10-Q quarterly report · filed Oct 31, 2025

MARCUS CORP (MCS) Q3 2025 10-Q Quarterly Report

Short answer

MARCUS CORP (MCS) filed its Q3 2025 10-Q quarterly report on Oct 31, 2025 for the quarter ended Sep 30, 2025. Quarterly revenue was $210M (down 9.7% year over year) with net income of $16M.

Q3 2025 key financials · XBRL

Revenue
$210M
−9.7% YoY · +2.0% QoQ
Net income
$16M
−30.4% YoY · +121.7% QoQ
Operating margin
10.8%

Source: XBRL data from the MARCUS CORP (MCS) Q3 2025 10-Q on SEC EDGAR. USD.

MARCUS CORP Q3 2025 10-Q analysis

AI summary of MD&A and risk factor updates

Management Discussion & Analysis

  • Revenue $210.2M, down 9.7% YoY; operating income $22.7M vs $32.8M
  • Theatre revenue $119.9M, down 16.6%; operating margin 10.3% vs 15.1%
  • Hotels and resorts revenue $90.1M, up 1.6%; operating margin 18.1% vs 19.2%
  • Theatre worst performer, attendance down 18.7%; hotels occupancy 78.4% vs 76.7%
  • Fiscal 2025 effective tax-rate outlook 32%–34%; headwinds include weaker film mix and higher depreciation costs

Risk Factors

  • New tariff risk: threatened or implemented tariffs may raise commodity and film-production costs
  • Regulatory trade risk: retaliation could trigger unpredictable trade wars and supply reductions
  • Most material operating risk: film shortages from WGA and SAG-AFTRA strikes reduced theatrical releases in fiscal 2023 and 2024
  • Competitive market risk: studios may send films directly to streaming services, reducing theatrical content
  • Financial performance risk: quarterly results remain volatile because film quantity and audience appeal vary by quarter

Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K

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