The Marcus Corp. today reported fiscal fourth quarter net earnings of $3.0 million, or 10 cents per share, up from $2.2 million, or 7 cents per share, in the same period a year ago.
The Milwaukee company's quarterly revenues grew 5.9 percent to $89.1 million from $84.2 million a year earlier.
For the full fiscal year, Marcus Corp.'s net earnings were $16.1 million, down from $17.2 million in fiscal 2009.
"Although fiscal 2010 was a difficult year for Marcus Hotels and Resorts, we are very encouraged by the improvement in our results during the fourth quarter, as we significantly outperformed our segment of the lodging industry as a whole. Marcus Theatres had a strong fiscal 2010, with record revenues and operating income for the second consecutive year," said Gregory Marcus, president and chief executive officer of the company. "Marcus Theatres had another record year in fiscal 2010, with revenues up 4.1 percent and operating income up 2.5 percent over the prior year. Results for the fourth quarter were even with the prior year, as an extremely strong March film line-up was followed by several underperforming films in April and May."
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