NYSE$MCS
The Marcus Corporation · Q4 2023 earnings
Q4 2023 earnings · · Investor relations
Briefing
Marcus Corporation reported mixed results in Q4 2023, with a slight revenue decrease offset by improved operating income and a reduced net loss.
Marcus Corporation's Q4 2023 saw a slight decrease in total revenues, but the company improved its operating income and significantly reduced its net loss compared to the same period last year. Marcus Theatres' revenues increased slightly, while Marcus Hotels & Resorts experienced growth in comparable hotel revenues and RevPAR.
- Total revenues decreased slightly to $161.5 million compared to Q4 2022.
- Operating income improved to $1.2 million, a significant increase from the operating loss in the prior year quarter.
- Net loss was reduced to $1.4 million, compared to a net loss of $9.3 million in Q4 2022.
- Marcus Theatres reported a slight revenue increase and improved operating income, driven by higher average ticket prices and concession revenues.
Headline financials
Revenue & EPS history
Marcus · Revenue · Quarterly
$162M
Revenue by segment
Marcus · $55.8M total across 1 segment · Q1 2023
- Marcus Hotels & Resorts$55.8M+6.0%100.0%
Forward guidance
While the quantity of new films will be negatively impacted in fiscal 2024 due to production delays caused by WGA and SAG-AFTRA strikes earlier in the year, there are many exciting film releases planned for the rest of the year.
Tailwinds
- Several films have contributed to early fiscal 2024 first quarter results, including Wonka, Mean Girls, Migration, Anyone But You, The Beekeeper and Bob Marley: One Love.
- New films expected to be released during the remainder of fiscal 2024 that have the potential to do well include Dune: Part Two, Kung Fu Panda 4, Ghostbusters: Frozen Empire, Godzilla x Kong: The New Empire, The Fall Guy, Kingdom of the Planet of the Apes, IF, Furiosa, Inside Out 2, A Quiet Place: Day One, Despicable Me 4, Twisters, Deadpool & Wolverine, Beetlejuice 2, Joker: Folie A Deux, Smile 2, Venom 3, Moana 2, Wicked Part One, Mufasa: The Lion King and Sonic the Hedgehog 3, among others.
- Group booking pace for fiscal 2024 is running ahead of comparable pace during the same period in fiscal 2023, even when excluding the favorable impact of the Republican National Convention scheduled for July 2024.
- Fiscal 2025 booking pace is also running well ahead of comparable pace during the same period a year ago.
- Banquet and catering booking pace for fiscal 2024 and 2025 are ahead compared to the same period last year.
Headwinds
- The quantity of new films will be negatively impacted in fiscal 2024 due to production delays caused by WGA and SAG-AFTRA strikes earlier in the year.
- Additional schedule changes may occur.
- Adverse effects the COVID-19 pandemic, or future pandemics, may have on our theatre and hotels and resorts businesses, results of operations, liquidity, cash flows, financial condition, access to credit markets and ability to service our existing and future indebtedness
- The availability, in terms of both quantity and audience appeal, of motion pictures for our theatre division (including disruptions in the production of films due to events such as a strike by actors, writers or directors or future pandemics)
- The effects of theatre industry dynamics such as the maintenance of a suitable window between the date such motion pictures are released in theatres and the date they are released to other distribution channels
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 2023
+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
| Quarter | Report date | Reaction (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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