Marcus Corp. (MCS)
NYSE:MCS
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Earnings Data
Report Date
Aug 05, 2026Before Open (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.29Last Year’s EPS
0.23Same Quarter Last Year
Strong Buy
Based on 4 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
Overall the call conveyed a positive tone: strong operational performance in theaters with meaningful revenue and adjusted-EBITDA gains on a comparable basis, notable RevPAR and occupancy outperformance in hotels despite ADR pressure, substantial free-cash-flow improvement driven by lower CapEx, and a healthy balance sheet. The primary negatives were a continued operating loss, a decline in hotels adjusted EBITDA and some hotel F&B/other revenue softness, as well as an accounting/calendar headwind of 5 fewer operating days. On balance, the positive operational momentum and liquidity improvements outweigh the headwinds described.Company Guidance
Consolidated Revenue Growth (Comparable Basis)
Consolidated revenues of $154.4M increased $5.6M or 3.8% year-over-year as reported; excluding the 5 fewer operating days in the prior-year period, comparable calendar-quarter revenue rose $20.9M or 15.6%.
Improvement in Adjusted EBITDA
Consolidated adjusted EBITDA was $2.6M, up $2.9M year-over-year. On a comparable calendar-quarter basis (excluding the 5 fewer prior-year days), adjusted EBITDA increased by $8.2M.
Theater Division Outperformance and Strong Box Office
Theater revenue was $92.9M, up $5.6M or 6.4% year-over-year; on a comparable basis revenues rose $17.8M or 23.6%. Comparable admission revenue increased 29% and comparable attendance increased 19.1% on a calendar-quarter basis. Company theaters outperformed the U.S. box office by ~7.6 percentage points on a straight calendar-quarter basis.
Theater Pricing and Per-Capita Improvement
Average admission price increased 7.8% and average concession F&B revenue per person rose 2.4% in the quarter. Theater adjusted EBITDA was $8.0M, up $4.3M year-over-year (comparable-adjusted EBITDA up $9.3M).
Operational & Digital Initiatives Driving Concessions
Completed rollout of tap-to-pay terminals and nearly completed in-seat QR mobile ordering for dine-in locations; digital upsell and ordering improvements expected to support continued concession per-cap growth (management modeling 2%–3% as a reasonable run rate).
Hotels: Solid RevPAR & Occupancy Gains
Hotels and resorts revenues were $61.4M (up $0.1M). Comparable owned-hotel RevPAR grew 13.7% driven by an 8.9 percentage-point occupancy increase (average occupancy 59.2%), despite ADR down 3.4%. After adjusting for a prior-year renovation, hotels outperformed competitive sets on RevPAR by ~11.5 percentage points.
Material Free Cash Flow & CapEx Reduction
Q1 capital expenditures were $6.6M (down $16.4M YoY); company expects 2026 CapEx of $50–$55M and projects a significant increase in free cash flow. Q1 free cash flow improved by $36.5M versus prior year.
Strong Balance Sheet and Liquidity
Ended the quarter with over $11M in cash, total liquidity of over $194M, debt-to-capitalization of 28% and net leverage of 1.7x. Company repurchased ~87,000 shares for $1.3M in Q1 while maintaining flexibility for investment or opportunistic repurchases.
Positive Near- and Longer-Term Film Slate and Industry Tailwinds
Management highlighted a significantly improved first-quarter film slate, strong April openings and an encouraging upcoming slate (including multiple family/tentpole titles). Executives also noted industry movement toward longer theatrical windows, which they view as beneficial to theatrical economics.
MCS Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
MCS Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Apr 30, 2026 | $18.98 | $17.62 | -7.17% |
Feb 26, 2026 | $15.88 | $16.42 | +3.40% |
Oct 31, 2025 | $13.09 | $14.25 | +8.85% |
Aug 01, 2025 | $16.12 | $14.64 | -9.16% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Marcus Corp. (MCS) report earnings?
Marcus Corp. (MCS) is schdueled to report earning on Aug 05, 2026, Before Open (Confirmed).
What is Marcus Corp. (MCS) earnings time?
Marcus Corp. (MCS) earnings time is at Aug 05, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is MCS EPS forecast?
MCS EPS forecast for the fiscal quarter 2026 (Q2) is 0.29.