Marcus Corp Stock Price, News & Analysis

The Marcus Corporation (NYSE: MCS) reported a strong recovery in its third quarter fiscal 2021, achieving nearly $25 million in Adjusted EBITDA and positive net earnings of $1.76 million. Total revenues reached $145.86 million, a significant increase from $33.59 million in Q3 2020. Both Marcus Theatres and Marcus Hotels & Resorts outperformed their industries, with Marcus Theatres achieving positive Adjusted EBITDA for the first time since the pandemic began. The balance sheet remains solid with $197 million in cash and credit availability.

The Marcus Corporation (NYSE: MCS) has appointed Chad Paris as corporate controller and treasurer. Paris, with over 15 years of experience in finance, previously served as CFO at Jason Group, Inc., where he managed various financial functions and transactions. He holds degrees in management and finance from the University of Wisconsin – Milwaukee and is a certified public accountant. Douglas A. Neis, CFO of The Marcus Corporation, commended Paris for his depth of knowledge in financial management, which is expected to support the company's growth strategy.

The Marcus Corporation (NYSE: MCS) will report its third quarter fiscal 2021 results before the market opens on November 3, 2021. Following the release, a conference call will be held at 10:00 a.m. Central (11:00 a.m. Eastern), accessible via the company's website or by phone. A replay will be available until November 10, 2021. The company is a leader in lodging and entertainment, operating Marcus Theatres, the fourth largest theater circuit in the U.S., with 1,091 screens across 17 states, and Marcus Hotels & Resorts, managing 19 properties.

The Marcus Corporation (NYSE: MCS) has filed a new universal shelf registration statement with the Securities and Exchange Commission. This allows the company to offer an indeterminate number of securities with a maximum aggregate price of up to $150 million. This replaces the previous shelf registration that expired on September 18, 2021. The registration provides flexibility to raise public equity or debt capital for business expansion, acquisitions, or debt repayment. CEO Gregory S. Marcus emphasized the proactive nature of this filing for future financial opportunities.

The Marcus Corporation (NYSE: MCS) has promoted Steve Hilton to senior vice president of operations for Marcus Hotels & Resorts. In this role, Hilton will oversee operations across the hotel portfolio, enhancing systems, talent development, and community engagement. Hilton has over 30 years of experience and previously managed the Omaha Marriott Downtown, recognized as 'Hotel of the Year' in 2019. His extensive background positions him to bolster the company’s service quality and operational excellence.

The Marcus Corporation (NYSE: MCS) announced participation in two virtual investor conferences on September 9, 2021. Executives Gregory S. Marcus and Douglas A. Neis will attend Benchmark’s 8th Annual Virtual Consumer/Media/Entertainment Conference, allowing for one-on-one and small group meetings. They will also participate in the 14th Annual Barrington Research Virtual Fall Investment Conference on the same day. Investors can schedule meetings through the respective firms. The Marcus Corporation is a prominent player in the lodging and entertainment sectors, owning 1,091 screens at 88 locations.

On August 18, 2021, Marcus Hotels & Resorts, a division of The Marcus Corporation (NYSE: MCS), reflagged the Coralville Hotel & Conference Center as the Hyatt Regency Coralville Hotel, marking Iowa's first Hyatt Regency. The property, owned by the City of Coralville, will undergo renovations to enhance guest experience with updated accommodations and dining options. Located in a vibrant mixed-use area, the hotel features 286 rooms, extensive meeting spaces, and direct access to outdoor activities, reinforcing its appeal to both visitors and locals.

The Marcus Corporation (NYSE: MCS) reported its Q2 fiscal 2021 results, showcasing significant operational improvements as the company rebounds from the pandemic. Total revenues rose to $92.5 million from $7.9 million year-over-year. Operating loss narrowed to $26.1 million from $53.1 million, and net losses decreased to $23.4 million, or $0.76 per share, compared to $27.0 million, or $0.89 per share a year earlier. Adjusted EBITDA loss significantly improved to $1.2 million, down from $30.0 million in Q2 2020. The company's business segments, particularly Marcus Theatres and Marcus Hotels, reported positive trends, driven by increased consumer demand.