“Our second quarter fiscal 2026 results reflected strong contributions from both divisions, with
Second Quarter Fiscal 2026 Highlights
- Total revenues for the second quarter of fiscal 2026 were
$231.7 million , a 12.5% increase from total revenues of$206.0 million for the second quarter of fiscal 2025. - Operating income was
$27.1 million for the second quarter of fiscal 2026, a 108.1% improvement from operating income of$13.0 million for the second quarter of fiscal 2025. - Net earnings was
$15.8 million for the second quarter of fiscal 2026, a 116.4% increase compared to net earnings of$7.3 million for the second quarter of fiscal 2025. - Net earnings per diluted common share was
$0.51 for the second quarter of fiscal 2026, a 121.7% increase compared to net earnings per diluted common share of$0.23 for the second quarter of fiscal 2025. - Adjusted EBITDA was
$46.2 million for the second quarter of fiscal 2026, a 43.0% increase from Adjusted EBITDA of$32.3 million for the second quarter of fiscal 2025.
First Half Fiscal 2026 Highlights
- Total revenues for the first half of fiscal 2026 were
$386.1 million , an 8.8% increase from total revenues of$354.8 million for the first half of fiscal 2025. - Operating income was
$7.8 million for the first half of fiscal 2026, an improvement from operating loss of$7.4 million for the first half of fiscal 2025. - Net earnings was
$0.5 million for the first half of fiscal 2026, compared to net loss of$9.5 million for the first half of fiscal 2025. - Net earnings per diluted common share was
$0.02 for the first half of fiscal 2026, compared to net loss per diluted common share of$0.31 for the first half of fiscal 2025. - Adjusted EBITDA was
$48.8 million for the first half of fiscal 2026, a 52.3% increase from Adjusted EBITDA of$32.0 million for the first half of fiscal 2025.
The significant increases in operating results for the first half of 2026 were despite the first half of fiscal 2026 being comprised of five fewer operating days than the first half of fiscal 2025 due to the transition in the Company’s fiscal year in the first quarter of 2025. See Fiscal Year Change section below for further discussion. First half year-over-year comparisons herein are on an as-reported basis and include the impact of five fewer operating days in the first half of fiscal 2026, unless otherwise noted.
Same store admission revenues for the second quarter of fiscal 2026 increased 16.6% compared to the prior year quarter, which outperformed the industry by 5.1 percentage points, according to data received from Comscore.
Same store attendance increased 10.9% in the second quarter of fiscal 2026 compared to the second quarter of fiscal 2025. Average ticket prices increased 5.2% compared to the prior year quarter. Average concession revenues per person increased 2.4% during the second quarter of fiscal 2026 compared to the prior year quarter, resulting from increased movie-themed merchandise sales, price optimization, and an increase in average transactions per customer.
“It is a great time to be a moviegoer, with a steady slate of compelling films bringing audiences of all ages together at the movies,” said
During the second quarter of fiscal 2026, Marcus Theatres’ top five highest-performing films were The Super Mario Galaxy Movie, Michael, Toy Story 5, Obsession and Backrooms. Films performing well so far in the third quarter of fiscal 2026 include The Odyssey, Minions & Monsters, and Moana with an exciting film slate scheduled for the remainder of the year, including Spider-Man: Brand New Day, Super Troopers 3, Paw Patrol: The Dino Movie, Insidious: Out of the Further, Practical Magic 2, Resident Evil,
During the second quarter of fiscal 2026,
Revenue per available room, or RevPAR, increased 13.9% at company-owned hotels during the second quarter of fiscal 2026 compared to the second quarter of fiscal 2025. During the second quarter of fiscal 2026,
“Congratulations to our associates for delivering a record second quarter and outperforming both the industry and our competitive sets,” said
Fiscal Year Change
The first half of fiscal 2026 was comprised of five fewer operating days than the first half of fiscal 2025 due to the transition in the Company’s fiscal year in the prior year first quarter. During fiscal 2025 the Company’s fiscal year changed from a 52-53 week fiscal year ending on the last Thursday of each year to a fiscal year ending on
Conference Call and Webcast
A replay of the conference call will be archived on the company’s website until its next earnings release.
