Latest news with #quarterlyresults
Yahoo
an hour ago
- Business
- Yahoo
Colgate-Palmolive Second-Quarter Results Unexpectedly Rise; Maintains 2025 Outlook
Colgate-Palmolive's (CL) second-quarter results unexpectedly increased on an annual basis despite ch Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Associated Press
4 hours ago
- Business
- Associated Press
Marcus Corporation Reports Second Quarter Fiscal 2025 Results
MILWAUKEE--(BUSINESS WIRE)--Aug 1, 2025-- The Marcus Corporation (NYSE: MCS) today reported results for the second quarter fiscal 2025 ended June 30, 2025. 'It was a strong quarter for Marcus Corporation, with significant growth in revenue, operating income, net earnings and Adjusted EBITDA,' said Gregory S. Marcus, chief executive officer of Marcus Corporation. 'Marcus Theatres led the way, as significant improvements in both the quality and quantity of new films drove marked increases in attendance throughout the quarter. Marcus Hotels & Resorts also performed well as group business continued to grow, particularly at our newly renovated hotels. As we look ahead, we remain confident in the operating strength of both businesses and remain focused on driving performance at every level.' Second Quarter Fiscal 2025 Highlights First Half Fiscal 2025 Highlights Marcus Theatres ® Revenues, operating income and Adjusted EBITDA improved significantly in the second quarter of fiscal 2025. Total revenues were $131.7 million, a 29.8% increase compared to the second quarter of fiscal 2024. Operating income was $15.7 million, a $12.9 million increase compared to the second quarter of fiscal 2024. Adjusted EBITDA was $26.5 million, a 76.2% increase from the second quarter of fiscal 2024. Same store admission revenues for the second quarter of fiscal 2025 increased 29.3%. Same store attendance increased 26.7% in the second quarter of fiscal 2025 with average ticket prices up 2.0% compared to the prior year quarter primarily due to stronger mix of films playing to premium large format screens. Average concession revenues per person increased 3.1% during the second quarter compared to the prior year quarter. During the second quarter of fiscal 2025, Marcus Theatres' top five highest-performing films were A Minecraft Movie, Lilo & Stitch, Sinners, How To Train Your Dragon, and Thunderbolts*. 'The steady cadence of broadly appealing new movies during the second quarter of fiscal 2025 are making it a summer to remember at Marcus Theatres,' said Mark A. Gramz, president of Marcus Theatres. 'The second quarter got off to a great start with the blockbuster successes of A Minecraft Movie, Sinners and Thunderbolts*, followed closely by hit films like Lilo & Stitch and Mission Impossible - The Final Reckoning, which led to a record Memorial Day weekend for Marcus Theatres. June was similarly upbeat, with the rhythm of appealing new releases continuing to bring moviegoers back to the theatre to enjoy more great films. Momentum continued into the start of the third quarter fiscal 2025 with strong performances from Jurassic World Rebirth and Superman, with more exciting film releases planned throughout the rest of summer and remainder of the year.' Several films have contributed to early fiscal 2025 third quarter results, including: Superman, Jurassic World Rebirth, and The Fantastic Four: First Steps, with a strong film slate scheduled for the remainder of the year, including TheNaked Gun, The Bad Guys 2, Freakier Friday, The Conjuring: Last Rites, Downton Abbey: The Grand Finale, Tron: Ares, The Black Phone 2, Mortal Kombat 2, Now You See Me: Now You Don't, Wicked: For Good, Zootopia 2, Five Nights at Freddy's 2, The SpongeBob Movie: Search for SquarePants and Avatar: Fire and Ash. During the second quarter, Marcus Theatres completed renovations at the Marcus Syracuse Cinema (formerly Movie Tavern Syracuse) in New York and Movie Tavern Trexlertown in Pennsylvania including fully remodeled lobbies, new concession stands and self-serve drink stations, enhanced bar areas with additional screens for sports and special event viewing, and refreshed decor with improved guest flow throughout the buildings. Similar investments in revenue-enhancing amenities were completed in July at Marcus Brannon Crossing Cinema (formerly Movie Tavern Brannon Crossing) in Kentucky. Marcus ® Hotels & Resorts During the second quarter of fiscal 2025, Marcus Hotels & Resorts reported total revenues before cost reimbursements of $64.6 million, a 1.2% increase over the prior year quarter. Operating income of $4.2 million during the second quarter of fiscal 2025 decreased $1.9 million and was impacted by an increase in depreciation expense of $1.7 million following hotel renovations completed in 2024. Adjusted EBITDA was $11.2 million in the second quarter of fiscal 2025, a 1.8% decrease compared to the prior year quarter. Revenues, operating income and Adjusted EBITDA during the second quarter and first half of fiscal 2025 were negatively impacted by the Hilton Milwaukee renovation. Revenue per available room, or RevPAR, decreased 2.9% at company-owned hotels during the second quarter of fiscal 2025 compared to the second quarter of fiscal 2024. RevPAR growth was unfavorably impacted by the Hilton Milwaukee renovation, which resulted in some rooms displacement during seasonally higher demand periods due to reduced capacity of available rooms. The renovation of the guest rooms was completed at the end of June 2025, with all guest rooms returned to service at the beginning of the fiscal third quarter. 