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Jun 30, 2022
Marcus Q2 2022 Earnings Report
Reported strong operating performance and liquidity, leading to first cash dividend post-pandemic.
Key Takeaways
The Marcus Corporation reported a strong second quarter with significant improvements in revenue, operating income, and Adjusted EBITDA. Both the Theatres and Hotels & Resorts divisions contributed to the positive results, generating $49 million in cash from operations. The company reinstated its quarterly cash dividend, reflecting its commitment to returning value to shareholders.
Total revenues increased by 114.5% to $198.6 million compared to the prior year.
Operating income was $18.9 million, a significant improvement from the prior year's operating loss of $26.1 million.
Net earnings attributable to The Marcus Corporation was $9.0 million, compared to a net loss of $23.4 million in the prior year.
The Board of Directors declared a quarterly cash dividend of $0.05 per share of common stock.
Revenue by Segment
Historical Earnings Impact
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Avg. Return Before/After Earnings
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