Q4 2024 Marcus Corp Earnings Call Transcript

Feb 27, 2025 / 04:00 PM GMT

Release Date Price: €19.6 (+0.51%)

Transcript 10-K8-K

Key Points

Positve

Marcus Corp (MCS) reported a strong year-over-year improvement in their 4th quarter operating performance, continuing a positive trend from the 3rd quarter.
The theater division saw significant attendance growth driven by a stronger film slate, featuring several blockbuster films.
The hotel division experienced continued strength in group business and strong revenue management, delivering RevPAR growth that outperformed the industry.
Marcus Corp (MCS) generated consolidated revenues of $188 million, marking over a 16% increase compared to the fourth quarter last year.
The company successfully launched the Marcus Movie Club, a subscription program that has shown early signs of strong customer interest and sign-ups.

Negative

The 4th quarter operating loss was negatively impacted by a $6.4 million non-cash impairment charge in the theater division and $2.4 million of non-recurring expenses.
The average admission price in theaters decreased by 10.6% during the fourth quarter of fiscal 2024 compared to last year.
Marcus Corp (MCS) theaters underperformed the industry by approximately 7.5% points in box office receipts during the 4th quarter.
The renovation of the Hilton Milwaukee negatively impacted RevPAR growth by approximately 1.3% points during the fourth quarter.
Adjusted EBITDA for the full year decreased by 5.8% to $102.4 million.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

MCS.N - Marcus Corp
Q4 2024 Marcus Corp Earnings Call
Feb 27, 2025 / 04:00PM GMT

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Presentation
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Unidentified_1 [1]
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Good morning everyone and welcome to the Marcus Corporation 4th quarter earnings conference call. My name is Lydia and I'll be your operator today. At this time, all participants are in listen-only mode. We'll conduct a question and answer session towards the end of this conference. If at any time during the call you require assistance, please press 0, and an operator will be happy to assist you. As a reminder, this conference is being recorded.

Joining us today are Greg Marcus, Chairman, President and Chief Executive Officer, and Chad Paris, Chief Financial Officer and treasurer of the Marcus Corporation.

At this time, I'd like to turn the program over to Mr. Paris for his opening remarks. Please go ahead, sir.

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