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Marcus Theatres
Marcus Corp
Theater Owner Marcus Corp. Back In The Black For First Time Since Covid On “Higher-Performing New Films” As Exhibition Rallies
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deadline.com
deadline.comMarcus Corp., which owns leading exhibitor Marcus Theatres and a chain of hotels, said it posted a profit last quarter for the first time since Covid struck bolstered by increasing vaccination rates, improving consumer confidence and the release of a greater number of high-performing new films.The shares are up more than 4%.
Cinemark and AMC Entertainment stock also headed higher, up, respectively, 4% and 10%. Marcus said total revenue more than quadrupled to $145.9 million for the three months ended in September and it swung to a profit of $1.76 million from a loss of $39.4 million.On the exhibition side, sales from theater operations jumped to $38.2 million for the quarter from $3.1 million the year before, and concession ran up to $35.9
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