Marcus Corporation Reports $129M In Revenue

Sep. 23, 2013 9:05 AM ETMCS
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Contributor Since 2013

Aaron Spatz is the writer of SEC Live Filings Digest, detailing the news of companies trading on U.S. stock exchanges. The Filings Digest is but one component of the greater website SEC Live, which specializes in making SEC filings easy to read, research, navigate, and much more.

Originally published at www.seclive.com

Filing in Focus: The Marcus Corporation 8-K, September 19, 2013

The Marcus Corporation (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.

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

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