Reports Q4 revenue $162.9M, consensus $155.26M. Reports adjusted EBITDA was $16.6M for the fourth quarter of fiscal 2022, compared to Adjusted EBITDA of $29.3M for the prior year quarter. The decrease in Adjusted EBITDA was due to both the decrease in revenue and the normalization of staffing levels compared to the prior year when labor availability was limited. Full Year Fiscal 2022 Highlights "Thanks to contributions from both Marcus Hotels & Resorts and Marcus Theatres, our fiscal year 2022 results were a significant improvement over fiscal year 2021," said Gregory S. Marcus, president and chief executive officer of The Marcus Corporation. "Our hotel division had a great year, exceeding fiscal year 2019 pre-pandemic revenues and reporting record Adjusted EBITDA. Within our theatre division, moviegoers continued to demonstrate their desire to experience high quality movies on the big screen, with both blockbusters and smaller films performing well and bringing customers back to theatres. We anticipate continued improvements in both divisions in fiscal 2023 as film studios release a greater and more consistent quantity of exciting wide-release films and travel demand from group and business travel continues to grow."
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