.9 million for the prior year quarter. • Net earnings was $13.5 million for the second quarter of fiscal 2023, a 50.3% increase from net earnings of $9.0 million for the same period in fiscal 2022. • Net earnings per diluted common share was $0.35 for the second quarter of fiscal 2023, a 45.8% increase from net earnings per diluted common share of $0.24 for the second quarter of fiscal 2022.

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Source: SEC EDGAR

accession 0000062234-23-000043

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