Marcus Corp Files 10-Q for Period Ending March 28, 2024

AI Summary

MARCUS CORP (MCS) filed a Quarterly Report (10-Q) with the SEC on May 2, 2024. The filing covers the quarterly period ending March 28, 2024. Marcus Corp is listed under the SIC code 7830 for Services-Motion Picture Theaters. The company's principal business address is 100 East Wisconsin Avenue, Suite 1900, Milwaukee, WI 53202-4125. The filing includes data related to common stock and Class B common stock. Financial data points such as admission, occupancy, concessions, and food & beverage revenue are included.

Why It Matters

For investors and stakeholders tracking MARCUS CORP, this filing contains several important signals. This 10-Q filing provides investors with the latest financial performance and operational details for Marcus Corp, crucial for understanding the company's current standing in the motion picture theater industry. The specific financial metrics and segment data within the report will allow stakeholders to assess revenue streams, profitability, and potential risks or opportunities facing the company.

Risk Assessment

Risk Level: low — MARCUS CORP shows low risk based on this filing. The filing is a standard quarterly report (10-Q) and does not contain immediate red flags or significant negative developments, indicating a routine disclosure.

Analyst Insight

Review the detailed financial statements and segment performance within the 10-Q to assess revenue trends and operational efficiency for Marcus Corp.

Revenue Breakdown

Key Numbers

• 2024-03-28 — Reporting Period End Date (CONFORMED PERIOD OF REPORT)
• 2024-05-02 — Filing Date (FILED AS OF DATE)
• 0000062234-24-000028 — Accession Number (ACCESSION NUMBER)
• 12-26 — Fiscal Year End (FISCAL YEAR END)

Key Players & Entities

• MARCUS CORP (company) — FILER
• 7830 (dollar_amount) — STANDARD INDUSTRIAL CLASSIFICATION
• WI (company) — STATE OF INCORPORATION
• 100 EAST WISCONSIN AVENUE (company) — BUSINESS ADDRESS
• MILWAUKEE (company) — CITY
• 53202-4125 (company) — ZIP
• 4142726020 (company) — BUSINESS PHONE
• MCS (company) — ticker symbol

FAQ

Key Financial Figures

• $1.00 — ange on which registered Common Stock, $1.00 par value MCS New York Stock Exchange

Filing Documents

• mcs-20240328.htm (10-Q) — 1060KB
• mcs-20240328x10qxex311.htm (EX-31.1) — 10KB
• mcs-20240328x10qxex312.htm (EX-31.2) — 10KB
• mcs-20240328x10qxex32.htm (EX-32) — 4KB
• 0000062234-24-000028.txt ( ) — 6760KB
• mcs-20240328.xsd (EX-101.SCH) — 43KB
• mcs-20240328_cal.xml (EX-101.CAL) — 80KB
• mcs-20240328_def.xml (EX-101.DEF) — 252KB
• mcs-20240328_lab.xml (EX-101.LAB) — 605KB
• mcs-20240328_pre.xml (EX-101.PRE) — 405KB
• mcs-20240328_htm.xml (XML) — 1154KB

– FINANCIAL INFORMATION

PART I – FINANCIAL INFORMATION Item 1. Consolidated Financial Statements (Unaudited): Consolidated Balance Sheets 3 Consolidated Statements of Earnings (Loss) 5 Consolidated Statements of Comprehensive Income (Loss) 6 Consolidated Statements of Cash Flows 7 Condensed Notes to Consolidated Financial Statements 8 Item 2.

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 15 Item 3.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 24 Item 4.

Controls and Procedures

Controls and Procedures 24

– OTHER INFORMATION

PART II – OTHER INFORMATION Item 1A.

Risk Factors

Risk Factors 25 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 25 Item 4. Mine Safety Disclosures 25 Item 5 . Other Information 25 Item 6. Exhibits 26

Signatures

Signatures S- 1 2 Table of Contents

– FINANCIAL INFORMATION

PART I – FINANCIAL INFORMATION

Consolidated Financial Statements

Item 1. Consolidated Financial Statements THE MARCUS CORPORATION Consolidated Balance Sheets (in thousands, except share and per share data) March 28, 2024 December 28, 2023 ASSETS Current assets: Cash and cash equivalents $ 17,258 $ 55,589 Restricted cash 3,295 4,249 Accounts receivable, net of reserves of $ 199 and $ 115 , respectively 13,425 19,703 Assets held for sale 2,980 — Other current assets 24,589 22,175 Total current assets 61,547 101,716 Property and equipment: Land and improvements 130,977 131,833 Buildings and improvements 715,849 719,521 Leasehold improvements 166,450 166,245 Furniture, fixtures and equipment 399,117 397,150 Finance lease right-of-use assets 30,106 30,106 Construction in progress 21,703 11,432 Total property and equipment 1,464,202 1,456,287 Less accumulated depreciation and amortization 786,004 774,025 Net property and equipment 678,198 682,262 Operating lease right-of-use assets 173,068 179,788 Other assets: Investments in joint ventures 5,451 1,718 Goodwill 74,996 74,996 Deferred incomes taxes 728 — Other 24,147 24,623 Total other assets 105,322 101,337 TOTAL ASSETS $ 1,018,135 $ 1,065,103 See accompanying condensed notes to consolidated financial statements. 3 Table of Contents THE MARCUS CORPORATION Consolidated Balance Sheets (in thousands, except share and per share data) March 28, 2024 December 28, 2023 LIABILITIES AND SHAREHOLDERS' EQUITY Current liabilities: Accounts payable $ 29,574 $ 37,384 Taxes other than income taxes 15,785 18,585 Accrued compensation 12,704 22,598 Other accrued liabilities 56,899 57,685 Current portion of finance lease obligations 2,602 2,579 Current portion of operating lease obligations 14,061 15,290 Current maturities of long-term debt 10,273 10,303 Total current liabilities 141,898 164,424 Finance lease obligations 12,129 12,753 Operating lease obligations 172,985 178,582 Long-term debt 159,506 159,548 Deferred income taxes 25,311 3

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View this 10-Q filing on SEC EDGAR