The Marcus (MCS) Q1 2025 Earnings Call May 06, 2025 11:00 AM ET Speaker0 Good morning, everyone, and welcome to Marcus Corporation's First Quarter Earnings Conference Call. My name is Lydia, and I'll be your operator today. At this time, all participants are in listen only mode. We'll conduct a question and answer session towards the end of this conference. As a reminder, this conference is being recorded. Joining us today are Greg Marcus, Chairman, President and Chief Executive Officer and Chad Paris, Chie ...

分组1 - Marcus reported a quarterly loss of $0.54 per share, slightly worse than the Zacks Consensus Estimate of a loss of $0.52, and a decline from a loss of $0.38 per share a year ago [1] - The company posted revenues of $148.77 million for the quarter ended March 2025, exceeding the Zacks Consensus Estimate by 3.96% and up from $138.55 million year-over-year [2] - Marcus has surpassed consensus revenue estimates four times over the last four quarters, indicating a positive trend in revenue performance [2] 分组2 - The stock has underperformed, losing about 23.8% since the beginning of the year, compared to a decline of 3.9% for the S&P 500 [3] - The current consensus EPS estimate for the upcoming quarter is $0.05 on revenues of $191.3 million, and for the current fiscal year, it is $0.33 on revenues of $762.5 million [7] - The Leisure and Recreation Services industry, to which Marcus belongs, is currently ranked in the bottom 27% of over 250 Zacks industries, which may impact stock performance [8]

Financial Performance - Total revenues for Q1 fiscal 2025 were $148.8 million, a 7.4% increase from $138.5 million in Q1 fiscal 2024[4] - Operating loss for Q1 fiscal 2025 was $20.4 million, compared to an operating loss of $16.7 million in the prior year[4] - Net loss for Q1 fiscal 2025 was $16.8 million, compared to a net loss of $11.9 million in Q1 fiscal 2024[4] - Adjusted EBITDA loss was $0.3 million for Q1 fiscal 2025, down from an Adjusted EBITDA of $2.3 million in the prior year[4] - Total revenues for the three months ended March 31, 2025, increased to $148.766 million, up from $138.547 million in the same period of 2024, representing a growth of 7.9%[24] - Theatre admissions revenue rose to $40.931 million, compared to $40.596 million in the prior year, reflecting an increase of 0.8%[24] - The net loss for the three months ended March 31, 2025, was $16.816 million, compared to a net loss of $11.866 million for the same period in 2024, indicating a deterioration of 41.8%[24] - Adjusted EBITDA for the three months ended March 31, 2025, was $(259) thousand, a decrease from $2.291 million in the prior year[34] - Operating loss for the theatre segment was $6.281 million for the three months ended March 31, 2025, compared to a loss of $5.739 million in the same period of 2024[30] Revenue Breakdown - Marcus Theatres reported total revenues of $87.4 million in Q1 fiscal 2025, a 7.5% increase compared to Q1 fiscal 2024[5] - Marcus Hotels & Resorts achieved total revenues of $52.3 million in Q1 fiscal 2025, an 8.9% increase over the prior year[9] - Same store attendance increased by 6.9% in Q1 fiscal 2025, while average ticket prices decreased by 5.1%[6] - Revenue per available room (RevPAR) increased by 1.1% at company-owned hotels in Q1 fiscal 2025[11] Shareholder Returns - The company repurchased approximately 424,000 shares for $7.1 million in Q1 fiscal 2025, totaling over $25 million returned to shareholders in the last four fiscal quarters[14] Assets and Cash Flow - Cash and cash equivalents decreased to $11.865 million as of March 31, 2025, down from $40.841 million at the end of the previous year[25] - Total assets decreased to $1.018 billion as of March 31, 2025, from $1.045 billion at the end of the previous year[25] - The company reported a net cash flow used in operating activities of $(35.329) million for the three months ended March 31, 2025, compared to $(15.098) million in the prior year[32] - Capital expenditures for the three months ended March 31, 2025, were $(23.005) million, compared to $(15.440) million in the same period of 2024[32] Debt and Renovation - Long-term debt increased to $189.062 million as of March 31, 2025, compared to $149.007 million at the end of the previous year, reflecting a rise of 26.9%[26] - The Hilton Milwaukee renovation is expected to be substantially complete in the first half of 2025, enhancing the company's portfolio[12]

Wall Street expects a year-over-year decline in earnings on higher revenues when Marcus (MCS) reports results for the quarter ended March 2025. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on May 6. On the other ...

The Expansion Brings New 270-Degree Panoramic Auditoriums to Shakopee, MN, Columbus, OH and The First-Ever SCREENX in Illinois HOLLYWOOD, Calif., April 2, 2025 /PRNewswire/ -- CJ 4DPLEX, the world's leading producer of premium film formats and cinema technologies, and Marcus Theatres®, a division of Marcus Corporation (NYSE: MCS) and the fourth largest exhibitor in the U.S., announced today an expansion of their successful partnership with the addition of three new 270-degree panoramic SCREENX auditoriums i ...

Agreement with Nation's Fourth Largest Cinema Exhibitor Includes Screenvision's Platinum Inventory & Enhancements to the Preshow Experience NEW YORK, March 27, 2025 /PRNewswire/ -- Screenvision Media, a national leader in delivering comprehensive premium video advertising and content representation services for top-tier cinema exhibitors, today announced a new agreement to extend is longstanding relationship with Marcus Theatres®, a division of The Marcus Corporation (NYSE:MCS). "Our relationship with Marcu ...

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The Marcus Corporation (NYSE:MCS) Q4 2024 Results Conference Call February 27, 2025 11:00 AM ET Company Participants Gregory Marcus - Chairman, President and CEO Chad Paris - CFO and Treasurer Conference Call Participants Mike Hickey - The Benchmark Company Patrick Sholl - Barrington Research Chris Potter - Northern Border Investment Operator Good morning, everyone, and welcome to The Marcus Corporation Third Quarter Earnings Conference Call. My name is Lydia, and I'll be your operator today. [Operator Inst ...

The Marcus (MCS) Q4 2024 Earnings Call February 27, 2025 10:11 PM ET Company Participants Chad Paris - CFO & TreasurerGregory S. Marcus - President, CEO & ChairmanPatrick Sholl - Vice PresidentChristopher Potter - Principal Conference Call Participants Mike Hickey - Equity Research Analyst Operator Good morning, everyone, and welcome to the Marcus Corporation Fourth Quarter Earnings Conference Call. My name is Lydia and I'll be your operator today. At this time, all participants are in listen only mode. We' ...