Marcus Corp

NYSE:MCSUnited States

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• -- Earnings Flash (MCS) THE MARCUS CORPORATION Posts Q1 Revenue $138.5M, from 1 hour ago by MT Newswires

  1 hour ago by MT Newswires
  Companies Mentioned: MCS
  07:45 AM EDT, 05/02/2024 (MT Newswires) -- ...

• The Marcus Corporation Reports First Quarter Fiscal 2024 Results, from 1 hour ago by Business Wire

  1 hour ago by Business Wire
  Companies Mentioned: MCS

  The Marcus Corporation (NYSE: MCS) today reported results for the first quarter fiscal 2024 ended March 28, 2024.

  "Marcus Hotels & Resorts led our results for the quarter as our group business continued to grow significantly. As we head into the summer travel and convention season in our markets, we are well positioned to capture both leisure and group business across our portfolio, particularly at our newly renovated properties," said Gregory S. Marcus, chief executive officer of The Marcus Corporation. "As anticipated, the shutdown in movie production due to the 2023 Hollywood labor strikes resulted in a weaker film slate that negatively impacted Marcus Theatres' first quarter fiscal 2024 results. While we expect the impact from the strikes to continue in the second quarter, there are a number of exciting films on the horizon this summer with an improving film slate expected this fall."

• The Marcus Corporation Reports First Quarter Fiscal 2024 Results, from 1 hour ago by Dow Jones

  1 hour ago by Dow Jones
  Companies Mentioned: MCS
  Restricted cash 3,295 4,249 Accounts receivable 13,425 19,703 Assets held for sale 2,980 -- Other current assets 24,589 22,175 Property and equipment, net 678,198 682,262 Operating lease right-of-use assets 173,068 179,788 Other assets 105,322 101,337 --------- ----------- Total Assets $1,018,135 $ 1,065,103 ========= =========== Liabilities and Shareholders' Equity: Accounts payable $ 29,574 $ 37,384 Taxes other than income taxes 15,785 18,585 Other current liabilities 69,603 80,283 Current portion of finance lease obligations 2,602 2,579 Current portion of operating lease obligations 14,061 15,290 Current maturities of long-term debt 10,273 10,303 Finance lease obligations 12,129 12,753 Operating lease obligations 172,985 178,582 Long-term debt 159,506 159,548 Deferred income taxes 25,311 32,235 Other long-term obligations 46,988 46,389 Equity 459,318 471,172 --------- ----------- Total Liabilities and Shareholders' Equity $1,018,135 $ 1,065,103 ========= =========== THE MARCUS CORPORATION Business Segment Information (Unaudited) (In thousands) Hotels/ Corporate Theatres Resorts Items Total -------- -------- ----------- ----------- 13 Weeks Ended March 28, 2024 Revenues $81,270 $57,197 $ 80 $138,547 Operating loss (5,739) (5,162) (5,764) (16,665) Depreciation and amortization 11,033 4,864 118 16,015 Adjusted EBITDA 6,156 (11) (3,854) 2,291 13 Weeks Ended March 30, 2023 Revenues $96,376 $55,811 $ 89 $152,276 Operating income (loss) 1,519 (5,032) (5,475) (8,988) Depreciation and amortization 11,488 4,301 87 15,876 Adjusted EBITDA 13,803 (410) (3,935) 9,458
  

• *DJ Marcus Corp 1Q Loss/Shr 38c >MCS, from 1 hour ago by Dow Jones

  1 hour ago by Dow Jones
  Companies Mentioned: MCS
  Restricted cash 3,295 4,249 Accounts receivable 13,425 19,703 Assets held for sale 2,980 -- Other current assets 24,589 22,175 Property and equipment, net 678,198 682,262 Operating lease right-of-use assets 173,068 179,788 Other assets 105,322 101,337 --------- ----------- Total Assets $1,018,135 $ 1,065,103 ========= =========== Liabilities and Shareholders' Equity: Accounts payable $ 29,574 $ 37,384 Taxes other than income taxes 15,785 18,585 Other current liabilities 69,603 80,283 Current portion of finance lease obligations 2,602 2,579 Current portion of operating lease obligations 14,061 15,290 Current maturities of long-term debt 10,273 10,303 Finance lease obligations 12,129 12,753 Operating lease obligations 172,985 178,582 Long-term debt 159,506 159,548 Deferred income taxes 25,311 32,235 Other long-term obligations 46,988 46,389 Equity 459,318 471,172 --------- ----------- Total Liabilities and Shareholders' Equity $1,018,135 $ 1,065,103 ========= =========== THE MARCUS CORPORATION Business Segment Information (Unaudited) (In thousands) Hotels/ Corporate Theatres Resorts Items Total -------- -------- ----------- ----------- 13 Weeks Ended March 28, 2024 Revenues $81,270 $57,197 $ 80 $138,547 Operating loss (5,739) (5,162) (5,764) (16,665) Depreciation and amortization 11,033 4,864 118 16,015 Adjusted EBITDA 6,156 (11) (3,854) 2,291 13 Weeks Ended March 30, 2023 Revenues $96,376 $55,811 $ 89 $152,276 Operating income (loss) 1,519 (5,032) (5,475) (8,988) Depreciation and amortization 11,488 4,301 87 15,876 Adjusted EBITDA 13,803 (410) (3,935) 9,458