earnings
confidence high
sentiment positive
materiality 0.80
Marcus Corp Q3 revenue $208.8M (+13.7%), EPS $0.32 (+220%) on strong movie slate and hotel demand
MARCUS CORP
- Net earnings $12.2M ($0.32 diluted EPS) vs $3.3M ($0.10) a year ago; operating income $20.9M up 134%.
- Marcus Theatres revenues $126.6M (+25%), attendance +15.6% on 'Barbenheimer' and 'Sound of Freedom'.
- Marcus Hotels RevPAR up at 6 of 7 owned hotels, group booking pace ahead for FY2023 and FY2024.
- New $225M 5-year revolving credit facility signed Oct 16, 2023, maturing Oct 2028; liquidity $256.7M.
- Adjusted EBITDA $42.3M (+51.9%); Q4 off to strong start with Taylor Swift concert film and upcoming releases.