UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2020 Class B common stock outstanding at March 1, 2021 – 7,825,254 Portions of the registrant's definitive Proxy Statement for its 2021 annual meeting of shareholders, which will be filed with the Commission under Regulation 14A within 120 days after the end of our fiscal year, will be incorp ...

The Marcus Corporation (NYSE:MCS) Q4 2020 Results Conference Call March 4, 2021 11:00 AM ET Company Participants Greg Marcus - President and Chief Executive Officer Doug Neis - Executive Vice President, Chief Financial Officer and Treasurer Conference Call Participants Patrick Sholl - Barrington Research Mike Hickey - The Benchmark Company Eric Wold - B. Riley Operator Good morning, everyone, and welcome to The Marcus Corporation Fourth Quarter Earnings Conference Call. My name is Liz, and I will be your ...

The Marcus Corporation (NYSE:MCS) Q3 2020 Earnings Conference Call November 3, 2020 11:00 AM ET Company Participants Greg Marcus - President and CEO Doug Neis - EVP, CFO and Treasurer Conference Call Participants Eric Wold - B. Riley Jim Goss - Barrington Research Mike Hickey - The Benchmark Company Operator Good morning, everyone, and welcome to the Marcus Corporation Third Quarter Earnings Conference Call. My name is Michelle, and I will be your operator for today. At this time, all participants are in a ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 24, 2020 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to __________ Commission File Number 1-12604 THE MARCUS CORPORATION (Exact name of registrant as specified in its charter) Wisconsin 39-1139844 ...

INVESTOR PRESENTATION SEPTEMBER 2020 The Marcus Corporation Forward Looking Statement Certain matters discussed in this presentation are "forward-looking statements" intended to qualify for the safe harbors from liability established by the Private Securities Litigation Reform Act of 1995. These forward-looking statements may generally be identified as such because the context of such statements include words such as we "believe," "anticipate," "expect" or words of similar import. Similarly, statements that ...

The Marcus Corporation (NYSE:MCS) Q2 2020 Earnings Conference Call August 4, 2020 11:00 AM ET Company Participants Greg Marcus - President and CEO Doug Neis - EVP, CFO and Treasurer Conference Call Participants Mike Hickey - The Benchmark Company Eric Wold - B. Riley Jim Goss - Barrington Research Operator Good morning, everyone, and welcome to the Marcus Corporation Second Quarter Earnings Conference Call. My name is Crystal, and I will be your operator for today. At this time, all participants are in list ...

THE MARCUS CORPORATION UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 25, 2020 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to __________ Commission File Number 1-12604 (Exact name of registrant as specified in its charter) Wisconsin 39-1139844 (State ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 26, 2020 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to __________ Commission File Number 1-12604 THE MARCUS CORPORATION (Exact name of registrant as specified in its charter) Wisconsin 39-1139844 (State ...

The Marcus Corporation (NYSE:MCS) Q1 2020 Earnings Conference Call May 5, 2020 11:00 AM ET Company Participants Greg Marcus – President and Chief Executive Officer Doug Neis – Executive Vice President and Chief Financial Officer and Treasurer Conference Call Participants Jim Goss – Barrington Research Mike Hickey – The Benchmark Company Eric Wold – B. Riley Ryan Hamilton – Morgan Dempsey Operator Good morning, and welcome to the Marcus Corporation First Quarter Earnings Conference Call. My name is Stephanie ...

