MILWAUKEE - The Marcus Corporation
announced Thursday that its revenue increased 13.2
percent during the first quarter for a record total of
For the first quarter of fiscal 2015,
Marcus reported total revenues of $131,769,000. The
company also reported Thursday that its operating income
was $25,856,000 for the first quarter of fiscal 2016, a
14 percent increase from operating income of $22,689,000
for the first quarter of fiscal 2015.
Marcus Theatres also reported a record
quarter with the division experiencing a 20.1 percent
increase in revenues and a 21.6 percent increase in
operating income, according to the announcement.
Movie ticket sales were also strong,
especially during the summer months.
“The strong summer film slate generated a
10.1 percent increase in the national box office for the
corresponding weeks of our first quarter according to
Rentrak, while our box office was up 16.6 percent,” said
Gregory S. Marcus, president and chief executive officer
of The Marcus Corporation, in a statement.
The company also reported a 13.1 percent
increase in concession revenues per person contributed
to a substantial 27.5 percent increase in overall
In addition, net earnings attributable to
The Marcus Corporation were $14,651,000 for the first
quarter of fiscal 2016, a 17.8 percent increase from net
earnings attributable to The Marcus Corporation of
$12,432,000 for the first quarter of fiscal 2015.
“Fiscal 2016 is off to an excellent
start. Not only did we report record revenues for The
Marcus Corporation as a whole, both divisions also
achieved record revenues and operating income for the
quarter. Marcus Theatres continued its momentum,
outperforming the industry for the seventh consecutive
quarter, while Marcus Hotels & Resorts benefited from
strong cost controls and a higher average daily rate,”