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Marcus Corp lost $125 million in 2020

Marcus Corp. lost $125 million in 2020 Expects to capitalize on pent-up demand as pandemic subsides Share Last updated on March 9th, 2021 at 11:23 am Milwaukee-based Marcus Corp. lost $124.8 million during fiscal 2020, which its CEO called the most challenging year in company history due to the COVID-19 pandemic. The hotel, movie theater and restaurant chain operator on Thursday reported total revenues of $237.7 million for fiscal 2020, down about 71% from fiscal 2019, when the company recorded earnings of $820.9 million. Marcus recorded a net loss of $4.13 per share for the year, compared to earnings of $42 million, or $1.35 per share in 2019. For the fourth quarter of fiscal 2020, total revenue dropped 82% year-over-year, from $206.9 million in the 2019 fiscal fourth quarter to $36.7 million in the 2020 fourth quarter.

Movie Theater Operator Marcus Corp Posts Dim Q4 Results, But Execs Anticipate A Real Summer Season

Marcus Corp., which runs the fourth-largest movie theater circuit in the U.S., posted fourth-quarter results below Wall Street forecasts, but execs point to brighter days in the next few months. “If the film schedule holds,” CFO Doug Neis said during a conference call with analysts, “we have much higher hopes that we’re going to have […]

Marcus Corp (MCS) Q4 2020 Earnings Call Transcript

Marcus Corp (MCS) Q4 2020 Earnings Call Transcript
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