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Marcus Corp. (MCS)
NYSE:MCS
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Earnings Data
Report Date
Feb 27, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.05Last Year’s EPS
-$0.05Same Quarter Last Year
Strong Buy
Based on 3 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 31, 2024
|% Change Since: 25.45%
|Next Earnings Date:Feb 27, 2025
Earnings Call Sentiment|Positive
The earnings call reflects a strong performance in the third quarter with record-breaking results across both divisions. Theatres and Hotels & Resorts both outperformed expectations, with significant revenue and profitability growth. Challenges such as the impact of convertible debt repurchase and underperformance against competitors in the hotel segment were noted, but they were outweighed by overall strong performance and positive future outlook.Company Guidance
During the third-quarter earnings call for The Marcus Corporation, the executives reported notable financial metrics, highlighting a record performance with consolidated revenues reaching $233 million, an increase of over 11% from the previous year, and adjusted EBITDA totaling $52.3 million. The theatre division showed significant growth, with total revenue rising 13.6% to $143.8 million, outperforming the industry by approximately 5.7 percentage points. This success was driven by an increase in comparable theatre admission revenue by 9.5% and attendance by 7.1%. The average admission price also rose by 2.6%, contributing to a 7.9% increase in per capita concession, food, and beverage revenues. Additionally, the Hotels & Resorts division reported revenues of $88.7 million, up 8.1%, with RevPAR for comparable owned hotels growing by 9.8%. The company's strategic decisions, such as the retirement of $13.5 million in convertible debt and share repurchases totaling $9.7 million, further strengthened their financial position, with a net leverage of 1.7x net debt to adjusted EBITDA.Record-Breaking Third Quarter Results
The Marcus Corporation reported a record third quarter with consolidated revenues of $233 million, an increase of over 11%. Both the Theatre and Hotels & Resorts divisions outperformed, contributing to record revenue, operating income, and adjusted EBITDA.
Theatres Division Outperformance
Theatres reported third quarter total revenue of $143.8 million, a 13.6% increase from the previous year. The division outperformed the industry by approximately 5.7 percentage points with a 24.3% increase in adjusted EBITDA.
Hotels & Resorts Division Success
The Hotels & Resorts division achieved revenues of $88.7 million, an 8.1% increase. RevPAR for comparable owned hotels grew 9.8%, aided by the Republican National Convention, and adjusted EBITDA increased by 18.7%.
Debt Retirement and Share Repurchases
The company completed the retirement of convertible debt and repurchased approximately 693,000 shares of common stock, reflecting strong balance sheet management and confidence in future performance.
Positive Future Outlook
The company is optimistic about the upcoming film slate for 2025, which is expected to boost theatre attendance with major titles including Superman: Legacy and Avatar 3.
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MCS Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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MCS Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 31, 2024 | $17.12 | $18.81 | +9.87% |
| Aug 01, 2024 | $12.49 | $12.54 | +0.40% |
| May 02, 2024 | $12.92 | $11.87 | -8.13% |
| Feb 29, 2024 | $14.50 | $14.38 | -0.83% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Marcus Corp. (MCS) report earnings?
Marcus Corp. (MCS) is schdueled to report earning on Feb 27, 2025, TBA Not Confirmed.
What is Marcus Corp. (MCS) earnings time?
Marcus Corp. (MCS) earnings time is at Feb 27, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is MCS EPS forecast?
MCS EPS forecast for the fiscal quarter 2024 (Q4) is $0.05.
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