NYSE$MCS

The Marcus Corporation · Q1 2021 earnings

Q1 2021 earnings · · Investor relations

Briefing

Marcus Corporation reported first quarter fiscal 2021 results, with both Marcus Theatres and Marcus Hotels & Resorts outperforming their respective industries as recovery began.

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.

Headline financials

Total Revenue

$50.8M

Previous: $159M-68.2%
EPS (adj)

-$0.96

Previous: -$0.29-231.0%
Capital Expenditures

-$1.53M

Previous: -$9.98M+84.7%
Free Cash Flow

-$29.7M

Previous: -$29.3M-1.1%
Net Income

-$28.1M

Previous: -$19.4M-45.4%
Operating Income

-$35.7M

Previous: -$22.2M-60.6%
Gross Profit

$50.8M

Previous: $159M-68.2%
Cash & Equivalents

$6.01M

Previous: $126M-95.2%
Total Assets

$1.23B

Previous: $1.44B-15.0%

Revenue & EPS history

Marcus · Revenue · Quarterly

$50.8M

Q1 2021-68.2%vs Q1 2020
Beat estimate in 12 of 16 quarters(75%)
ActualEstimate

Revenue by segment

Marcus · $55.8M total across 1 segment · Q1 2023

  • Marcus Hotels & Resorts
    $55.8M+6.0%

Forward guidance

The recovery is beginning to take hold as evidenced by improving operating performance.

Tailwinds

  • 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.

Headwinds

  • 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

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2021

Historical avgQ1 2021

+0.8%

Avg return

Earnings day

+1.0%

Avg return

5 days after

+1.8%

Avg return

30 days after

57%

34 / 60 earnings

Positive

+20.1%

Q3 2024

Best reaction

-11.5%

Q1 2020

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-7.2%-4.4%-0.6%
Q4 2025+3.2%+8.3%+4.7%
Q3 2025-0.5%+9.9%+18.1%
Q1 2025-1.1%+3.4%+4.5%
Q4 2024-11.2%-17.4%-20.6%
Q3 2024+20.1%+25.0%+31.9%
Q2 2024+4.6%+2.1%+12.4%
Q1 2024-9.2%-14.3%-18.8%
Q4 2023-3.0%-2.6%-3.6%
Q3 2023-1.5%-0.6%-8.9%
Q2 2023+3.3%+4.8%-3.4%
Q1 2023-5.4%-9.7%-10.9%
Q4 2022+0.1%+0.1%+0.1%
Q3 2022+3.4%+5.6%+12.7%
Q2 2022+5.2%+6.8%-6.1%
Q1 2022-7.8%-8.0%-1.8%
Q4 2021-0.1%-4.5%-3.7%
Q3 2021+3.5%+8.0%-8.7%
Q2 2021+2.6%-1.9%-3.2%
Q1 2021-2.4%-3.3%+14.1%
Q4 2020+3.9%+6.8%-1.0%
Q3 2020+2.6%+7.4%+48.6%
Q2 2020-0.3%+1.2%+19.0%
Q1 2020-11.5%-5.9%+17.9%
Q4 2019+2.0%-8.1%-65.9%
Q3 2019-2.7%-0.9%-15.5%
Q2 2019+5.4%+5.6%+0.4%
Q1 2019-1.7%-3.0%-7.5%
Q4 2018+4.1%+2.9%-4.7%
Q3 2018-5.3%-5.5%+2.0%
Q2 2018+12.1%+18.1%+20.1%
Q1 2018-2.4%-2.1%+2.6%
Q4 2017+4.0%+3.4%+12.5%
Q3 2017-0.6%+1.7%+4.1%
Q2 2017-1.3%-4.3%-8.4%
Q1 2017+1.7%-0.3%+0.9%
Q4 2016+7.4%+5.1%+4.2%
Q3 2016+4.3%+4.7%+24.7%
Q2 2016+3.0%+3.6%+8.0%
Q1 2016+0.2%
Q2 2015-1.5%
Q4 2015-1.4%
Q3 2015+1.0%
Q2 2014+2.1%
Q3 2014+9.7%
Q4 2013+0.2%
Q2 2013+0.1%
Q3 2013+3.1%
Q4 2012+1.7%
Q3 2012+0.9%
Q2 2012+1.3%
Q1 2012-2.5%
Q4 2011+1.3%
Q3 2011+13.6%
Q2 2011-1.0%
Q1 2011-0.2%
Q4 2010-2.5%
Q3 2010+7.7%
Q2 2010-8.6%
Q1 2009+1.3%

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