NYSE$MCS

The Marcus Corporation · Q4 2019 earnings

Q4 2019 earnings · · Investor relations

Briefing

Reported record revenues for both Marcus Theatres® and Marcus® Hotels & Resorts and outperformed the industry for fiscal 2019; also reported record Adjusted EBITDA.

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.

Headline financials

Total Revenue

$207M

Previous: $175M+18.2%
EPS (adj)

$0.33

Previous: $0.41-19.5%

Revenue & EPS history

Marcus · Revenue · Quarterly

$207M

Q4 2019+18.2%vs Q4 2018
Beat estimate in 11 of 16 quarters(69%)
ActualEstimate

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.

Tailwinds

  • 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

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

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q4 2019

Historical avgQ4 2019

+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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