'We are pleased with our results during the second quarter of fiscal 2025, with total revenues on par with the same period last year despite a large number of rooms out of service during the Hilton Milwaukee renovation,' said Michael R. Evans, president of Marcus Hotels & Resorts. 'All 554 guest rooms are now fully renovated and available as the busy summer and convention seasons continue. While leisure travel is seeing some industry-wide softening, group demand at Marcus Hotels & Resorts remains strong.' The last phase of extensive renovations at Hilton Milwaukee is underway. The transformation of the hotel's 34,000 square feet of meeting and event spaces as well as its exquisite lobby and bar will be completed by the end of the year. Fiscal Year Change Beginning December 27, 2024, the Company's fiscal year changed from a 52-53 week fiscal year ending on the last Thursday of each year to a fiscal year ending on December 31 of each year. Accordingly, beginning in the current year, the Company's quarterly results will be for three-month periods ending March 31, June 30, September 30 and December 31. Conference Call and Webcast Marcus Corporation management will hold a conference call today, Friday, August 1, 2025, at 10:00 a.m. Central/11:00 a.m. Eastern time. Interested parties may listen to the call live on the internet through the investor relations section of the company's website: or by dialing 1-404-975-4839 and entering the passcode 862370. Listeners should dial in to the call at least 5-10 minutes prior to the start of the call or should go to the website at least 15 minutes prior to the call to download and install any necessary audio software. A telephone replay of the conference call will be available through Friday, August 8, 2025, by dialing 1-866-813-9403 and entering passcode 658050. The webcast will be archived on the company's website until its next earnings release. Non-GAAP Financial Measure Adjusted EBITDA has been presented in this press release as a supplemental measure of financial performance that is not required by, or presented in accordance with, GAAP. The company defines Adjusted EBITDA as net earnings (loss) attributable to The Marcus Corporation before investment income or loss, interest expense, other expense, gain or loss on disposition of property, equipment and other assets, equity earnings or losses from unconsolidated joint ventures, net earnings or losses attributable to noncontrolling interests, income taxes, depreciation and amortization and non-cash share-based compensation expense, adjusted to eliminate the impact of certain items that the company does not consider indicative of its core operating performance. A reconciliation of this measure to the equivalent measure under GAAP, along with reconciliations of this measure for each of our operating segments, are set forth in the attached table. Adjusted EBITDA is a key measure used by management and the company's board of directors to assess the company's financial performance and enterprise value. The company believes that Adjusted EBITDA is a useful measure, as it eliminates certain expenses and gains that are not indicative of the company's core operating performance and facilitates a comparison of the company's core operating performance on a consistent basis from period to period. The company also uses Adjusted EBITDA as a basis to determine certain annual cash bonuses and long-term incentive awards, to supplement GAAP measures of performance to evaluate the effectiveness of its business strategies, to make budgeting decisions, and to compare its performance against that of other peer companies using similar measures. Adjusted EBITDA is also used by analysts, investors and other interested parties as a performance measure to evaluate industry competitors. Adjusted EBITDA is a non-GAAP measure of the company's financial performance and should not be considered as an alternative to net earnings (loss) as a measure of financial performance, or any other performance measure derived in accordance with GAAP and it should not be construed as an inference that the company's future results will be unaffected by unusual or non-recurring items. Additionally, Adjusted EBITDA is not intended to be a measure of liquidity or free cash flow for management's discretionary use. In addition, this non-GAAP measure excludes certain non-recurring and other charges and has its limitations as an analytical tool. You should not consider Adjusted EBITDA in isolation or as a substitute for analysis of the company's results as reported under GAAP. In evaluating Adjusted EBITDA, you should be aware that in the future the company will incur expenses that are the same as or similar to some of the items eliminated in the adjustments made to determine Adjusted EBITDA, such as acquisition expenses, preopening expenses, accelerated depreciation, impairment charges and other adjustments. The company's presentation of Adjusted EBITDA should not be construed to imply that the company's future results will be unaffected by any such adjustments. Definitions and calculations of Adjusted EBITDA differ among companies in our industries, and therefore Adjusted EBITDA disclosed by the company may not be comparable to the measures disclosed by