Non-GAAP Financial Measure
Adjusted EBITDA has been presented in this press release as a supplemental measure of financial performance that is not required by, or presented in accordance with, GAAP. The company defines Adjusted EBITDA as net earnings (loss) attributable to
Adjusted EBITDA is a key measure used by management and the company’s board of directors to assess the company’s financial performance and enterprise value. The company believes that Adjusted EBITDA is a useful measure, as it eliminates certain expenses and gains that are not indicative of the company’s core operating performance and facilitates a comparison of the company’s core operating performance on a consistent basis from period to period. The company also uses Adjusted EBITDA as a basis to determine certain annual cash bonuses and long-term incentive awards, to supplement GAAP measures of performance to evaluate the effectiveness of its business strategies, to make budgeting decisions, and to compare its performance against that of other peer companies using similar measures. Adjusted EBITDA is also used by analysts, investors and other interested parties as a performance measure to evaluate industry competitors.
Adjusted EBITDA is a non-GAAP measure of the company’s financial performance and should not be considered as an alternative to net earnings (loss) as a measure of financial performance, or any other performance measure derived in accordance with GAAP and it should not be construed as an inference that the company’s future results will be unaffected by unusual or non-recurring items. Additionally, Adjusted EBITDA is not intended to be a measure of liquidity or free cash flow for management’s discretionary use. In addition, this non-GAAP measure excludes certain non-recurring and other charges and has its limitations as an analytical tool. You should not consider Adjusted EBITDA in isolation or as a substitute for analysis of the company’s results as reported under GAAP. In evaluating Adjusted EBITDA, you should be aware that in the future the company will incur expenses that are the same as or similar to some of the items eliminated in the adjustments made to determine Adjusted EBITDA, such as acquisition expenses, preopening expenses, accelerated depreciation, impairment charges and other adjustments. The company’s presentation of Adjusted EBITDA should not be construed to imply that the company’s future results will be unaffected by any such adjustments. Definitions and calculations of Adjusted EBITDA differ among companies in our industries, and therefore Adjusted EBITDA disclosed by the company may not be comparable to the measures disclosed by other companies.
About The Marcus Corporation
Headquartered in Milwaukee, Marcus Corporation is a leader in the entertainment and hospitality industries, with significant company-owned real estate assets. Marcus Corporation’s theatre division, Marcus Theatres®, is the fourth largest theatre circuit in the U.S. and currently owns or operates 975 screens at 77 locations in 17 states under the Marcus Theatres, Movie Tavern® by Marcus and BistroPlex® brands. The company’s hospitality division, Marcus® Hotels & Resorts, owns and/or manages 17 hotels, resorts and other properties in eight states. For more information, please visit the company’s website at www.marcuscorp.com.
Certain matters discussed in this press release are “forward-looking statements” intended to qualify for the safe harbors from liability established by the Private Securities Litigation Reform Act of 1995. These forward-looking statements may generally be identified as such because the context of such statements include words such as we “believe,” “anticipate,” “expect” or words of similar import. Similarly, statements that describe our future plans, objectives or goals are also forward-looking statements. Such forward-looking statements are subject to certain risks and uncertainties which may cause results to differ materially from those expected, including, but not limited to, the following: (1) the adverse effects future pandemics or epidemics may have on our theatre and hotels and resorts businesses, results of operations, liquidity, cash flows, financial condition, access to credit markets and ability to service our existing and future indebtedness; (2) the availability, in terms of both quantity and audience appeal, of motion pictures for our theatre division (including disruptions in the production of films due to events such as tariffs or a strike by actors, writers or directors or future pandemics); (3) the effects of theatre industry dynamics such as the maintenance of a suitable window between the date such motion pictures are released in theatres and the date they are released to other distribution channels; (4) the effects of adverse economic conditions in our markets; (5) the effects of adverse economic conditions on our ability to obtain financing on reasonable and acceptable terms, if at all; (6) the effects on our occupancy and room rates caused by the relative industry supply of available rooms at comparable lodging facilities in our markets; (7) the effects of competitive conditions in our markets; (8) our ability to achieve expected benefits and performance from our strategic initiatives and acquisitions; (9) the effects of increasing depreciation expenses, reduced operating profits during major property renovations, impairment losses, and preopening and start-up costs due to the capital intensive nature of our business; (10) the effects of changes in the availability of and cost of labor and other supplies essential to the operation of our business; (11) the effects of tariffs that are implemented or merely threatened on our costs; (12) the effects of weather conditions, particularly during the winter in the Midwest and in our other markets; (13) our ability to identify properties to acquire, develop and/or manage and the continuing availability of funds for such development; (14) the adverse impact on business and consumer spending on travel, leisure and entertainment resulting from terrorist attacks in the United States or other incidents of violence in public venues such as hotels and movie theatres; and (15) a disruption in our business and reputational and economic risks associated with civil securities claims brought by shareholders. These statements are not guarantees of future performance and are subject to risks, uncertainties and other factors, some of which are beyond our control and difficult to predict and could cause actual results to differ materially from those expressed or forecasted in the forward-looking statements. Our forward-looking statements are based upon our assumptions, which are based upon currently available information. Shareholders, potential investors and other readers are urged to consider these factors carefully in evaluating the forward-looking statements and are cautioned not to place undue reliance on such forward-looking statements. The forward-looking statements made herein are made only as of the date of this press release and we undertake no obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances.
