MAY 2023 Forward Looking Statement Adjusted EBITDA is a key measure used by management and the company's board of directors to assess the company's financial performance and enterprise value. The company believes that Adjusted EBITDA is a useful measure, as it eliminates certain expenses and gains that are not indicative of the company's core operating performance and facilitates a comparison of the company's core operating performance on a consistent basis from period to period. The company also uses Adjus ...

The Marcus Corporation (NYSE:MCS) Q1 2023 Earnings Conference Call May 4, 2023 11:00 AM ET Company Participants Gregory Marcus - President, CEO & Director Chad Paris - CFO & Treasurer Conference Call Participants Eric Wold - B. Riley Securities James Goss - Barrington Research Michael Hickey - Benchmark Company Ryan Hamilton - Morgan Dempsey Capital Management Chris Potter - Northern Border Investment Operator Good morning, everyone and welcome to The Marcus Corporation First Quarter Earnings Conference Cal ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 30, 2023 Commission File Number 1-12604 THE MARCUS CORPORATION | (Exact name of registrant as specified in its charter) | | | | --- | --- | --- | | Wisconsin | | 39-1139844 | | (State or other jurisdiction of | | (I.R.S. Employer | | incorporation or organization) | | Ident ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K (Mark One) x ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 29, 2022 o 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 ...

Marcus Corp (NYSE:MCS) Q4 2022 Earnings Conference Call March 2, 2023 11:00 AM ET Company Participants Gregory Marcus - President, CEO & Director Chad Paris - CFO & Treasurer Conference Call Participants Eric Wold - B. Riley Securities James Goss - Barrington Research Associates Operator Good morning, everyone, and welcome to the Marcus Corporation Fourth Quarter Earnings Conference Call. My name is Emily, and I'll be your operator for today. [Operator Instructions]. As a reminder, this conference is being ...

The Marcus Corporation (NYSE:MCS) Q3 2022 Earnings Conference Call November 3, 2022 11:00 AM ET Company Participants Greg Marcus - President and Chief Executive Officer Chad Paris - Chief Financial Officer and Treasurer Conference Call Participants Jim Goss - Barrington Research Mike Hickey - The Benchmark Company Andrew Shapiro - Lawndale Capital Management Operator Good morning, everyone and welcome to The Marcus Corporation Third Quarter Earnings Conference Call. My name is Nadia and I will be your opera ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) 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 or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.) 100 East Wisconsin Avenue, Suite 1900 Milwaukee ,Wisconsin 53202-4125 (Address of principal executive offices) (Zip ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2022 o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Indicate the number of shares outstanding of each of the issuer's classes of common stock, as of the latest practicable date. COMMON STOCK OUTSTANDING AT AUGUST 1, 2022 – 24,3 ...

Financial Data and Key Metrics Changes - Consolidated revenues more than doubled year-over-year, increasing from $92 million to over $198 million in Q2 2022 [11] - Consolidated adjusted EBITDA improved from a negative $1 million to a positive $37 million [11] - Cash flow from operations was $48.8 million, an increase of over $45 million compared to the prior year [28] - The company ended the quarter with $57.7 million in cash and nearly $280 million in total cash and revolving credit available liquidity [30] Business Line Data and Key Metrics Changes Theater Division - The theater division contributed approximately 71% of the combined $40 million of adjusted EBITDA [13] - Average admission price increased by 3.3% year-over-year and 9.3% compared to fiscal 2019 [15] - Average concession food and beverage revenues per person increased by 2.9% year-over-year and 23% compared to fiscal 2019 [16][17] Hotel Division - Hotel revenues were $69 million, with adjusted EBITDA reaching a record $11.8 million for the second quarter [22] - Total revenue for the hotel division was nearly 99% of 2019 levels [23] - RevPAR for comparable owned hotels decreased by 6.3% compared to Q2 2019, outperforming the industry average decline of 9% [24] Market Data and Key Metrics Changes - Admission revenues were down 24% compared to 2019, while U.S. box office receipts decreased 26.6% during the same period [19] - The hotel division's non-group business represented approximately 63% of total rooms revenue, down from 75% a year ago [53] Company Strategy and Development Direction - The company aims to optimize revenue management and enhance service for returning business travelers and group events [54] - The focus is on increasing the number of films released theatrically and collaborating with content providers for exclusive theatrical runs [44] - The company is committed to maintaining a strong balance sheet and pursuing growth opportunities through investments and acquisitions [62] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the recovery in both theater and hotel divisions, noting strong customer demand and a robust film slate [35][36] - The company anticipates continued progress in the recovery of the industry, particularly for group and business travel [59] - Management acknowledged potential macroeconomic challenges but remains confident in the ongoing recovery [87] Other Important Information - The Board of Directors reinstated a quarterly dividend of $0.05 per share, reflecting confidence in the recovery and cash flow generation [33][63] - The company repaid $46.6 million of short-term borrowings, reducing pandemic-related debt [32] Q&A Session Summary Question: Trends in admissions and concessions - Management noted strong traffic in theaters and a preference for premium large format screens, with successful pricing changes implemented [72][73] Question: Technology and concession sales - Management discussed efforts to reduce wait times at concession stands through mobile app enhancements and upselling strategies [74][75] Question: Day-and-date release strategy - Management confirmed that a theatrical window is beneficial for the film distribution ecosystem, emphasizing the importance of exclusive theatrical runs [78][80] Question: Normalization of business vs. leisure travel - Management indicated that the shift back to a more normalized mix of business and leisure travel is underway, with expectations for further improvement in 2023 [87] Question: Dividend reinstatement and share repurchase - Management expressed confidence in the recovery and sustainable cash flow generation, indicating that the dividend is a first step, with potential for future increases [108][110]

The Marcus Corporation (NYSE:MCS) Q1 2021 Results Conference Call May 5, 2022 11:00 AM ET Company Participants Greg Marcus - President and CEO Doug Neis - EVP and CFO Chad Paris - Corporate Controller and Treasurer Conference Call Participants Mike Hickey - Benchmark Company Eric Wold - B. Riley Securities Jim Goss - Barrington Research Andrew Shapiro - Lawndale Capital Management Ryan Hamilton - Morgan Dempsey Capital Management Operator Good morning, everyone, and welcome to The Marcus Corporation First Q ...