Originally published at www.seclive.com
Filing in Focus: The Marcus Corporation 8-K, September 19, 2013
The Marcus Corporation (NYSE:MCS) announced its financial results for the first quarter of fiscal year 2014, reporting record revenues of $129.0M, a 9.4% increase from a year ago with $117.9M. Net earnings increased 25.8% from $10.7M to $13.4M while earnings per share increased from $0.37 to $0.50. Marcus Theatres buoyed the company's efforts while Marcus Hotels & Resorts also made strong contributions. President and CEO Gregory Marcus commented that this summer marked a very strong lineup of high-profile films for Marcus Theatres, making a marked impact on revenue and earnings. CFO Douglas Neis remarked that with the company's strong financial position and growth strategies, both the Theaters segment and Hotels & Resorts segment are positioned to continue profitable growth.
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