Greg Marcus

“Today, we are thrilled to report a quarter with great financial performance in both of our businesses. In our theater division, our admission revenue growth outperformed the domestic box office, driven by a strong film slate and a mix of films that played well in our predominantly Midwestern markets.”

“Last quarter, we talked about the improving trends we were seeing, including a stronger film slate and what felt like a turning point in June. The third quarter had a strong start in July, and we anticipated a good quarter in both of our businesses.”

“Over the last few quarterly earnings calls, we've talked about our outlook for the year in terms of two storylines that we expected to play out over the short term.”

“I'd like to start today by reflecting on fiscal 2023. We started the year with an expectation that both businesses would continue on their trend of growth with theaters continuing to recover with an increase in film supply and hotels continuing to grow occupancy.”

“As I shared in our last quarterly call, the third quarter got off to a strong start in July. In Theaters, a string of blockbusters drove huge audiences to see movies on the big screen.”