Marcus Corp Q2 net loss $0.76 per share; revenues $92.5M; positive cash flow in June

MARCUS CORP

Net loss per diluted share $0.76 vs $0.89 loss in prior year; adjusted net loss per share $0.67 vs $1.40.
Total revenues $92.5M, compared to $7.9M in pandemic-disrupted Q2 fiscal 2020.
Adjusted EBITDA loss narrowed to $1.2M from $30.0M; company achieved positive cash flow in June 2021.
97% of Theatres open; outperformed industry box office by ~4 percentage points vs pre-pandemic levels.
Liquidity of $210M (cash and revolver); term loan balance reduced to $50M, maturity extended to Sep 2022.

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