(Unaudited) (in thousands, except per share data) | |||||||||||||||
| |||||||||||||||
| Three Months Ended |
| Six Months Ended | ||||||||||||
|
|
|
|
|
|
|
| ||||||||
Revenues: |
|
|
|
|
|
|
| ||||||||
Theatre admissions | $ | 72,557 |
|
| $ | 62,348 |
|
| $ | 117,382 |
|
| $ | 103,279 |
|
Rooms |
| 33,706 |
|
|
| 29,632 |
|
|
| 54,168 |
|
|
| 48,907 |
|
Theatre concessions |
| 65,264 |
|
|
| 57,611 |
|
|
| 104,829 |
|
|
| 95,611 |
|
Food and beverage |
| 22,509 |
|
|
| 21,291 |
|
|
| 39,969 |
|
|
| 39,120 |
|
Other revenues |
| 26,674 |
|
|
| 24,790 |
|
|
| 48,368 |
|
|
| 47,664 |
|
|
| 220,710 |
|
|
| 195,672 |
|
|
| 364,716 |
|
|
| 334,581 |
|
Cost reimbursements |
| 11,034 |
|
|
| 10,371 |
|
|
| 21,432 |
|
|
| 20,228 |
|
Total revenues |
| 231,744 |
|
|
| 206,043 |
|
|
| 386,148 |
|
|
| 354,809 |
|
|
|
|
|
|
|
|
| ||||||||
Costs and expenses: |
|
|
|
|
|
|
| ||||||||
Theatre operations |
| 70,525 |
|
|
| 64,172 |
|
|
| 121,254 |
|
|
| 113,842 |
|
Rooms |
| 11,785 |
|
|
| 11,086 |
|
|
| 22,103 |
|
|
| 20,992 |
|
Theatre concessions |
| 26,180 |
|
|
| 23,337 |
|
|
| 43,350 |
|
|
| 40,788 |
|
Food and beverage |
| 16,697 |
|
|
| 15,656 |
|
|
| 31,753 |
|
|
| 30,285 |
|
Advertising and marketing |
| 6,774 |
|
|
| 6,644 |
|
|
| 12,509 |
|
|
| 11,888 |
|
Administrative |
| 23,691 |
|
|
| 22,972 |
|
|
| 49,002 |
|
|
| 47,688 |
|
Depreciation and amortization |
| 17,350 |
|
|
| 17,603 |
|
|
| 35,185 |
|
|
| 35,441 |
|
Rent |
| 6,358 |
|
|
| 6,354 |
|
|
| 12,545 |
|
|
| 12,571 |
|
Property taxes |
| 4,055 |
|
|
| 4,328 |
|
|
| 8,337 |
|
|
| 8,737 |
|
Other operating expenses |
| 10,115 |
|
|
| 10,332 |
|
|
| 20,678 |
|
|
| 20,938 |
|
Loss (gain) on disposition of property, equipment and other assets |
| 113 |
|
|
| 181 |
|
|
| 194 |
|
|
| (1,184 | ) |
Reimbursed costs |
| 11,034 |
|
|
| 10,371 |
|
|
| 21,432 |
|
|
| 20,228 |
|
Total costs and expenses |
| 204,677 |
|
|
| 193,036 |
|
|
| 378,342 |
|
|
| 362,214 |
|
|
|
|
|
|
|
|
| ||||||||
Operating income (loss) |
| 27,067 |
|
|
| 13,007 |
|
|
| 7,806 |
|
|
| (7,405 | ) |
|
|
|
|
|
|
|
| ||||||||
Other income (expense): |
|
|
|
|
|
|
| ||||||||
Investment income |
| 66 |
|
|
| 409 |
|
|
| 86 |
|
|
| 483 |
|
Interest expense |
| (2,734 | ) |
|
| (2,981 | ) |
|
| (5,364 | ) |
|
| (5,803 | ) |
Other income (expense) |
| (393 | ) |
|
| (443 | ) |
|
| (840 | ) |
|
| (887 | ) |
Equity earnings (losses) from unconsolidated joint ventures |
| (15 | ) |
|
| 75 |
|
|
| (689 | ) |
|
| (495 | ) |
|
| (3,076 | ) |
|
| (2,940 | ) |
|
| (6,807 | ) |
|
| (6,702 | ) |
|
|
|
|
|
|
|
| ||||||||
Earnings (loss) before income taxes |
| 23,991 |
|
|
| 10,067 |
|
|
| 999 |
|
|
| (14,107 | ) |
Income tax expense (benefit) |
| 8,147 |
|
|
| 2,746 |
|
|
| 508 |
|
|
| (4,612 | ) |
Net earnings (loss) | $ | 15,844 |
|
| $ | 7,321 |
|
|
| 491 |
|
|
| (9,495 | ) |
|
|
|
|
|
