The Marcus Corporation (MCS) Earnings
The Marcus Corporation is expected to report next earnings on August 7, 2026 (in NaN days), with a consensus EPS estimate of $0.29. MCS has beaten EPS estimates in 6 of its last 12 reported quarters (average surprise -34.9% over the last four).
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Apr 30, 2026 | $-0.54 | $-0.51 | +5.6% | $154M | +3.8% |
| Feb 26, 2026 | $0.07 | $-0.04 | -163.9% | $193M | +4.5% |
| Oct 31, 2025 | $0.43 | $0.42 | -2.3% | $210M | +1.5% |
| Aug 1, 2025 | $0.19 | $0.23 | +21.1% | $206M | -6.9% |
| Feb 27, 2025 | $0.04 | $0.13 | +225.0% | $188M | +2.9% |
| Oct 31, 2024 | $0.46 | $0.73 | +58.7% | $233M | +32.1% |
| Aug 1, 2024 | $-0.01 | $-0.17 | -2659.7% | $176M | +7.2% |
| May 2, 2024 | $-0.38 | $-0.38 | +0.0% | $139M | +0.7% |
| Feb 29, 2024 | $-0.17 | $-0.05 | +70.6% | $162M | +4.5% |
| Nov 1, 2023 | $0.34 | $0.31 | -8.8% | $209M | +34.7% |
| Aug 2, 2023 | $0.29 | $0.35 | +20.7% | $207M | +4.2% |
| May 4, 2023 | $-0.22 | $-0.31 | -40.9% | $152M | +1.8% |
Source: company filings + earnings calendar. For informational purposes only — not investment advice.
Earnings call summary
Q1 FY2026 · April 30, 2026
AI summary of management’s prepared remarks and analyst Q&A. For informational purposes only — not investment advice.
Management highlights
Chad shared first quarter consolidated results, theater division had revenue growth overcoming fewer operating days headwind, hotel division benefited from renovated assets; Greg mentioned theater division stronger film slate, completed rollout of tap-to-pay terminals and mobile food and beverage ordering, plans to roll out dining digital purchase experience; hotel division discussed investments in renovated hotels, occupancy growth, but seasonal challenges and economic uncertainty in travel costs.
Guidance
Expect capital expenditures for 2026 of 50 to 55 million, significant increase in free cash flow; optimistic about theater film slate and per capita sales growth; prepared to react to potential soft demand in hotel business due to economic uncertainty.
Segment performance
Theater Division: First quarter 2026 total revenue of $92.9 million increased $5.6 million or 6.4% compared to the prior year first quarter. The five fewer operating days negatively impacted theaters revenue growth by $12.2 million. On a comparable calendar quarter basis, excluding this impact, theaters revenues increased $17.8 million or 23.6%. Comparable theater admission revenue increased 9.8% and comparable theater attendance increased 1.9% in fiscal first quarter 2026 compared to fiscal first quarter 2025. Theater Division adjusted EBITDA during the first quarter of 2026 was $8 million, an increase of $4.3 million. Hotels and Resorts Division: Revenues were $61.4 million for the first quarter of 2026, up $100,000 compared to the prior year. The five fewer operating days negatively impacted hotels revenue growth by approximately $3.1 million. On a comparable calendar quarter basis, excluding this impact, hotels revenue before cost reimbursements increased $2.5 million or 5.1%. REVPAR for comparable owned hotels grew 13.7% during the first quarter. Hotels adjusted EBITDA decreased $1.3 million in the first quarter of 2026 compared to the prior year quarter.
Risks & headwinds
Fewer operating days negatively impacted revenue and adjusted EBITDA; seasonal challenges in hotel business with potential winter losses; economic uncertainty affecting travel costs and hotel demand; lease risks as many leases negotiated pre-pandemic not matching current business performance.
Analyst Q&A
Q: Drew asked about concessions initiatives' receptivity and Chad's thoughts on 2% cap rate.
A: QR codes well accepted, digital selling helps upsell, 2 - 3% concessions per cap possible.
Q: Mike Hickey asked on windows and seating.
A: Greg talked about windowing trend benefiting theater, seating innovations on margins, Disney's PLF certification discussed.
Q: Eric Wald asked on hotel renovation rates and share purchases.
A: Hotel renovation leads to 10 - 15% rate uplift, balanced approach on share purchases.
Q: Patrick Shaw asked on theater footprint and film slate impact.
A: Ongoing portfolio management, film slate mix impacts concessions per cap.