Marcus (MCS) Q2 FY26 earnings call

Marcus Corporation delivered its best second quarter since 2019, achieving record consolidated revenue and adjusted EBITDA, driven by strong performance in both its theater and hotel divisions. The theatrical segment benefited from a robust film slate and strategic pricing, while hotels saw strong group business and resilient leisure demand. The company also significantly increased free cash flow, supported by reduced capital expenditures, and maintains a strong balance sheet for potential growth investments or shareholder returns.