earnings
confidence high
sentiment positive
materiality 0.85
Marcus Corp reports record Q3 revenue $232.7M, net earnings +90.6% to $23.3M; both divisions hit records
MARCUS CORP
- Total revenues $232.7M (+11.4% YoY); operating income $32.8M (+56.6%); diluted EPS $0.73 vs $0.32.
- Marcus Theatres: revenue $143.8M (+13.6%), attendance +7.1% at same stores, outperformed industry by 5.7pp.
- Marcus Hotels: revenue $79.0M (+9.6%), RevPAR +9.8%, outperformed industry by 8.4pp; group bookings ahead.
- Repurchased ~693k shares for $9.7M in Q3; retired $99.9M convertible notes; issued $100M senior notes @6.89%/7.02%.
- Record Q3 for company and both divisions; Adjusted EBITDA $52.3M record, +23.5%.