Theatre Operations - As of December 26, 2019, the company operated 91 movie theatres with a total of 1,106 screens across 17 states, making it the 4th largest theatre circuit in the United States[15]. - The acquisition of Movie Tavern on February 1, 2019, added 208 screens at 22 locations, increasing the total number of screens by approximately 23% for a total purchase price of approximately $139.3 million[21]. - As of December 26, 2019, the company offered DreamLounger recliner seating in 63 theatres, representing approximately 72% of its company-owned, first-run theatres[23]. - The company operates 51 theatres with bar service, representing approximately 59% of its company-owned, first-run theatres as of December 26, 2019[25]. - As of December 26, 2019, the company operated 32 theatres with full-service, in-theatre dining, representing approximately 37% of its company-owned, first-run theatres[28]. - The company has digital cinema projection on 100% of its first-run screens, allowing for non-motion picture programming, including live performances and special events[29]. - The theatre division operated 1,106 screens across 91 locations as of fiscal 2019, compared to 889 screens at 68 locations in fiscal 2018[187]. - The acquisition of Movie Tavern added approximately $125.8 million to theatre division revenues during the 47 weeks of ownership in fiscal 2019, increasing total screens by 23%[189]. - Total theatre attendance increased by 8.8% in fiscal 2019, although attendance at comparable theatres decreased by approximately 8.6%[190]. - The "$5 Tuesday" promotion has significantly increased attendance, with a similar response observed at Movie Tavern theatres[178]. - The top 15 performing films accounted for 48% of total admission revenues in fiscal 2019, up from 42% in fiscal 2018[197]. - Average ticket price increased by 8.0% in fiscal 2019, contributing approximately $7.6 million to admission revenues[200]. - Total concession revenues increased by 38.8% in fiscal 2019, with average concession sales per person rising by 27.6%[201]. - The theatre division contributed 67.9% of consolidated revenues and 88.4% of consolidated operating income in fiscal 2019, up from 63.2% and 87.7% in fiscal 2018[187]. - Total revenues for the theatre division increased by 24.7% to $557.1 million in fiscal 2019, driven by the acquisition of Movie Tavern theatres and increased admission and concession revenues[188]. Financial Performance - Revenues for fiscal 2019 were $820,863,000, an increase of 16.0% from $707,120,000 in fiscal 2018[139]. - Net earnings attributable to The Marcus Corporation for fiscal 2019 were $42,017,000, a decrease of 21.3% from $53,391,000 in fiscal 2018[139]. - Net earnings per common share for fiscal 2019 were $1.35, down from $1.86 in fiscal 2018, representing a decline of 27.4%[139]. - Total assets increased to $1,359,186,000 in fiscal 2019 from $989,331,000 in fiscal 2018, reflecting a growth of 37.4%[139]. - Long-term debt decreased to $206,432,000 in fiscal 2019 from $228,863,000 in fiscal 2018, a reduction of 9.8%[139]. - Shareholders' equity attributable to The Marcus Corporation rose to $621,435,000 in fiscal 2019, up 26.9% from $490,009,000 in fiscal 2018[139]. - Capital expenditures and acquisitions for fiscal 2019 totaled $94,167,000, an increase from $58,660,000 in fiscal 2018[139]. - The current ratio for fiscal 2019 was 0.45, slightly down from 0.46 in fiscal 2018[139]. - The debt/capitalization ratio improved to 0.26 in fiscal 2019 from 0.33 in fiscal 2018[139]. - Return on average shareholders' equity for fiscal 2019 was 7.6%, down from 11.4% in fiscal 2018[139]. - Operating income decreased by 18.0% to $68.2 million in fiscal 2019, down from $83.2 million in fiscal 2018[154]. - Investment income rose to $1.4 million in fiscal 2019, compared to $208,000 in fiscal 2018, due to increases in the value of marketable securities[159]. - Interest expense decreased by 9.8% to $11.8 million in fiscal 2019, down from $13.1 million in fiscal 2018[160]. - Other expense decreased by 3.2% to $1.9 million in fiscal 2019, compared to $2.0 million in fiscal 2018[161]. - Fiscal 2019 income tax expense was $12.3 million, a decrease of approximately $800,000, or 6.1%, compared to $13.1 million in fiscal 2018[165]. - The effective income tax rate for fiscal 2019 was 22.7%, up from 19.7% in fiscal 2018, with an anticipated increase to the 24-26% range for fiscal 2020[165]. Hotel and Resort Operations - The hotels and resorts division contributed 32.1% of consolidated