Overview

* Marcus fiscal Q3 revenue decreases 9.7% yr/yr, missing analyst expectations

* Adjusted EBITDA for fiscal Q3 misses analyst estimates

* Company repurchases $9 mln in shares, authorizes buyback of up to 4 mln additional shares

Outlook

* Marcus anticipates strong film slate for remainder of 2025 and into 2026

* Company expects continued strength in group business at Marcus Hotels

* Marcus Board authorizes repurchase of up to 4.0 mln additional shares

Result Drivers

* HOTEL REVENUE GROWTH - Marcus Hotels & Resorts achieved revenue growth despite a tough comparison to last year's Republican National Convention boost

* THEATRE REVENUE DECLINE - Marcus Theatres' revenue decreased due to fewer blockbuster films and an unfavorable film mix

* SHARE REPURCHASES - Marcus repurchased $9 mln in shares and authorized buyback of up to 4 mln additional shares

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Miss $210.20 $214.80

Revenue mln mln (5

Analysts

)

Q3 EPS $0.52

Q3 Net $16.20

Earnings mln

Q3 Miss $40.40 $42.80

Adjusted mln mln (4

EBITDA Analysts

)

Q3 $22.70

Operatin mln

g Income

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the leisure & recreation peer group is "buy"

* Wall Street's median 12-month price target for Marcus Corp ( MCS ) is $24.00, about 44.9% above its October 30 closing price of $13.23

* The stock recently traded at 22 times the next 12-month earnings vs. a P/E of 30 three months ago

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)