10-K · February 27, 2026
Marcus Corporation presents a dual-focus strategy on movie theatres (premium seats, PLF screens, food & beverage concepts) and hotels & resorts, leveraging a 6.9 million-member loyalty base and a subscription product…
Earnings analysis · 10-Q
MCS earnings analysis
Filed April 30, 2026 · Our reading of the company's report
The latest report
Marcus Corporation reported Q1 fiscal 2026 results with revenues of $154.4 million, representing a year-over-year increase of 3.8% compared to $148.8 million in Q1 2025. However, the company reported a net loss of $15.4…
Read full summary
Marcus Corporation reported Q1 fiscal 2026 results with revenues of $154.4 million, representing a year-over-year increase of 3.8% compared to $148.8 million in Q1 2025. However, the company reported a net loss of $15.4 million, or $0.51 EPS, which was an improvement from a net loss of $16.8 million or $0.54 EPS in the prior year quarter. The performance was primarily driven by stronger results in the theatre division, despite headwinds from fewer operating days and increased corporate expenses.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
Where revenue came from
The business segments reported by the company.
Shares of the segments disclosed in this filing, largest first.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $-0.51
What stood out
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Revenue Growth
Total revenue was $154.4 million, up 3.8% from $148.8 million in Q1 2025.
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Improved Net Loss
Net loss narrowed to $15.4 million ($0.51 EPS) from $16.8 million ($0.54 EPS) in the prior year.
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Theatre Division Performance
Theatre segment revenues increased 6.4% to $92.9 million, while operating loss improved by 55.3% to $(2.8) million.
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Increased Adjusted EBITDA
Total Adjusted EBITDA was $2.6 million, a positive turnaround from $(0.3) million year-over-year.
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Cash Position Maintained
As of March 31, 2026, Marcus Corporation held $11.2 million in cash with $194.3 million available under its revolving credit facility.
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Lower Interest Expense
Interest expense decreased to $2.6 million from $2.8 million in the prior year due to reduced borrowings.
What to watch
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Ongoing Losses
Despite improvements, the company reported losses of $15.4 million, highlighting ongoing financial pressures.
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Dependence on Film Releases
Performance is tied to the availability and appeal of motion pictures, which may be affected by production disruptions.
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Economic Conditions Impact
Adverse economic conditions could affect leisure and business travel trends, impacting hotel performance.
Management's outlook
Management expects to experience continued challenges due to market dynamics but has not provided explicit numeric guidance.
Earlier filings 4
10-K · February 28, 2025
Marcus Corporation (MCS) describes a dual-focus strategy on movie theatres and hotels & resorts, leaning on premium in-theatre experiences (DreamLounger, UltraScreen DLX/SuperScreen DLX/IMAX/ScreenX) and…
10-Q · October 31, 2024
Marcus Corporation reported quarterly revenue of $232,668,000 (13 weeks ended September 26, 2024), up from $208,766,000 a year earlier, and generated operating income of $32,782,000 and net earnings of $23,314,000 for…
10-Q · August 1, 2024
Marcus Corporation reported Q2 total revenue of $176,032,000 and a diluted loss per share of $(0.64). Operating income shrank to $2,237,000 versus $20,810,000 in the prior-year quarter, and the company recorded a net…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.