MARCUS CORP Q3 2025 – Revenues Down 9.7%

By Greg Peters • Friday, October 31 15:33 • Permanent Link

The Marcus Corporation (NYSE: MCS) has reported its third quarter fiscal 2025 results, showcasing both successes and challenges across its Marcus Hotels & Resorts and Marcus Theatres divisions.

For the third quarter of fiscal 2025 ended September 30, 2025, the company reported total revenues of $210.2 million, representing a 9.7% decrease from the third quarter of fiscal 2024. Operating income for the same period was $22.7 million, a 30.7% decrease from the prior year quarter, while net earnings were $16.2 million, down from $23.3 million for the same period in fiscal 2024.

Looking at the first three quarters of fiscal 2025, total revenues were $565.0 million, a 3.2% increase from the first three quarters of fiscal 2024. Operating income for this period was $15.3 million, a 16.5% decrease from the prior year, and net earnings were $6.7 million, compared to a net loss of $8.8 million for the same period in fiscal 2024.

In terms of adjusted EBITDA, the company reported $40.4 million for the third quarter of fiscal 2025, a 22.6% decrease from the prior year quarter. For the first three quarters of fiscal 2025, adjusted EBITDA was $72.5 million, a 5.3% decrease from the first three quarters of fiscal 2024.

Marcus Theatres division saw total theatre revenues of $119.9 million for the third quarter of fiscal 2025, a 16.6% decrease from the third quarter of fiscal 2024. Same store admission revenues decreased by 15.8%, and same store attendance decreased by 18.7% in the third quarter of fiscal 2025.

Conversely, Marcus Hotels & Resorts reported total revenues before cost reimbursements of $80.3 million for the third quarter of fiscal 2025, a 1.7% increase over the third quarter of fiscal 2024, driven by growth in food and beverage revenues.

The company also made a significant investment in its shareholders, repurchasing $9 million in shares during the third quarter and authorizing the repurchase of up to 4.0 million additional shares. The total number of shares repurchased since resuming share repurchases in the third quarter of fiscal 2024 now stands at 1.7 million shares, representing 5.3% of the shares outstanding, for $25.9 million in cash.

Today the company's shares have moved -0.45% to a price of $13.23. For more information, read the company's full 8-K submission here.

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