Marcus announces quarterly results

Freeman Staff

Sept. 19, 2014

MILWAUKEE - The Marcus Corporation announced it saw operating income fall 6.8 percent in the first quarter of fiscal year 2015 and net earrings per share was down 10 percent to $0.45.

President and CEO Gregory Marcus said admissions revenues for Marcus Theatres outperformed industry and cited “a weaker summer movie slate” for the decrease.

The company’s Marcus Hotels & Resorts saw record revenues at comparable company-owned hotels with an increase of 6.5 percent, according to Marcus.

“Occupancy is at historic highs and the average daily rate continues to increase,” he said.