Marcus Corp Files 10-Q for Q2 2024
Ticker: MCS · Form: 10-Q · Filed: Aug 1, 2024 · CIK: 62234
| Field | Detail |
|---|---|
| Company | Marcus CORP (MCS) |
| Form Type | 10-Q |
| Filed Date | Aug 1, 2024 |
| Risk Level | low |
| Pages | 17 |
| Reading Time | 20 min |
| Key Dollar Amounts | $1.00 |
| Sentiment | neutral |
Sentiment: neutral
Topics: 10-Q, quarterly-report, financials, entertainment
TL;DR
Marcus Corp's Q2 10-Q is in, check the hotel & theater numbers.
AI Summary
Marcus Corporation filed its 10-Q for the period ending June 27, 2024, reporting on its hotel and theater businesses. The filing details financial performance and operational updates for the quarter. Specific financial figures and operational metrics for the hotel and theater segments are provided within the report.
Why It Matters
This filing provides investors with a detailed look at Marcus Corporation's financial health and operational performance in its hotel and theater divisions for the second quarter of 2024.
Risk Assessment
Risk Level: low — This is a routine quarterly filing providing financial updates and does not contain significant new risks.
Key Numbers
- Q2 2024 — Reporting Period (Financial performance for the second quarter of 2024 is detailed.)
- 12-26 — Fiscal Year End (Indicates the company's fiscal year concludes on December 26th.)
Key Players & Entities
- MARCUS CORP (company) — Filer
- 20240627 (date) — Period of Report
- 20240801 (date) — Filed as of Date
- 100 EAST WISCONSIN AVENUE (address) — Business Address
- MILWAUKEE (location) — City
- WI (location) — State
- 53202-4125 (zip_code) — Business Zip Code
- 4142726020 (phone_number) — Business Phone
FAQ
What is the reporting period for this 10-Q filing?
The reporting period for this 10-Q filing is June 27, 2024.
What is the company's primary business as indicated by its SIC code?
The company's Standard Industrial Classification (SIC) code is 7830, which corresponds to Services-Motion Picture Theaters.
Where is Marcus Corporation headquartered?
Marcus Corporation is headquartered in Milwaukee, WI, with its business address at 100 East Wisconsin Avenue, Suite 1900.
What is the SEC file number for Marcus Corporation?
The SEC file number for Marcus Corporation is 001-12604.
When was this 10-Q filing submitted?
This 10-Q filing was submitted on August 1, 2024.
Filing Stats: 5,064 words · 20 min read · ~17 pages · Grade level 19.1 · Accepted 2024-08-01 16:20:10
Key Financial Figures
- $1.00 — ange on which registered Common Stock, $1.00 par value MCS New York Stock Exchange
Filing Documents
- mcs-20240627.htm (10-Q) — 1478KB
- mcs-20240627x10qxex311.htm (EX-31.1) — 10KB
- mcs-20240627x10qxex312.htm (EX-31.2) — 10KB
- mcs-20240627x10qxex32.htm (EX-32) — 4KB
- 0000062234-24-000047.txt ( ) — 8455KB
- mcs-20240627.xsd (EX-101.SCH) — 46KB
- mcs-20240627_cal.xml (EX-101.CAL) — 84KB
- mcs-20240627_def.xml (EX-101.DEF) — 276KB
- mcs-20240627_lab.xml (EX-101.LAB) — 654KB
- mcs-20240627_pre.xml (EX-101.PRE) — 440KB
- mcs-20240627_htm.xml (XML) — 1653KB
– 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 16 Item 3.
Quantitative and Qualitative Disclosures About Market Risk
Quantitative and Qualitative Disclosures About Market Risk 26 Item 4.
Controls and Procedures
Controls and Procedures 26
– OTHER INFORMATION
PART II – OTHER INFORMATION Item 1A.
Risk Factors
Risk Factors 28 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 28 Item 4. Mine Safety Disclosures 28 Item 5. Other Information 28 Item 6. Exhibits 29
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) June 27, 2024 December 28, 2023 ASSETS Current assets: Cash and cash equivalents $ 32,810 $ 55,589 Restricted cash 4,975 4,249 Accounts receivable, net of reserves of $ 213 and $ 115 , respectively 28,046 19,703 Other current assets 24,882 22,175 Total current assets 90,713 101,716 Property and equipment: Land and improvements 130,837 131,833 Buildings and improvements 731,936 719,521 Leasehold improvements 163,693 166,245 Furniture, fixtures and equipment 419,515 397,150 Finance lease right-of-use assets 30,037 30,106 Construction in progress 7,937 11,432 Total property and equipment 1,483,955 1,456,287 Less accumulated depreciation and amortization 798,091 774,025 Net property and equipment 685,864 682,262 Operating lease right-of-use assets 171,193 179,788 Other assets: Investments in joint ventures 5,401 1,718 Goodwill 74,996 74,996 Other 23,931 24,623 Total other assets 104,328 101,337 TOTAL ASSETS $ 1,052,098 $ 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) June 27, 2024 December 28, 2023 LIABILITIES AND SHAREHOLDERS' EQUITY Current liabilities: Accounts payable $ 47,804 $ 37,384 Taxes other than income taxes 18,635 18,585 Accrued compensation 19,174 22,598 Other accrued liabilities 66,151 57,685 Current portion of finance lease obligations 2,512 2,579 Current portion of operating lease obligations 14,077 15,290 Current maturities of long-term debt 10,815 10,303 Total current liabilities 179,168 164,424 Finance lease obligations 11,578 12,753 Operating lease obligations 170,638 178,582 Long-term debt 164,862 159,548 Deferred income taxes 30,150 32,235 Other long-term obligations 46,276 46,389 Shareholde