Marcus Corp Files Q3 10-Q

TL;DR

Marcus Corp's Q3 10-Q is in. Check financials for hotel & theater biz.

AI Summary

Marcus Corporation filed its 10-Q for the period ending September 26, 2024. The company, primarily involved in motion picture theaters and hotel operations, reported financial results for the third quarter. Key financial metrics and operational data for both its hotel and theater segments were disclosed.

Why It Matters

This filing provides investors with an update on Marcus Corporation's financial performance and operational status, crucial for understanding the company's trajectory in the entertainment and hospitality sectors.

Risk Assessment

Risk Level: low — This is a routine quarterly filing providing standard financial and operational disclosures.

Key Numbers

• 0.0908038 — Shares Outstanding (Represents a share count related to the filing.)
• 0.0943588 — Shares Outstanding (Represents another share count related to the filing.)

Key Players & Entities

• Marcus Corporation (company) — Filer of the 10-Q
• 2024-09-26 (date) — End of the reporting period
• 7830 (other) — Standard Industrial Classification for Motion Picture Theaters
• WI (location) — State of incorporation
• 111 EAST KILBOURN AVENUE (address) — Company's business and mailing address

FAQ

Key Financial Figures

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

Filing Documents

• mcs-20240926.htm (10-Q) — 1591KB
• mcs-20240926x10qxex311.htm (EX-31.1) — 10KB
• mcs-20240926x10qxex312.htm (EX-31.2) — 10KB
• mcs-20240926x10qxex32.htm (EX-32) — 4KB
• 0000062234-24-000055.txt ( ) — 8897KB
• mcs-20240926.xsd (EX-101.SCH) — 46KB
• mcs-20240926_cal.xml (EX-101.CAL) — 89KB
• mcs-20240926_def.xml (EX-101.DEF) — 270KB
• mcs-20240926_lab.xml (EX-101.LAB) — 652KB
• mcs-20240926_pre.xml (EX-101.PRE) — 435KB
• mcs-20240926_htm.xml (XML) — 1838KB

– 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 27 Item 4.

Controls and Procedures

Controls and Procedures 27

– 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) September 26, 2024 December 28, 2023 ASSETS Current assets: Cash and cash equivalents $ 28,415 $ 55,589 Restricted cash 4,630 4,249 Accounts receivable, net of reserves of $ 176 and $ 115 , respectively 28,309 19,703 Other current assets 26,391 22,175 Total current assets 87,745 101,716 Property and equipment: Land and improvements 132,236 131,833 Buildings and improvements 733,972 719,521 Leasehold improvements 163,891 166,245 Furniture, fixtures and equipment 422,296 397,150 Finance lease right-of-use assets 29,219 30,106 Construction in progress 17,551 11,432 Total property and equipment 1,499,165 1,456,287 Less accumulated depreciation and amortization 812,172 774,025 Net property and equipment 686,993 682,262 Operating lease right-of-use assets 168,404 179,788 Other assets: Investments in joint ventures 5,392 1,718 Goodwill 74,996 74,996 Other 23,429 24,623 Total other assets 103,817 101,337 TOTAL ASSETS $ 1,046,959 $ 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) September 26, 2024 December 28, 2023 LIABILITIES AND SHAREHOLDERS' EQUITY Current liabilities: Accounts payable $ 39,284 $ 37,384 Income taxes 847 — Taxes other than income taxes 17,730 18,585 Accrued compensation 17,386 22,598 Other accrued liabilities 58,931 57,685 Current portion of finance lease obligations 2,546 2,579 Current portion of operating lease obligations 14,315 15,290 Current maturities of long-term debt 10,460 10,303 Total current liabilities 161,499 164,424 Finance lease obligations 10,989 12,753 Operating lease obligations 167,384 178,582 Long-term debt 162,633 159,548 Deferred income taxes 34,719 32,235 Other long-term obligati

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View this 10-Q filing on SEC EDGAR