other companies. About The Marcus Corporation Headquartered in Milwaukee, Marcus Corporation is a leader in the lodging and entertainment industries, with significant company-owned real estate assets. Marcus Corporation's theatre division, Marcus Theatres ®, is the fourth largest theatre circuit in the U.S. and currently owns or operates 985 screens at 78 locations in 17 states under the Marcus Theatres, Movie Tavern ® by Marcus and Bistro Plex® brands. The company's lodging division, Marcus ® Hotels & Resorts, owns and/or manages 16 hotels, resorts and other properties in eight states. For more information, please visit the company's website at Certain matters discussed in this press release are 'forward-looking statements' intended to qualify for the safe harbors from liability established by the Private Securities Litigation Reform Act of 1995. These forward-looking statements may generally be identified as such because the context of such statements include words such as we 'believe,' 'anticipate,' 'expect' or words of similar import. Similarly, statements that describe our future plans, objectives or goals are also forward-looking statements. Such forward-looking statements are subject to certain risks and uncertainties which may cause results to differ materially from those expected, including, but not limited to, the following: (1) the adverse effects future pandemics or epidemics may have on our theatre and hotels and resorts businesses, results of operations, liquidity, cash flows, financial condition, access to credit markets and ability to service our existing and future indebtedness; (2) the availability, in terms of both quantity and audience appeal, of motion pictures for our theatre division (including disruptions in the production of films due to events such as tariffs or a strike by actors, writers or directors or future pandemics); (3) the effects of theatre industry dynamics such as the maintenance of a suitable window between the date such motion pictures are released in theatres and the date they are released to other distribution channels; (4) the effects of adverse economic conditions in our markets; (5) the effects of adverse economic conditions on our ability to obtain financing on reasonable and acceptable terms, if at all; (6) the effects on our occupancy and room rates caused by the relative industry supply of available rooms at comparable lodging facilities in our markets; (7) the effects of competitive conditions in our markets; (8) our ability to achieve expected benefits and performance from our strategic initiatives and acquisitions; (9) the effects of increasing depreciation expenses, reduced operating profits during major property renovations, impairment losses, and preopening and start-up costs due to the capital intensive nature of our business; (10) the effects of changes in the availability of and cost of labor and other supplies essential to the operation of our business; (11) the effects of tariffs that are implemented or merely threatened on our costs; (12) the effects of weather conditions, particularly during the winter in the Midwest and in our other markets; (13) our ability to identify properties to acquire, develop and/or manage and the continuing availability of funds for such development; (14) the adverse impact on business and consumer spending on travel, leisure and entertainment resulting from terrorist attacks in the United States or other incidents of violence in public venues such as hotels and movie theatres; and (15) a disruption in our business and reputational and economic risks associated with civil securities claims brought by shareholders. These statements are not guarantees of future performance and are subject to risks, uncertainties and other factors, some of which are beyond our control and difficult to predict and could cause actual results to differ materially from those expressed or forecasted in the forward-looking statements. Our forward-looking statements are based upon our assumptions, which are based upon currently available information. Shareholders, potential investors and other readers are urged to consider these factors carefully in evaluating the forward-looking statements and are cautioned not to place undue reliance on such forward-looking statements. The forward-looking statements made herein are made only as of the date of this press release and we undertake no obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances. View source version on CONTACT: For additional information, contact: Investors: Chad Paris (414) 905-1100 [email protected]: Megan Hakes (414) 788-6599 [email protected] KEYWORD: WISCONSIN UNITED STATES NORTH AMERICA INDUSTRY KEYWORD: ENTERTAINMENT FILM & MOTION PICTURES OTHER TRAVEL VACATION LODGING TRAVEL SOURCE: The Marcus Corporation Copyright Business Wire 2025. PUB: 08/01/2025 07:45 AM/DISC: 08/01/2025 07:45 AM
Yahoo
a day ago
- Business
- Yahoo
Why eBay Stock Is Leading the S&P 500 Thursday
