Revenue during the quarter went down marginally by 1.82 percent to $138.75 million from $141.32 million in the previous year period. Gross margin for the quarter expanded 131 basis points over the previous year period to 46.54 percent. Total expenses were 88.71 percent of quarterly revenues, up from 88.69 percent for the same period last year. That has resulted in a contraction of 2 basis points in operating margin to 11.29 percent.

Operating income for the quarter was $15.66 million, compared with $15.98 million in the previous year period.

"The fourth quarter was a strong finish to fiscal 2016. We achieved record revenues and operating income for the year, as well as a 23% increase in net earnings, despite the extra week in the comparable 2015 period. Marcus Theatres had a record fourth quarter and fiscal year and continued to significantly outperform the industry. Operating income for Marcus Hotels & Resorts was up year-over-year and the division also outperformed the industry, although reduced group business at some of our hotels and one less week of operations compared to 2015 impacted the division's fourth-quarter performance. Both divisions made solid contributions to our record results for fiscal 2016," said Gregory S. Marcus, president and chief executive officer of The Marcus Corporation.