The Marcus Corporation Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 01, 2023 at 07:45 am EDT
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The Marcus Corporation reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was USD 36.46 million compared to USD 36.92 million a year ago. Revenue was USD 208.77 million compared to USD 183.65 million a year ago. Net income was USD 12.23 million compared to USD 3.29 million a year ago. Diluted earnings per share from continuing operations was USD 0.32 compared to USD 0.1 a year ago.
For the nine months, sales was USD 82.96 million compared to USD 83.22 million a year ago. Revenue was USD 568.05 million compared to USD 514.45 million a year ago. Net income was USD 16.23 million compared to net loss of USD 2.65 million a year ago. Diluted earnings per share from continuing operations was USD 0.46 compared to diluted loss per share from continuing operations of USD 0.09 a year ago.
The Marcus Corporation is engaged in the lodging and entertainment industries, with significant the Company-owned real estate assets. The Companyâs theatre division, Marcus Theatres, is a theater circuit in the United States. Marcus Theatres owns or operates 993 screens at 79 locations in 17 states under the Marcus Theatres, Movie Tavern by Marcus and BistroPlex brands. The Companyâs lodging division, Marcus Hotels & Resorts, owns and/or manages 15 hotels, 22 restaurants, 17 bars and lounges, two golf courses, two spas, and one sky hill in eight states. Marcus Hotels & Resorts has various brands, including Hilton, Marriott, Hyatt and IHG. Marcus Hotels & Resorts includes AC Hotel by Marriott Chicago Downtown, Grand Geneva Resort & Spa, Hilton Minneapolis/Bloomington, The Lofton Hotel, and others.