| Metric | Value ($ M) | Q1 FY25 |
|---|---|---|
| Revenue | 154.40 | 3.8% |
| Total Income | 154.40 | 3.8% |
| Expenditure | 173.67 | 2.6% |
| PBT | -22.99 | 4.9% |
| Net Profit | -15.35 | 8.7% |
| OPM | -12.47% | 1.25pp |
| NPM | -9.94% | 1.36pp |
| EPS | — |
Marcus Corporation Reports Q1 FY26 Revenue Up 3.8% to $154.4 Million, Adjusted EBITDA at $2.6 Million
30 Apr 2026 · 30 Apr, 6:22 pm
Summary
The Marcus Corporation reported a solid start to fiscal 2026, with total revenues for the first quarter increasing by 3.8% to $154.4 million. The company demonstrated improved profitability, reducing its operating loss by 5.6% to $19.3 million and its net loss to $15.4 million. Notably, Adjusted EBITDA turned positive at $2.6 million, a significant improvement from a loss in the prior year. Both Marcus Theatres and Marcus Hotels & Resorts divisions outperformed their respective industries, driven by a strong film slate and strategic renovations, with management expressing optimism for continued momentum into the spring and summer seasons.
Key Highlights
- 1
Total revenues for the first quarter of fiscal 2026 increased by 3.8% to $154.4 million, up from $148.8 million in the prior year's first quarter.
- 2
The company reported an operating loss of $19.3 million for Q1 FY26, representing a 5.6% improvement compared to an operating loss of $20.4 million in Q1 FY25.
- 3
Net loss for the quarter improved to $15.4 million, down from a net loss of $16.8 million in the first quarter of fiscal 2025.
- 4
Adjusted EBITDA significantly improved to $2.6 million for Q1 FY26, compared to an Adjusted EBITDA loss of $0.3 million in the same period last year.
- 5
Marcus Theatres division saw total revenues rise by 6.4% to $92.9 million and its Adjusted EBITDA surge by 117.1% to $8.0 million.
- 6
Marcus Hotels & Resorts achieved a 13.7% increase in Revenue per available room (RevPAR) and significantly outperformed its competitive sets by 16.6 percentage points.
- 7
The company expanded its hospitality offerings with the opening of The Marc Hotel and the upcoming launch of the Wee Nip short-course golf course at Grand Geneva Resort & Spa.
Management Comments
Gregory S. Marcus
Both Marcus Theatres and Marcus Hotels & Resorts significantly outperformed their respective industries during the first quarter of fiscal 2026. Fueled by a robust film slate that included Project Hail Mary, the first tentpole success of the year, as well as strong carry-over of holiday films and new family-friendly films that played well in our markets, Marcus Theatres started the year strong. The string of hit films continued into April with the blockbuster The Super Mario Galaxy Movie and the success of Michael. As typically is the case, travel was seasonally slower over the winter months, yet Marcus Hotels & Resorts continued to outperform its competitive sets, with especially strong performance from newly renovated assets. Momentum is building for both divisions as we head into the spring and summer, with growing excitement for the coming slate of new highly anticipated films – including several franchise favorites – and the return of the busy summer travel season.
Jeffry F. Tomachek
While the galactic success of Project Hail Mary led the way during the first quarter of fiscal 2026, moviegoers’ excitement for several other films, including family-friendly hits like Hoppers, Zootopia 2, Goat, and the continuing success of Avatar: Fire and Ash, also meaningfully contributed to our results. Strong box office momentum carried over into the second quarter of fiscal 2026 with the epic debut of The Super Mario Galaxy Movie contributing to our highest grossing five-day Easter weekend since 2019. That film’s continued performance, along with last weekend’s record-breaking opening of Michael, which was the top domestic opening for a music biopic, and strong pre-sales for tomorrow’s opening of The Devil Wears Prada 2, give us even more confidence as we head deeper into what is shaping up to be an exciting year at Marcus Theatres. Looking ahead to the summer movie season, we expect strong audience turnouts for family favorites and beloved franchises including Spider Man: Brand New Day, Star Wars: The Mandalorian and Grogu, Toy Story 5 and Minions & Monsters, appealing spectacles like Masters of the Universe and The Odyssey, and thrillers like Disclosure Day and Verity. As always, our team is ready to deliver memorable movie moments with enticing promotions, hot off the shelf merchandise, and of course the industry’s leading food, beverages and amenities.
Michael R. Evans
Despite the winter months being our slowest season, the Marcus Hotels & Resorts team nevertheless delivered strong revenue results. Our hotels significantly outperformed their competitive sets during the first quarter of fiscal 2026, even after adjusting for the impact of the Hilton Milwaukee renovation on the prior year period. As we approach the busier spring and summer travel seasons, our unwavering focus on driving operational performance and unmatched commitment to the guest experience positions us well to continue capturing strong group bookings and leisure demand, especially at our newly renovated properties.
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