MILWAUKEE — Total revenues for Marcus Corporation declined slightly during the second quarter, while its Marcus Theatres division and the Hotels & Resorts division had record revenue.
According to Thursday’s announcement, total revenues for the second quarter for Marcus Corporation was $115,676,000, a slight decrease from revenues of $116,061,000 for the second quarter of fiscal 2015. In addition, operating income was $10,554,000 for the second quarter, a 9.2 percent decrease from operating income of $11,620,000 for the second quarter of fiscal 2015.
“Although the theatre division had a challenging second quarter, both divisions still achieved record operating income for the first 26 weeks of the transition period. Second quarter results for Marcus Hotels & Resorts benefited from a higher average daily rate and strong cost controls, which helped to offset the impact of a weaker film slate and a significant number of screens out of service for upgrades for Marcus Theatres,” said Gregory S. Marcus, president and chief executive officer of The Marcus Corporation, in a statement.
The hotel division achieved a 33.1 percent increase in operating income in the second quarter and a 14.4 percent increase in operating income for the first 25 weeks.