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Marcus Corp Q3 revenue beats on ticket prices

By Reuters News


Overview

  • US entertainment and hospitality firm's Q3 revenue rose 13% yr/yr, beating analyst expectations

  • Q3 adjusted EBITDA beat analyst expectations

  • Theatre revenue growth driven by blockbuster films; hotel results aided by strong leisure demand


Outlook

  • Company expects strong holiday movie slate to drive theatre attendance in Q4 2026

  • Company sees hotel demand benefiting from Milwaukee Brewers playoff run and holiday travel

  • Marcus says upper upscale hotels remain well positioned into 2027


Result Drivers

  • BLOCKBUSTER FILMS - Marcus said record theatre revenue was driven by strong attendance for Spider-Man: Brand New Day, The Odyssey, and other family-friendly films

  • HIGHER TICKET AND CONCESSION PRICES - Co said average ticket prices rose 4.3% and concession revenue per person increased 3.8% due to pricing changes and movie-themed merchandise sales

  • LEISURE TRAVEL DEMAND - Marcus Hotels & Resorts saw record Q3 revenue, driven by strong summer leisure travel and higher room rates


Company press release:


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Revenue

Beat

$237.8 mln

$230.36 mln (5 Analysts)

Q3 Net Earnings

$18.80 mln

Q3 Adjusted EBITDA

Beat

$49.1 mln

$46.31 mln (5 Analysts)

Q3 Operating Income

$30.30 mln


Analyst Coverage

  • The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

  • The average consensus recommendation for the leisure & recreation peer group is "buy"

  • Wall Street's median 12-month price target for Marcus Corp is $33.00, about 16.9% above its October 28 closing price of $28.22

  • The stock recently traded at 30 times the next 12-month earnings vs. a P/E of 39 three months ago


Reuters Recommended Reads

  • Oct 27 - Hilton beats Q3 adjusted EPS estimates, net income rises

  • Oct 27 - Royal Caribbean Q3 profit beat expectations on booking volumes; outlook raised

  • Oct 27 - Caesars Q3 revenue misses estimates despite regional growth


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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