|
|
| ||||||||
Net earnings (loss) per common share - diluted | $ | 0.51 |
|
| $ | 0.23 |
|
| $ | 0.02 |
|
| $ | (0.31 | ) |
|
|
|
|
|
|
|
| ||||||||
Weighted average shares outstanding - diluted |
| 31,049 |
|
|
| 31,431 |
|
|
| 30,951 |
|
|
| 31,453 |
|
(Unaudited) (In thousands) | |||||
| |||||
|
|
|
| ||
|
|
|
| ||
Assets: |
|
|
| ||
|
|
|
| ||
Cash and cash equivalents | $ | 26,345 |
| $ | 23,448 |
Restricted cash |
| 4,642 |
|
| 3,134 |
Accounts receivable |
| 19,780 |
|
| 19,082 |
Other current assets |
| 20,951 |
|
| 18,912 |
Property and equipment, net |
| 681,799 |
|
| 697,712 |
Operating lease right-of-use assets |
| 139,148 |
|
| 142,115 |
Other assets |
| 106,884 |
|
| 110,129 |
|
|
|
| ||
Total Assets | $ | 999,549 |
| $ | 1,014,532 |
|
|
|
| ||
Liabilities and Shareholders' Equity: |
|
|
| ||
|
|
|
| ||
Accounts payable | $ | 42,957 |
| $ | 44,523 |
Income taxes |
| 836 |
|
| — |
Taxes other than income taxes |
| 18,597 |
|
| 18,482 |
Other current liabilities |
| 83,386 |
|
| 81,390 |
Current portion of finance lease obligations |
| 2,471 |
|
| 2,827 |
Current portion of operating lease obligations |
| 16,501 |
|
| 16,219 |
Finance lease obligations |
| 7,499 |
|
| 8,452 |
Operating lease obligations |
| 144,394 |
|
| 148,977 |
Long-term debt |
| 149,116 |
|
| 159,007 |
Deferred income taxes |
| 32,295 |
|
| 30,905 |
Other long-term obligations |
| 44,613 |
|
| 46,372 |
Equity |
| 456,884 |
|
| 457,378 |
|
|
|
| ||
Total Liabilities and Shareholders' Equity | $ | 999,549 |
| $ | 1,014,532 |
(Unaudited) (In thousands) | ||||||||||||||
| ||||||||||||||
| Theatres |
| Hotels/ Resorts |
| Corporate Items |
| Total | |||||||
Three Months Ended |
|
|
|
|
|
|
| |||||||
Revenues | $ | 150,648 |
| $ | 80,984 |
|
| $ | 112 |
|
| $ | 231,744 |
|
Operating income (loss) |
| 26,655 |
|
| 6,704 |
|
|
| (6,292 | ) |
|
| 27,067 |
|
Depreciation and amortization |
| 9,699 |
|
| 7,268 |
|
|
| 383 |
|
|
| 17,350 |
|
Adjusted EBITDA |
| 36,305 |
|
| 14,716 |
|
|
| (4,865 | ) |
|
| 46,156 |
|
|
|
|
|
|
|
|
| |||||||
Three Months Ended |
|
|
|
|
|
|
| |||||||
Revenues | $ | 131,650 |
| $ | 74,282 |
|
| $ | 111 |
|
| $ | 206,043 |
|
Operating income (loss) |
| 15,700 |
|
| 4,194 |
|
|
| (6,887 | ) |
|
| 13,007 |
|
Depreciation and amortization |
| 10,455 |
|
| 6,746 |
|
|
| 402 |
|
|
| 17,603 |
|
Adjusted EBITDA |
| 26,546 |
|
| 11,226 |
|
|
| (5,505 | ) |
|
| 32,267 |
|
|
|
|
|
|
|
|
| |||||||
Six Months Ended |
|
|
|
|
|
|
| |||||||
Revenues | $ | 243,576 |
| $ | 142,387 |
|
| $ | 185 |
|
| $ | 386,148 |
|
Operating income (loss) |
| 23,844 |
|
| (1,226 | ) |
|
| (14,812 | ) |
|
| 7,806 |
|
Depreciation and amortization |
| 19,963 |
|
| 14,455 |
|
|
| 767 |
|
|
| 35,185 |
|
Adjusted EBITDA |
| 44,323 |
|
| 14,433 |
|
|
| (10,004 | ) |
|
| 48,752 |
|
|
|
|
|
|
|
|
| |||||||
Six Months Ended |
|
|
