On Sept. 25, hotel-and-movie maven Marcus Corp.
- Oh no -- higher sales but lower profits! The tax man had something to do with this, as last year's tax credits for renovating a hotel in Oklahoma City weren't renewed this year.
- Marcus is trying to monetize its theaters in new ways, like screening Green Bay Packers games in Wisconsin theaters, through the magic of digital projection.
- On the hotel and resort side of things, Marcus likes to sign management deals to run the operations of other people's facilities, rather than building its own. Partners include Hilton Hotels
(NYSE:HLT) and Starwood Hotels & Resorts(NYSE:HOT) , and management is actively looking for more of these low-cost opportunities. - Marcus enjoys a three-star ranking in Motley Fool CAPS, our free interactive stock database. While other hotel and movie mavens may be sparse, Marriott
(NYSE:MAR) also holds three stars, while Regal Entertainment(NYSE:RGC) has only two.
(Figures in thousands, except per-share data)
Income Statement Highlights
Q1 2008 |
Q1 2007 |
Change |
|
---|---|---|---|
Sales |
$112,141 |
$93,407 |
20.1% |
Net Profit |
$11,731 |
$13,707 |
(14.4%) |
EPS |
$0.38 |
$0.45 |
(15.6%) |
Diluted Shares |
30,686 |
30,436 |
0.8% |
Get back to basics with the income statement.
Margin Checkup
Q1 2008 |
Q1 2007 |
Change* |
|
---|---|---|---|
Gross Margin |
52.1% |
53.5% |
(1.4) |
Operating Margin |
21% |
22.7% |
(1.7) |
Net Margin |
10.5% |
14.7% |
(4.2) |
Margins are the earnings engine.
Balance Sheet Highlights
Assets |
Q1 2008 |
Q1 2007 |
Change |
---|---|---|---|
Cash + ST Invest. |
$12,629 |
$46,268 |
(72.7%) |
Accounts & Notes Rec. |
$20,517 |
$16,201 |
26.6% |
Inventory* |
$6,942 |
$0 |
N/A |
Liabilities |
Q1 2008 |
Q1 2007 |
Change |
---|---|---|---|
Accounts & Notes Payable |
$14,722 |
$18,697 |
(21.3%) |
Long-Term Debt |
$184,277 |
$127,231 |
44.8% |
The balance sheet reflects the company's health.
Cash Flow Highlights
Free cash flow is a Fool's best friend, but there's no friendly cash flow statements today, folks.
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