MARCUS CORP recently released its 10-Q report, detailing its operations in the United States, including movie theatres, hotels, resorts, and hospitality management services. The company owns and operates movie theatres under the Marcus Theatres, Movie Tavern by Marcus, and BistroPlex brand names, as well as full-service hotels and resorts. Additionally, it provides hospitality management services and commercial laundry services. The company was founded in 1935 and is headquartered in Milwaukee, Wisconsin.
In the 10-Q report, MARCUS CORP's management discussed the financial condition and results of operations. They highlighted certain risks and uncertainties, including the adverse effects of future pandemics or epidemics on the company's theatre and hotels and resorts businesses, as well as the availability of motion pictures for its theatre division and adverse economic conditions in its markets.
For the third quarter of fiscal 2025, MARCUS CORP reported revenues of $210.2 million, a decrease of 9.7% from the same period in fiscal 2024. Operating income for the quarter was $22.7 million, down 30.7% from the third quarter of fiscal 2024. The net earnings for the quarter were $16.2 million, a decrease of 30.4% from the same period in fiscal 2024.
In the theatre division, revenues for the third quarter of fiscal 2025 were $119.9 million, a decrease of 16.6% from the third quarter of fiscal 2024. The operating income for the theatre division was $12.3 million, down 43.3% from the same period in fiscal 2024. The operating margin for the theatre division was 10.3% of revenues, down from 15.1% in the third quarter of fiscal 2024.
For the first three quarters of fiscal 2025, MARCUS CORP reported revenues of $565.0 million, an increase of 3.2% from the same period in fiscal 2024. The operating income for the first three quarters was $15.3 million, a decrease of 16.5% from the first three quarters of fiscal 2024. The net earnings for the first three quarters were $6.7 million, an increase of 176.8% from the same period in fiscal 2024.
The 10-Q report also provided detailed explanations for the variations in revenues, operating income, and other income (expense) between fiscal 2025 and fiscal 2024, attributing these changes to factors such as attendance fluctuations, film performances, corporate expenses, and interest expenses.
As a result of these announcements, the company's shares have moved -0.45% on the market, and are now trading at a price of $13.23. Check out the company's full 10-Q submission here.