|
|
|
|
| |||||||
Revenues | $ | 219,007 |
| $ | 135,604 |
|
| $ | 198 |
|
| $ | 354,809 |
|
Operating income (loss) |
| 9,419 |
|
| (1,850 | ) |
|
| (14,974 | ) |
|
| (7,405 | ) |
Depreciation and amortization |
| 21,161 |
|
| 13,482 |
|
|
| 798 |
|
|
| 35,441 |
|
Adjusted EBITDA |
| 30,240 |
|
| 12,237 |
|
|
| (10,469 | ) |
|
| 32,008 |
|
Corporate items include amounts not allocable to the business segments. Corporate revenues consist principally of rent and the corporate operating loss includes general corporate expenses. Corporate information technology costs and accounting shared services costs are allocated to the business segments based upon several factors, including actual usage and segment revenues.
Supplemental Data (Unaudited) (In thousands) | ||||||||||||||||
| ||||||||||||||||
|
| Three Months Ended |
| Six Months Ended | ||||||||||||
Consolidated |
|
|
|
|
|
|
|
| ||||||||
Net cash flow provided by (used in) operating activities |
| $ | 53,963 |
|
| $ | 31,640 |
|
| $ | 38,742 |
|
| $ | (3,689 | ) |
Net cash flow provided by (used in) investing activities |
|
| (9,846 | ) |
|
| (8,766 | ) |
|
| (16,475 | ) |
|
| (31,545 | ) |
Net cash flow provided by (used in) financing activities |
|
| (27,484 | ) |
|
| (21,898 | ) |
|
| (17,862 | ) |
|
| 7,354 |
|
Capital expenditures |
|
| (10,001 | ) |
|
| (16,910 | ) |
|
| (16,649 | ) |
|
| (39,915 | ) |
(Unaudited) (In thousands) | |||||||||||||||
| |||||||||||||||
| Three Months Ended |
| Six Months Ended | ||||||||||||
|
|
|
|
|
|
|
| ||||||||
Net earnings (loss) | $ | 15,844 |
|
| $ | 7,321 |
|
| $ | 491 |
|
| $ | (9,495 | ) |
Add (deduct): |
|
|
|
|
|
|
| ||||||||
Investment (income) loss |
| (66 | ) |
|
| (409 | ) |
|
| (86 | ) |
|
| (483 | ) |
Interest expense |
| 2,734 |
|
|
| 2,981 |
|
|
| 5,364 |
|
|
| 5,803 |
|
Other (income) expense |
| 393 |
|
|
| 443 |
|
|
| 840 |
|
|
| 887 |
|
Loss (gain) on disposition of property, equipment and other assets |
| 113 |
|
|
| 181 |
|
|
| 194 |
|
|
| (1,184 | ) |
Equity (earnings) losses from unconsolidated joint ventures |
| 15 |
|
|
| (75 | ) |
|
| 689 |
|
|
| 495 |
|
Income tax expense (benefit) |
| 8,147 |
|
|
| 2,746 |
|
|
| 508 |
|
|
| (4,612 | ) |
Depreciation and amortization |
| 17,350 |
|
|
| 17,603 |
|
|
| 35,185 |
|
|
| 35,441 |
|
Share-based compensation (a) |
| 1,626 |
|
|
| 1,441 |
|
|
| 5,450 |
|
|
| 4,986 |
|
Theatre exit costs (b) |
| — |
|
|
| — |
|
|
| — |
|
|
| 135 |
|
Insured losses (recoveries) (d) |
| — |
|
|
| 35 |
|
|
| — |
|
|
| 35 |
|
Other non-recurring (c) |
| — |
|
|
| — |
|
|
| 117 |
|
|
| — |
|
Adjusted EBITDA | $ | 46,156 |
|
| $ | 32,267 |
|
| $ | 48,752 |
|
| $ | 32,008 |
|
Reconciliation of Operating Income (Loss) to Adjusted EBITDA by Reportable Segment (Unaudited) (In thousands) | ||||||||||||||||||||||||||||
| ||||||||||||||||||||||||||||
Three Months Ended |
