MARCUS CORPORATION Reports 4.3% Revenue Increase and 50.3% Net Income Surge in Q2 FY2023
August 21, 2023
☀️Earnings Overview
On August 3 2023, the MARCUS CORPORATION ($NYSE:MCS) released its earnings report for the second quarter of FY2023, which showed total revenue of USD 207.0 million, a 4.3% rise compared to the same period in the preceding year, and net income of USD 13.5 million, which had increased by 50.3% year-on-year.
Analysis
GoodWhale’s analysis of MARCUS CORPORATION‘s fundamentals has revealed that it is a low risk investment when considering financial and business aspects. However, GoodWhale has detected one risk warning in the company’s income sheet and registered users are able to access this information. Therefore, potential investors should become a registered user in order to make an informed and thorough decision about investing in MARCUS CORPORATION. More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Marcus Corporation. More…
| Total Revenues | Net Income | Net Margin |
| 705.88 | -2.03 | -0.9% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Marcus Corporation. More…
| Operations | Investing | Financing |
| 85.31 | -5.51 | -94.36 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Marcus Corporation. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.07k | 606.51 | 14.57 |
Key Ratios Snapshot
Some of the financial key ratios for Marcus Corporation are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 6.4% | -48.0% | 3.4% |
| FCF Margin | ROE | ROA |
| 6.9% | 3.3% | 1.4% |
Peers
Marcus Corp is a company that owns and operates movie theaters, hotels, and resorts. Event Hospitality and Entertainment Ltd is a company that owns and operates movie theaters and hotels. IPic Entertainment Inc is a company that owns and operates movie theaters and restaurants. Hall Of Fame Resort & Entertainment Co is a company that owns and operates hotels and resorts.
– Event Hospitality and Entertainment Ltd ($ASX:EVT)
Event Hospitality and Entertainment Ltd is one of Australia’s largest hospitality and entertainment companies. The company owns and operates a number of hotels, restaurants, bars, and clubs across the country. Event Hospitality and Entertainment Ltd has a market cap of 2.2B as of 2022, a Return on Equity of 6.48%. The company’s main businesses include hotels, restaurants, bars, and clubs. The company also has a number of subsidiary businesses including event management, catering, and function venues.
– IPic Entertainment Inc ($OTCPK:IPIC)
In 2022, Studio71 US, Inc. had a market capitalization of 4.29 million and a return on equity of 11.33%. The company is a content company that creates, produces, and distributes content across multiple platforms including social, digital, and traditional media outlets.
– Hall Of Fame Resort & Entertainment Co ($NASDAQ:HOFV)
The company’s market cap is $63.3 million and its ROE is 2.83%. The company operates a resort and entertainment complex in Canton, Ohio, which includes a museum, hotel, convention center, and gaming facilities. The company also owns and operates a number of other entertainment and gaming properties in the United States.
Summary
MARCUS CORPORATION reported strong financial results for the second quarter of FY2023, with total revenue of USD 207.0 million, representing a 4.3% increase year-over-year, and net income of USD 13.5 million, a 50.3% jump from the same period in FY2022. This is a positive indication of the company’s growth prospects and investor sentiment. The performance is also supported by a decrease in operating expenses and an increase in its gross margins. MARCUS CORPORATION is, therefore, an attractive option for investors looking for long-term gains in the future.
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