Marcus reports increase in 4Q earnings

Special to The Freeman

July 24, 2014

MILWAUKEE — The Marcus Corp. said Thursday its fourth-quarter earnings increased 7.8 percent.

In addition, the Milwaukee-based company said fourth-quarter net income rose 22.4 percent to $4.25 million, or 16 cents a share, from $3.48 million, or 13 cents, a year earlier. Revenue rose to $108.5 million from $100.6 million, the company said.

“Our excellent fourth quarter results provided a strong ending to a very solid year for The Marcus Corp. 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 S. Marcus, president and chief executive officer of The Marcus Corp.

Revenue for Marcus Theaters rose 10.7 percent, while revenue for Marcus Hotels & Resorts rose 4.2 percent.