Marcus Q1 results weaken: revenue down 9%, net loss widens to $0.38/share, EBITDA slumps

MARCUS CORP

Total revenues $138.5M, down 9% YoY from $152.3M; operating loss $16.7M vs $9.0M loss.
Net loss $11.9M ($0.38 per diluted share) vs $9.5M ($0.31) in prior year quarter.
Adjusted EBITDA fell to $2.3M from $9.5M; Hotels RevPAR up 2.1%, Theatres revenue down 16% to $81.3M.
Hollywood strike impact on film slate cited; expects improvement in fall. Hotels group business growing, including RNC in Milwaukee.
Balance sheet: $237.4M in cash and credit availability.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

MARCUS CORP reported first quarter fiscal 2024 ended March 28, 2024 results: revenue $138.5 million, net income Net loss was $11.9 million, EPS Net loss per diluted common share was $0.38.

Period: first quarter fiscal 2024 ended March 28, 2024
Revenue: $138.5 million
Net income: Net loss was $11.9 million
EPS: Net loss per diluted common share was $0.38
Result: reported results

Exact text from the filing

on the horizon this summer with an improving film slate expected this fall.” First Quarter Fiscal 2024 Highlights • Total revenues for the first quarter of fiscal 2024 were $138.5 million, a 9.0% decrease from total revenues of $152.3 million for the first quarter of fiscal 2023. • Operating loss was $16.7 million for the first quarter of fiscal 2024, compared to

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Source: SEC EDGAR

accession 0000062234-24-000025

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