| Six Months Ended | ||||||||||||||||||||||||||
Theatres |
|
| Corp. Items |
| Total |
| Theatres |
|
| Corp. Items |
| Total | ||||||||||||||||
Operating income (loss) | $ | 26,654 |
|
| $ | 6,705 |
| $ | (6,292 | ) |
| $ | 27,067 |
| $ | 23,844 |
|
| $ | (1,226 | ) |
| $ | (14,812 | ) |
| $ | 7,806 |
Depreciation and amortization |
| 9,700 |
|
|
| 7,267 |
|
| 383 |
|
|
| 17,350 |
|
| 19,963 |
|
|
| 14,455 |
|
|
| 767 |
|
|
| 35,185 |
Loss (gain) on disposition of property, equipment and other assets |
| (296 | ) |
|
| 420 |
|
| (11 | ) |
|
| 113 |
|
| (220 | ) |
|
| 425 |
|
|
| (11 | ) |
|
| 194 |
Share-based compensation (a) |
| 247 |
|
|
| 324 |
|
| 1,055 |
|
|
| 1,626 |
|
| 736 |
|
|
| 662 |
|
|
| 4,052 |
|
|
| 5,450 |
Other non-recurring (c) |
| — |
|
|
| — |
|
| — |
|
|
| — |
|
| — |
|
|
| 117 |
|
|
| — |
|
|
| 117 |
Adjusted EBITDA | $ | 36,305 |
|
| $ | 14,716 |
| $ | (4,865 | ) |
| $ | 46,156 |
| $ | 44,323 |
|
| $ | 14,433 |
|
| $ | (10,004 | ) |
| $ | 48,752 |
| Three Months Ended |
| Six Months Ended | |||||||||||||||||||||||||
| Theatres |
|
| Corp. Items |
| Total |
| Theatres |
|
| Corp. Items |
| Total | |||||||||||||||
Operating income (loss) | $ | 15,700 |
| $ | 4,194 |
| $ | (6,887 | ) |
| $ | 13,007 |
| $ | 9,419 |
|
| $ | (1,850 | ) |
| $ | (14,974 | ) |
| $ | (7,405 | ) |
Depreciation and amortization |
| 10,455 |
|
| 6,746 |
|
| 402 |
|
|
| 17,603 |
|
| 21,161 |
|
|
| 13,482 |
|
|
| 798 |
|
|
| 35,441 |
|
Loss (gain) on disposition of property, equipment and other assets |
| 169 |
|
| 12 |
|
| — |
|
|
| 181 |
|
| (1,193 | ) |
|
| 9 |
|
|
| — |
|
|
| (1,184 | ) |
Share-based compensation (a) |
| 187 |
|
| 274 |
|
| 980 |
|
|
| 1,441 |
|
| 683 |
|
|
| 596 |
|
|
| 3,707 |
|
|
| 4,986 |
|
Theatre exit costs (b) |
| — |
|
| — |
|
| — |
|
|
| — |
|
| 135 |
|
|
| — |
|
|
| — |
|
|
| 135 |
|
Insured losses (recoveries) (d) |
| 35 |
|
| — |
|
| — |
|
|
| 35 |
|
| 35 |
|
|
| — |
|
|
| — |
|
|
| 35 |
|
Adjusted EBITDA | $ | 26,546 |
| $ | 11,226 |
| $ | (5,505 | ) |
| $ | 32,267 |
| $ | 30,240 |
|
| $ | 12,237 |
|
| $ | (10,469 | ) |
| $ | 32,008 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
(a) | Non-cash expense related to share-based compensation programs. | |
(b) | Reflects non-recurring costs related to the closure and exit of one theatre location in the first quarter of fiscal 2025. | |
(c) | Other non-recurring includes professional fees related to the sale of historic tax credits resulting from the renovation at | |
(d) | Repair costs that are non-operating in nature related to insured property damage at one theatre location. |
View source version on businesswire.com: https://www.businesswire.com/news/home/20260729306563/en/
For additional information, contact:
Investors:
(414) 905-1100
investors@marcuscorp.com
Media:
Megan.Hakes@hprstrategies.com
Source: