The Marcus Corporation (MCS) Q2 2010 Earnings Call July 22, 2010 11:30 am ET Executives Doug Neis - CFO and Treasurer Greg Marcus - President and CEO Analysts Marla Backer - Hudson Square David Loeb - Baird Herb Buchbinder - Wells Fargo Advisors PresentationOperator At this time I would like to turn the program over to Mr. Neis for his opening remarks. Please go ahead, sir. Douglas Neis
Well thank you and welcome to our fiscal 2010 fourth quarter and yearend conference call. As usual I need to begin by staying to the plan making a number of forward-looking statements on our call today. Forward-looking statements include, but not be limited to statements about our future revenues and earnings expectations, our future RevPAR, occupancy rates and room rate expectations for our hotels and resorts division. Our expectations about the quality, quantity and audience appeal, some product expected to be made available to us in the future, expectations about the future trends in the business group in leisure travel industry and in our markets, expectations and plans regarding growth in the number and type of our properties and facilities, expectations regarding various non-operating lines on earning statement and our expectations regarding future capital expenditures. Of course our actual results could differ materially from those projected or suggested by our forward-looking statements. Factors, risks and uncertainties which could impact our ability to achieve our expectations and including the risk factors section of our 10-K and 10-Q filings which can be obtained from the SEC or the Company. We also post our Regulation G disclosure when applicable on our website at www.marcuscorp.com. So with that behind let us talk about our fiscal 2010 fourth quarter and yearend results. We are certainly pleased with the results we reported this morning. The positive trends in our hotels and resorts business continued resulting in substantial year-over-year improvement in that division and even though our theatre business was essentially even with last year during the fourth quarter. Fiscal 2010 still represented our second straight year of record revenues and operating income from this division.