secwatch.observer — SEC 8-K summary
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Issuer:     MARCUS CORP (MCS)
CIK:        0000062234
Form:       8-K
Filed at:   2024-08-01T23:59:59+00:00
Accession:  0000062234-24-000044
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Marcus Corp Q2 net loss $20.2M; rev down 15%; repurchases $86.4M notes, issues $100M debt
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- Total revenues $176M, down 15% YoY from $207M; operating income fell to $2.2M from $20.8M.
- Net loss $20.2M ($0.64/share) vs prior-year net income $13.5M ($0.35); adjusted net loss $5.2M ($0.17).
- Marcus Hotels revenues $63.8M (+5.6% YoY), RevPAR up 6.5%; occupancy neared pre-pandemic level.
- Marcus Theatres revenues $101.5M (-26% YoY) due to Hollywood strikes; June momentum from Inside Out 2.
- Repurchased $86.4M of convertible notes; issued $100M senior notes (6.89%/7.02%) to refinance; $13.6M notes remain.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/62234/000006223424000044/0000062234-24-000044-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/62234/000006223424000044/mcs-20240801.htm
  HTML page:      https://secwatch.observer/filing/0000062234-24-000044

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