MILWAUKEE – Marcus Corp. on Thursday reported a fiscal
third-quart profit, the Milwaukee-based company said in a
The operator of movie theaters and hotels said it had net income
of $4.1 million, or 15 cents a share, compared to a loss of $1.4
million, or 5 cents a share. Revenue for the three months ended
Feb. 27 increased 17 percent to $109.8 million from $93.7
million, the statement said.
According to the statement, recent results benefited from a
settlement with the company’s partners in the Skirvin Hilton
hotel in Oklahoma City, which added 8 cents a share to earnings.
The company also attributed its third-quarter profit to a strong
lineup of movies and a smooth transition in leadership in its
“We are very pleased to report such a strong third quarter
driven by record results for Marcus Theatres. The division
outperformed the industry for the period. In addition to a
strong slate of films this quarter, this division has undergone
a smooth transition in leadership and we are making investments
in new features and amenities at select locations and executing
successful marketing strategies that have attracted more
moviegoers to our theatres,” said Gregory S. Marcus, president
and chief executive officer of The Marcus Corp.