secwatch.observer — SEC 8-K summary
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Issuer:     MARCUS CORP (MCS)
CIK:        0000062234
Form:       8-K
Filed at:   2024-05-02T23:59:59+00:00
Accession:  0000062234-24-000025
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/62234/000006223424000025/0000062234-24-000025-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/62234/000006223424000025/mcs-20240502.htm
  HTML page:      https://secwatch.observer/filing/0000062234-24-000025

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