The Marcus Corporation Reports First Quarter Fiscal 2023 Results

MILWAUKEE--(BUSINESS WIRE)--May 4, 2023--

The Marcus Corporation (NYSE: MCS) today reported results for the first quarter fiscal 2023 ended March 30, 2023.

“Our reported first quarter fiscal 2023 results marked a significant improvement over the same period last year, with increased revenues from both divisions contributing to our performance,” said Gregory S. Marcus, president and chief executive officer of The Marcus Corporation. “Marcus Theatres’ strong results were bolstered by a meaningful increase in the number of exclusively theatrical wide release films during the quarter, while “Avatar: The Way of Water” continued its impressive run. As anticipated, travel was seasonally slower over the winter months, but Marcus Hotels & Resorts is well prepared for the coming busy spring and summer travel season. We are highly optimistic about the many opportunities ahead and are confident our movie theatres, hotels, resorts and restaurants are well positioned to capture strengthening seasonal demand in both businesses.”

First Quarter Fiscal 2023 Highlights