Key Takeaways Shares of eBay jumped Thursday as the company's quarterly results and outlook exceeded expectations. The auction site operator's stock has been the best-performing S&P 500 component Thursday. EBay's revenue, adjusted earnings, and gross merchandise volume all came in ahead of the Wall Street consensus, according to Visible of eBay (EBAY) soared Thursday as the online auction-site operator posted better-than-expected quarterly revenue and profit and issued a strong outlook. The stock traded 19% higher in recent trading, leading all companies on the S&P 500. Shares of eBay have surged nearly 50% in 2025. Revenue for eBay's second quarter came in at $2.73 billion, up 6% year-over-year and above the analyst consensus from Visible Alpha. Adjusted earnings rose to $643 million, or $1.37 per share, from $602 million, or $1.19 per share a year earlier. EBay's gross merchandise volume rose 6% to $19.5 billion in the period, also topping estimates. Looking ahead, eBay said it expects third-quarter revenue of $2.69 billion to $2.74 billion and adjusted EPS in the range of $1.29 to $1.34. Wall Street had called for $2.66 billion in revenue and EPS of $1.30. Read the original article on Investopedia Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Russia Today
a day ago
- Business
- Russia Today
USA verhängen neue Sanktionen gegen iranische Öl-Flotte
(MENAFN- IANS) Ahmedabad, July 31 (IANS) Adani Enterprises Ltd (AEL), the flagship company of the Adani Group, on Thursday said that EBITDA from incubating businesses have increased by 5 per cent to Rs 2,800 crore in the April-June quarter (Q1 FY26) on a year-on-year basis -- contributing 74 per cent to the quarterly results. The company registered consolidated EBITDA at Rs 3,786 crore and consolidated profit before tax (PBT) at Rs 1,466 crore – with total income at Rs 22,437 crore -- in the quarter ended June 30. "Adani Enterprises has established itself as one of the world's most successful infrastructure incubators. The substantial rise in EBITDA contribution from our incubating businesses reflects the strength and scalability of our operating model,' said Gautam Adani, Chairman of the Adani Group. This performance has been led by the airports business, which delivered an exceptional 61 per cent year-on-year growth in EBITDA to Rs 1,094 crore. "With landmark assets like the Navi Mumbai International Airport, the Copper Plant and the Ganga Expressway set to become operational, we are accelerating our mission to build next-generation infrastructure platforms that are globally benchmarked, technologically advanced and strategically vital to India's growth story," Gautam Adani noted. Results for the quarter were impacted primarily on account of the decrease in trade volume and volatility of index prices in IRM and commercial mining, the company said. Among the business highlights of the quarter, Adani New Industries Ltd (ANIL) received its first external order of 300 MW for the new 3.3 MW WTG model. ANIL has successfully supplied 1GW of India's largest 5.2 MW wind turbines. It also commissioned India's first off-grid 5 MW Green Hydrogen pilot plant, marking a major milestone in the nation's clean energy transition. Adani Airport Holdings Ltd (AAHL-Airports) secured $1.75 billion through ECBs and project financing across six airports and MIAL to enable financial flexibility for growth in the quarter. Mumbai airport received its tariff order for the 4th control period - FY25 to FY29 - with an effective date from May 16, 2025. During the quarter, seven new routes and two new airlines were added, the company informed. AEL said it will witness operationalisation of the large infra-assets during this fiscal year, reflecting its project execution capabilities, which should result in EBITDA unlock and long-term value creation. MENAFN31072025000231011071ID1109867306
Fast Company
a day ago
- Business
- Fast Company
Cigna's 2nd quarter profits beat Wall Street's expectations
Cigna beat Wall Street estimate for second-quarter profit on Thursday, helped by strength in its pharmacy benefit management business. It is one of the last health insurers to report quarterly results for the sector, which has been bogged down by persistently high medical costs in government-backed plans. Cigna, however, is insulated from such cost pressures as it recently sold its Medicare business to Health Care Service Corp. It banks more on its pharmacy benefit management and commercial health insurance businesses. 'Our performance in the second quarter reflects our disciplined execution and the strength of our business mix,' said CEO David Cordani. Revenue from its Evernorth healthcare services unit, which includes Cigna's pharmacy benefit management business, rose 17% to $57.83 billion during the quarter. Pharmacy benefit managers help negotiate drug prices and coverage with manufacturers on behalf of employers and health plan clients. PBMs' business practices, however, have drawn increasing scrutiny in recent years from U.S. lawmakers looking to lower drug prices, state attorneys generals and from the Federal Trade Commission, which released a report earlier this year accusing PBMs of inflating drug costs. Cigna's adjusted profit of $7.20 per share topped analysts' average estimate of $7.15 per share, according to data compiled by LSEG. The company maintained its annual adjusted profit forecast of at least $29.60 per share, while analysts expect $29.68 per share. For the quarter, it reported a medical care ratio — the percentage of premiums spent on medical care — of 83.2%, up from 82.3% a year earlier, but in line with analysts' estimate. The company said the increase was due to higher stop-loss medical costs. Stop-loss insurance plans help protect health plan sponsors, typically an employer, when medical claims pass a pre-designated threshold.
