The Marcus Corporation (NYSE: MCS) today reported record revenues and increased earnings for the first quarter ended August 29, 2013.
First Quarter Fiscal 2014 Highlights
- Total revenues for the first quarter of fiscal 2014 were a record $129,032,000, a 9.4% increase from revenues of $117,939,000 for the first quarter of fiscal 2013.
- Operating income was $24,347,000 for the first quarter of fiscal 2014, a 19.0% increase from operating income of $20,455,000 for the first quarter of fiscal 2013.
- Net earnings attributable to The Marcus Corporation were $13,431,000 for the first quarter of fiscal 2014, a 25.8% increase from net earnings attributable to The Marcus Corporation of $10,679,000 for the first quarter of fiscal 2013.
- Net earnings per diluted common share attributable to The Marcus Corporation were $0.50 for the first quarter of fiscal 2014, a 35.1% increase from net earnings per diluted common share attributable to The Marcus Corporation of $0.37 for the first quarter of fiscal 2013.
“This was an excellent quarter for The Marcus Corporation. Our record first quarter revenues were driven by a strong summer movie slate for Marcus Theatres®, along with a solid contribution from Marcus® Hotels & Resorts. The 26% increase in net earnings made this our best first quarter since before the 2008 recession,” said Gregory S. Marcus, president and chief executive officer of The Marcus Corporation.
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