The Marcus Corporation (MCS) Thursday reported net loss of $20.22 million or $0.64 per share for the second quarter, compared with net income of $13.47 million or $0.35 per share in the same quarter a year ago.
Net loss for the quarter was negatively impacted by $15 million, or $0.47 per share, of debt conversion expense and related tax impacts of the previously announced convertible senior notes repurchases.
Excluding items, loss was $5.2 million or 0.17 per share.
Revenue for the quarter declined to $176.03 million from $207.01 million in the previous year.
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