The Marcus Corporation, founded by Ben Marcus in 1935 with a single movie theatre in Ripon, Wisconsin, has grown into a significant player in the entertainment and hospitality sectors. The company operates through two main segments: Theatres and Hotels and Resorts. The Theatres segment, operating under brands like Marcus Theatres ...The Marcus Corporation, founded by Ben Marcus in 1935 with a single movie theatre in Ripon, Wisconsin, has grown into a significant player in the entertainment and hospitality sectors. The company operates through two main segments: Theatres and Hotels and Resorts. The Theatres segment, operating under brands like Marcus Theatres and Movie Tavern by Marcus, manages multi-screen cinema complexes and family entertainment centers such as Funset Boulevard. By December 30, 2021, this segment included 1,064 screens across 85 venues in 17 states, offering diverse movie-going experiences from traditional cinemas to dine-in concepts.
The Hotels and Resorts segment focuses on full-service accommodation, with the company owning or holding majority interest in 8 hotels and managing 11 additional properties for third-party owners. They also provide hospitality management services including front desk operations, housekeeping, and property upkeep for vacation ownership developments. With a portfolio of over 4,500 rooms and more than 345,000 square feet of meeting space, the company emphasizes quality and innovation in hospitality.
Financially, The Marcus Corporation has shown resilience with a market capitalization of approximately $945.5 million USD, and a price-to-earnings ratio of about 42. The company maintains a dividend of $0.32 per share, reflecting a commitment to shareholder returns. Its enterprise value stands at around $1.24 billion, with a net debt to EBITDA ratio of 2.782, indicating a moderate leverage level. The company's revenue per share is about $25.52, and it has a book value per share of $14.76.
Under the leadership of CEO Gregory S. Marcus, who has been with the company since 2008, The Marcus Corporation continues to adapt to changing market dynamics, focusing on enhancing guest experiences and expanding its real estate assets. The company's long-standing history, diversified operations, and strategic management positions it well for future growth in the entertainment and hospitality industries.
Operator: Thank you. Good morning, everyone, and welcome to Marcus Corporation's Second Quarter Earnings Conference Call. My name is Jonathan, and I will be your operator for today. As a reminder, this conference is being recorded. Joining us today are Greg Marcus, Chairman, President and Chief Executive Officer, and Chad Paris, Chief Financial Officer and Treasurer of The Marcus Corporation. At this time, I'd like to turn the program over to Mr. Paris for his opening remarks. Please go ahead, sir.
Chad Paris: Good morning and welcome to our 2026 second quarter conference call. I need to begin by stating that we plan to make a number of forward-looking statements on our call today, which may be identified by our use of words such as believe, anticipate, expect, or other similar words. Our forward-looking statements are subject to certain risks and uncertainties, which may cause our actual results to differ materially from those expected or projected in our forward-looking statements. These statements are only made as of the date of this conference call, and we disclaim any obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances. The risks and uncertainties which could impact our ability to achieve our expectations identified in our forward-looking statements are included under the heading, forward-looking statements, in the press release we issued this morning announcing our 2026 second quarter results, and in the risk factor section of our fiscal 2025 annual report on Form 10-K, which you can access on the SEC's website. Additionally, we refer you to the disclosures and reconciliations we provided in today's earnings press release regarding the use of adjusted EBITDA, a non-GAAP financial measure, in evaluating our performance and its limitations, a copy of which is available on the Investor Relations page of our website at investors.marcuscorp.com. All right, with that behind us, let's begin. I'll start this morning by spending a few minutes sharing the results from our second quarter and discuss our balance sheet and liquidity. I'll then turn the call over to Greg, who will focus his prepared remarks on where our businesses are today and what we see ahead. We'll then open up the call for questions. This morning we reported our best second quarter since 2019, and it was a quarter where the intersection of strong demand and both businesses outperforming their respective industries and comp sets combined to deliver new post-pandemic second quarter records for consolidated Marcus Corporation revenue and adjusted EBITDA. As we shared on our last call, the second quarter got off to a strong start in our theatre division with The Super Mario Galaxy Movie creating great momentum heading into a strong slate for the summer moviegoing season. Audiences headed to our theatres for one great movie after another to deliver several positive surprises and our strongest second quarter in theatres since the …