revenues and 11.6% of consolidated operating income in fiscal 2019, down from 36.8% and 12.3% in fiscal 2018, respectively[210]. - Total revenues for the hotels and resorts division in fiscal 2019 were $263.4 million, representing a 1.3% increase from $259.9 million in fiscal 2018[212]. - Operating income decreased to $10.1 million in fiscal 2019, a decline of 19.5% compared to $12.5 million in fiscal 2018[210]. - Room revenues fell to $105.9 million in fiscal 2019, a decrease of 2.7% from $108.8 million in fiscal 2018[212]. - Food and beverage revenues increased to $74.7 million in fiscal 2019, up 2.6% from $72.8 million in fiscal 2018[212]. - Other revenues rose to $46.5 million in fiscal 2019, reflecting a 2.7% increase from $45.3 million in fiscal 2018[212]. - The total number of available rooms increased to 5,385 in fiscal 2019, up from 5,275 in fiscal 2018[210]. - Management contracts with other owners increased to 1,945 rooms in fiscal 2019, compared to 1,833 rooms in fiscal 2018[210]. - Cost reimbursements grew by 10.0% to $36.3 million in fiscal 2019, up from $33.0 million in fiscal 2018[212]. - The operating margin for the hotels and resorts division was 3.8% in fiscal 2019, down from 4.8% in fiscal 2018[210]. Strategic Initiatives and Challenges - The company continues to pursue additional strategies to increase ancillary revenue sources, including advertising and sponsorships[36]. - The company faces intense competition from larger national and regional chains, impacting its market positioning[71]. - Economic downturns may adversely affect the hotels and resorts division, particularly impacting group travel customers[89]. - The company expects to derive most of its business from traditional distribution channels, but increasing sales through third-party internet travel intermediaries could decrease consumer loyalty[90]. - Strategic initiatives may require significant capital expenditures, with uncertain returns on investment from these initiatives[92]. - The company has a history of successfully integrating acquisitions, including the Movie Tavern business, but faces operational risks such as management distraction and market entry challenges[93]. - The movie theatre and hotels and resorts businesses are heavily capital intensive, requiring substantial upfront cash investments before generating sufficient revenues[94]. - The company periodically assesses indicators of impairment for long-lived assets, as demographic changes and economic conditions may render some properties unprofitable[95]. - Achieving growth objectives in both theatre and hotels and resorts divisions depends on the ability to identify suitable properties for acquisition and development[96]. - The company may act as an investment fund sponsor to acquire additional hotel properties, which requires identifying suitable joint venture partners or raising equity funds[98]. - Adverse economic conditions may hinder the company's ability to obtain financing on reasonable terms, impacting liquidity and growth objectives[99]. - Joint venture investments may involve risks such as shared control and potential bankruptcy of partners, affecting the management of joint venture assets[100]. - The company’s properties are subject to risks from acts of God, terrorism, and other crises, which may adversely affect financial results[101]. - Information technology systems are critical for operations, and any failure or cyber attack could disrupt business and lead to increased costs[102]. Future Outlook - Fiscal 2020 capital expenditures in the theatre division are anticipated to total approximately $45-$60 million[177]. - The company plans to invest approximately $20-$25 million in capital expenditures for hotels and resorts in fiscal 2020, excluding unidentified acquisitions[185]. - The company has assumed management of the Hyatt Regency Schaumburg hotel, which has 468 rooms and underwent a $15 million renovation[185]. - The company increased its quarterly common stock cash dividend rate by 6.3% in the first quarter of fiscal 2020, following increases of 20.0% and 6.7% in previous years[185]. - Fiscal 2020 is expected to benefit from an additional week of operations, potentially increasing revenues and operating income[209]. - The film slate for fiscal 2020 is anticipated to include a higher quantity of films, which may enhance box office performance[208]. - The company expects an increase in average concession sales per person in fiscal 2020 due to more non-traditional food and beverage outlets[201].