Marcus Corporation (NYSE: MCS) saw its stock plummet 5.32% in the pre-market trading session on Thursday, following the company's release of its fourth quarter and full-year fiscal 2024 results. The disappointing financial performance and cautious outlook appear to be the key factors driving the stock's decline.

According to the , Marcus reported a net income of $1.0 million, or $0.03 per diluted share, for the fourth quarter of fiscal 2024. While this marks an improvement from the net loss of $1.4 million in the same period last year, it fell short of analysts' expectations. Additionally, the company's revenue of $188.3 million, although higher than the previous year, narrowly missed analyst estimates.

The company's theatre division, Marcus Theatres, was a major contributor to the lackluster performance. Despite benefiting from a stronger film slate in the second half of fiscal 2024, the division's revenue for the full year declined to $447.7 million from $458.4 million in fiscal 2023. Operating income for the division also dropped to $22.1 million from $36.2 million in the prior year, partly due to impairment charges of $6.8 million.