Marcus down quite a bit

posted by Michael Zoldessy on December 23, 2008 at 7:45 am

MILWAUKEE, WI — Marcus Corp. is reporting a 69% drop for the second quarter, but not because of their theaters, they say.

Marcus Corp. said Thursday that investment losses, along with a write-down on a Las Vegas condominium hotel development, were the major reasons behind a 69.1% drop in its second-quarter net income.

But the Milwaukee company’s theaters continue to pack in moviegoers, even as its hotels are hit by declines in business and leisure travelers.

Read more in the Milwaukee Journal-Sentinel.

Comments (1)

markp on December 23, 2008 at 8:20 am

Sounds like the second coming of National Amusements. The theatres are doing great, but all the other activities are sucking them dry.

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