Overview
Marcus fiscal Q3 revenue decreases 9.7% yr/yr, missing analyst expectations
Adjusted EBITDA for fiscal Q3 misses analyst estimates
Company repurchases $9 mln in shares, authorizes buyback of up to 4 mln additional shares
Outlook
Marcus anticipates strong film slate for remainder of 2025 and into 2026
Company expects continued strength in group business at Marcus Hotels
Marcus Board authorizes repurchase of up to 4.0 mln additional shares
Result Drivers
HOTEL REVENUE GROWTH - Marcus Hotels & Resorts achieved revenue growth despite a tough comparison to last year's Republican National Convention boost
THEATRE REVENUE DECLINE - Marcus Theatres' revenue decreased due to fewer blockbuster films and an unfavorable film mix
SHARE REPURCHASES - Marcus repurchased $9 mln in shares and authorized buyback of up to 4 mln additional shares
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Revenue | Miss | $210.20 mln | $214.80 mln (5 Analysts) |
Q3 EPS | $0.52 | ||
Q3 Net Earnings | $16.20 mln | ||
Q3 Adjusted EBITDA | Miss | $40.40 mln | $42.80 mln (4 Analysts) |
Q3 Operating Income | $22.70 mln |
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the leisure & recreation peer group is "buy"
Wall Street's median 12-month price target for Marcus Corp is $24.00, about 44.9% above its October 30 closing price of $13.23
The stock recently traded at 22 times the next 12-month earnings vs. a P/E of 30 three months ago
Press Release: ID:nBw67brGYa
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)