Stock Track | Marcus Corporation Plummets 7.88% as Net Loss Widens on Weak Theatrical Performance

Stock Track

Feb 27, 2025

Marcus Corporation (MCS) stock plummeted 7.88% in Thursday's intraday trading session, following the company's fiscal 2024 earnings report that showed a wider net loss compared to the prior year.

In its fourth quarter and full year results announced on Thursday, Marcus Corp reported a net loss of $7.8 million for fiscal 2024, a significant decline from the net earnings of $14.8 million in fiscal 2023. The company's operating income also fell by a steep 52.3% year-over-year to $16.2 million.

The weaker performance was primarily driven by headwinds faced by the company's theatre division, Marcus Theatres, in the first half of fiscal 2024 due to a weaker film slate. While the company's hotel division, Marcus Hotels & Resorts, reported a record year, it wasn't enough to offset the underperformance in the theatre business.

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The company's operating income also fell by a steep 52.3% year-over-year to $16.2 million.</p>\n\n<p>The weaker performance was primarily driven by headwinds faced by the company's theatre division, Marcus Theatres, in the first half of fiscal 2024 due to a weaker film slate. While the company's hotel division, Marcus Hotels & Resorts, reported a record year, it wasn't enough to offset the underperformance in the theatre business.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"MCS","symbol_name":"马库斯","start_time":0,"source_url":"","article_id":"1155128044","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1155128044","pubTimestamp":1740669716,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Marcus Corporation  stock plummeted 7.88% in Thursday's intraday trading session, following the company's fiscal 2024 earnings report that showed a wider net loss compared to the prior year.In its fourth quarter and full year results announced on Thursday, Marcus Corp reported a net loss of $7.8 million for fiscal 2024, a significant decline from the net earnings of $14.8 million in fiscal 2023. 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