The 10-second takeaway
For the quarter ended May 30 (Q4), Marcus missed slightly on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue contracted. GAAP earnings per share shrank significantly.
Margins shrank across the board.
Marcus booked revenue of $100.6 million. The two analysts polled by S&P Capital IQ looked for a top line of $102.2 million on the same basis. GAAP reported sales were 6.7% lower than the prior-year quarter's $107.8 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures are normalized by S&P Capital IQ and may vary to maintain comparability with normalized estimates.
EPS came in at $0.13. The two earnings estimates compiled by S&P Capital IQ predicted $0.16 per share. GAAP EPS of $0.13 for Q4 were 43% lower than the prior-year quarter's $0.23 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures are normalized by S&P Capital IQ and may vary to maintain comparability with normalized estimates.
For the quarter, gross margin was 46.3%, 180 basis points worse than the prior-year quarter. Operating margin was 8.7%, 320 basis points worse than the prior-year quarter. Net margin was 3.5%, 270 basis points worse than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $125.7 million. On the bottom line, the average EPS estimate is $0.44.
Next year's average estimate for revenue is $434.3 million. The average EPS estimate is $0.73.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 48 members out of 50 rating the stock outperform, and two members rating it underperform. Among 14 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 14 give Marcus a green thumbs-up, and give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Marcus is outperform, with an average price target of $14.25.
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