The Marcus(MCS)2025-05-06 12:52Financial Performance - Total revenues for Q1 fiscal 2025 were $148.8 million, a 7.4% increase from $138.5 million in Q1 fiscal 2024[4] - Operating loss for Q1 fiscal 2025 was $20.4 million, compared to an operating loss of $16.7 million in the prior year[4] - Net loss for Q1 fiscal 2025 was $16.8 million, compared to a net loss of $11.9 million in Q1 fiscal 2024[4] - Adjusted EBITDA loss was $0.3 million for Q1 fiscal 2025, down from an Adjusted EBITDA of $2.3 million in the prior year[4] - Total revenues for the three months ended March 31, 2025, increased to $148.766 million, up from $138.547 million in the same period of 2024, representing a growth of 7.9%[24] - Theatre admissions revenue rose to $40.931 million, compared to $40.596 million in the prior year, reflecting an increase of 0.8%[24] - The net loss for the three months ended March 31, 2025, was $16.816 million, compared to a net loss of $11.866 million for the same period in 2024, indicating a deterioration of 41.8%[24] - Adjusted EBITDA for the three months ended March 31, 2025, was $(259) thousand, a decrease from $2.291 million in the prior year[34] - Operating loss for the theatre segment was $6.281 million for the three months ended March 31, 2025, compared to a loss of $5.739 million in the same period of 2024[30] Revenue Breakdown - Marcus Theatres reported total revenues of $87.4 million in Q1 fiscal 2025, a 7.5% increase compared to Q1 fiscal 2024[5] - Marcus Hotels & Resorts achieved total revenues of $52.3 million in Q1 fiscal 2025, an 8.9% increase over the prior year[9] - Same store attendance increased by 6.9% in Q1 fiscal 2025, while average ticket prices decreased by 5.1%[6] - Revenue per available room (RevPAR) increased by 1.1% at company-owned hotels in Q1 fiscal 2025[11] Shareholder Returns - The company repurchased approximately 424,000 shares for $7.1 million in Q1 fiscal 2025, totaling over $25 million returned to shareholders in the last four fiscal quarters[14] Assets and Cash Flow - Cash and cash equivalents decreased to $11.865 million as of March 31, 2025, down from $40.841 million at the end of the previous year[25] - Total assets decreased to $1.018 billion as of March 31, 2025, from $1.045 billion at the end of the previous year[25] - The company reported a net cash flow used in operating activities of $(35.329) million for the three months ended March 31, 2025, compared to $(15.098) million in the prior year[32] - Capital expenditures for the three months ended March 31, 2025, were $(23.005) million, compared to $(15.440) million in the same period of 2024[32] Debt and Renovation - Long-term debt increased to $189.062 million as of March 31, 2025, compared to $149.007 million at the end of the previous year, reflecting a rise of 26.9%[26] - The Hilton Milwaukee renovation is expected to be substantially complete in the first half of 2025, enhancing the company's portfolio[12]