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MILWAUKEE - On Friday, Marcus Corporation (NYSE:MCS) reported third-quarter earnings that exceeded analyst expectations, despite a slight revenue miss amid challenging conditions in its theatre division.
The entertainment and hospitality company’s shares gained 1.89% in pre-market trading after the results.
The company posted adjusted earnings of $0.52 per share for the third quarter, surpassing the analyst consensus of $0.47. Revenue came in at $210.2 million, slightly below the consensus estimate of $210.81 million and down 9.7% from $232.7 million in the same quarter last year.
Marcus Hotels & Resorts led performance with a 1.7% revenue increase to $80.3 million, overcoming tough comparisons to last year’s quarter which benefited from the Republican National Convention in Milwaukee. Meanwhile, Marcus Theatres saw revenues decline 16.6% to $119.9 million due to weaker box office performance.
"Marcus Hotels & Resorts led the way during the third quarter of fiscal 2025, delivering revenue growth and overcoming a tough comparison to last year’s third quarter," said Gregory S. Marcus, chief executive officer of Marcus Corporation. "At Marcus Theatres, while several films performed well during the quarter, the absence of a breakout blockbuster hit movie and fewer family films resulted in a weaker box office."
The company demonstrated confidence in its future by repurchasing $9 million in shares during the quarter, with its Board authorizing the repurchase of up to 4.0 million additional shares. Over the past four quarters, Marcus has returned more than $25 million to shareholders.
Looking ahead, management expressed optimism about upcoming film releases, noting that presales for "Wicked: For Good" are trending at three times the level of last year’s "Wicked," which was a major box office success.
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