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Dec 26, 2019
Marcus Q4 2019 Earnings Report
Reported record revenues for both Marcus Theatres® and Marcus® Hotels & Resorts and outperformed the industry for fiscal 2019; also reported record Adjusted EBITDA.
Key Takeaways
The Marcus Corporation reported record revenues for both divisions in Q4 2019. Marcus Theatres' revenues increased by 26.1%, driven by Movie Tavern locations. Marcus Hotels & Resorts' RevPAR increased by 1.3%, excluding Saint Kate. The company also reported record Adjusted EBITDA.
The Marcus Corporation achieved record revenues for both divisions in Q4 2019.
Marcus Theatres' revenues increased by 26.1% due to Movie Tavern contributions.
Marcus Hotels & Resorts' RevPAR increased by 1.3%, excluding Saint Kate.
The Marcus Corporation reported record Adjusted EBITDA during Q4 2019.
Forward Guidance
The first quarter of 2020 is off to a solid start, with higher admission revenues at comparable theatres compared to the same time last year. Fiscal 2020 will be a 53-week year for The Marcus Corporation, and the theatre division in particular is expected to benefit from the extra week of operations.
Positive Outlook
- Higher admission revenues at comparable theatres compared to the same time last year.
- Strong week between December 27 and New Year’s Day.
- Improved January and February film slate.
- Strong holdover movies from 2019.
- New movies including 1917, Bad Boys For Life and Sonic the Hedgehog contributing to the early first quarter results.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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