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Apr 01, 2021
Marcus Q1 2021 Earnings Report
Marcus Corporation reported first quarter fiscal 2021 results, with both Marcus Theatres and Marcus Hotels & Resorts outperforming their respective industries as recovery began.
Key Takeaways
Marcus Corporation reported improved operating performance in Q1 2021 compared to prior quarters, with both Marcus Theatres and Marcus Hotels & Resorts outperforming their respective industries. The company's financial position remains strong with $213 million in cash and revolving credit availability.
Marcus Theatres and Marcus Hotels & Resorts outperformed their respective industries during the quarter.
Marcus Theatres outperformed the industry by 9.0 percentage points.
Marcus Hotels & Resorts outperformed the industry and its competitive sets by approximately eight and six percentage points, respectively.
The company's financial position remains strong with $213 million in cash and revolving credit availability.
Forward Guidance
The recovery is beginning to take hold as evidenced by improving operating performance.
Positive Outlook
- Significant progress administering the vaccine.
- Improving conditions in our markets.
- Growing consumer confidence are bringing more people back to our theatres, hotels and restaurants.
- Quality of our assets.
- Appealing experiences.
Challenges Ahead
- Still at levels well below the norm.
- It will take some time to return to pre-pandemic levels.
- Pandemic continues to impact both business and group travel.
- Business travel will likely remain limited in the near term.
- Group pace for fiscal 2021 remains behind prior years at this same time.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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