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Marcus Corp (MCS) Q4 2020 Earnings Call Transcript

Marcus Corp (MCS) Q4 2020 Earnings Call Transcript
Motley Fool Transcribers
© The Motley Fool
Logo of jester cap with thought bubble.
Marcus Corp (NYSE: MCS)
Operator
Good morning everyone and welcome to The Marcus Corporation Fourth Quarter Earnings Conference Call. My name is Liz and I will be your operator for today. [Operator Instructions] As a reminder, this conference is being recorded.
Joining us today are Greg Marcus, President and Chief Executive Officer; and Doug Neis, Executive Vice President, Chief Financial Officer and Treasurer of The Marcus Corporation.
At this time, I d like to turn the program over to Mr. Neis for his opening remarks. Please go ahead, sir. ....

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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
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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. ....

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Marcus Corp (MCS) Q4 2020 Earnings Call Transcript

Marcus Corp (MCS) Q4 2020 Earnings Call Transcript
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Marcus Theatres offer residents a private cinema experience all month

Just in time for Valentine s Day, Marcus Theatres invites residents to celebrate "We Love Movies" month with the private cinema experience. ....

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