Marcus Q1 Profit Rises, Results Beat View - Quick Facts

(RTTNews) - Marcus Corp. (MCS) reported an increase in profit for the first quarter from last year on higher revenues. Results for the quarter beat analysts' estimates.

First-quarter net earnings attributable to the company were $9.45 million or $0.33 per share, up from $5.45 million or $0.20 per share in the year-ago period. On average, analysts polled by Thomson Reuters expected the company to earn $0.26 per share for the quarter. Analysts' estimates typically exclude special items.

Total revenues for the quarter grew 25.9 percent to $157.95 million from $125.44 million in the same period last year. Analysts had a consensus revenue estimate of $153.52 million for the quarter.

"Marcus Theatres drove our strong first quarter performance, setting new all-time records for both revenues and operating income and continuing to outperform the industry. Marcus Hotels & Resorts achieved increased revenues and also outperformed the industry during its traditionally slower winter season," said Gregory Marcus, president and chief executive officer of Marcus Corp.