The Marcus Corp. today reported fiscal fourth quarter net earnings of $4.3 million, or 16 cents per share, up from $3.5 million, or 13 cents per share, in the same period a year ago.
The Milwaukee-based company reported record quarterly revenues of $108.5 million, a 7.8-percent increase from $100.1 million a year earlier.
“Our excellent fourth quarter results provided a strong ending to a very solid year for The Marcus Corporation. Fiscal 2014 revenues set new records for both divisions and for the company as a whole. Marcus Theatres significantly outperformed the industry for the second consecutive quarter and Marcus Hotels & Resorts continued its steady improvement,” said Gregory Marcus, president and chief executive officer. “Our excellent fourth quarter results provided a strong ending to a very solid year for The Marcus Corporation. Fiscal 2014 revenues set new records for both divisions and for the company as a whole. Marcus Theatres significantly outperformed the industry for the second consecutive quarter and Marcus Hotels & Resorts continued its steady improvement.”
Fiscal 2014 revenues set new records for both divisions and for the company as a whole.
Revenues for Marcus Theatres were up 10.7 percent for the fourth quarter and 10.8 percent for the full year.
“The fourth quarter revenues and operating income set new records for any 13-week fourth quarter in the division’s history,” Marcus said. “Despite the fact that the national box office was down slightly during our fourth quarter period due to a weaker slate of movies in May, we achieved an 8.2-percent increase in admissions. We attribute this strong performance to the major investments we are making in our theatres, along with successful marketing and operational strategies.”
