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The Marcus Corporation
MCS today reported results for the first quarter ended August 26, 2010. Revenues, operating income and pre-tax earnings increased for the quarter, driven by a significant improvement for Marcus® Hotels and Resorts.
First Quarter Fiscal 2011 Highlights
--Total revenues for the first quarter of fiscal 2011 were $113,956,000, a 3.5% increase from revenues of $110,153,000 for the first quarter of fiscal 2010.
--Operating income was $19,424,000 for the first quarter of fiscal 2011, a 2.4% increase from operating income of $18,975,000 for the same period in the prior year.
--Net earnings were $10,020,000, or $0.34 per diluted common share, for the first quarter of fiscal 2011, approximately even with net earnings of $10,218,000, or $0.34 per diluted common share, for the first quarter of fiscal 2010.
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