The Marcus Earnings: What Investors Need to Know
The Marcus Corporation (NYSE:MCS) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.
The Marcus Corporation Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 35.14% to $0.5 in the quarter versus EPS of $0.37 in the year-earlier quarter.
Revenue: Rose 9.38% to $129 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: The Marcus Corporation reported adjusted EPS income of $0.5 per share. By that measure, the company beat the mean analyst estimate of $0.46. It beat the average revenue estimate of $128.13 million.
Quoting Management: “This was an excellent quarter for The Marcus Corporation. Our record first quarter revenues were driven by a strong summer movie slate for Marcus Theatres®, along with a solid contribution from Marcus® Hotels & Resorts. The 26% increase in net earnings made this our best first quarter since before the 2008 recession,” said Gregory S. Marcus, president and chief executive officer of The Marcus Corporation.
Key Stats (on next page)…