Marcus Corp Stock Price, News & Analysis

Marcus Hotels & Resorts, a division of The Marcus Corporation (NYSE: MCS), will manage the Coralville Marriott Hotel & Conference Center from August 18, 2021. The 286-room hotel will be rebranded as the Hyatt Regency Coralville Hotel & Conference Center, undergoing phased renovations on guest rooms and the Edgewater Grille restaurant. This property is strategically located near the University of Iowa and features extensive meeting space. The collaboration aims to enhance visitor experiences in Coralville, reflecting Marcus's dedication to hospitality and community engagement.

The Marcus Corporation (NYSE: MCS) will participate in three virtual investor conferences in June 2021. The events include:

• June 3: Gabelli Funds Broadcast & Entertainment Symposium at 10:00 a.m. CT.
• June 9: Baird's Global Consumer, Technology & Services Conference at 12:25 p.m. CT.
• June 15: Credit Suisse’s Communications Conference at 1:10 p.m. CT.

Live webcasts will be available on their investor relations website, with replays archived for 90 days post-event.

The Marcus Corporation (NYSE: MCS) reported a significant decline in first quarter fiscal 2021 revenues of $50.8 million, down from $159.5 million the previous year. The operating loss widened to $35.7 million, compared to $22.2 million in Q1 2020. Net loss attributable to the company increased to $28.1 million, resulting in a diluted loss per share of $0.93, up from $0.64. Adjusted EBITDA was a loss of $17.5 million. Despite these challenges, the company remains optimistic, citing recovery in cinema and hotel operations due to improved conditions and vaccine distribution.

The Marcus Corporation (NYSE: MCS) will host its virtual Annual Meeting of Shareholders on May 6, 2021, starting at 9:00 a.m. Central/10:00 a.m. Eastern Time. Shareholders can participate via a live audio webcast, where they will be able to vote and ask questions if registered. The presentation will also include a review of the company’s operations. To join, attendees should log on 15 minutes early to ensure proper audio setup. The presentation will be available for replay until August 6, 2021.

The Marcus Corporation (NYSE: MCS) will report its first quarter fiscal 2021 results on May 5, 2021, before market open. An investor conference call will follow at 10:00 a.m. Central and 11:00 a.m. Eastern. The call can be accessed via the company's website or by dialing 1-574-990-3059 with passcode 9054694. A replay will be available until May 12, 2021. The Marcus Corporation operates as a leader in the lodging and entertainment sectors, managing the fourth largest theatre circuit in the U.S., with 1,097 screens across 89 locations.

The Marcus Corporation (NYSE: MCS) reported significant declines in revenue and increased losses for the fourth quarter and full year of fiscal 2020, attributed primarily to the COVID-19 pandemic. Total revenues in Q4 2020 were $36.7 million, down from $206.9 million in Q4 2019. The company recorded a net loss of $39 million, equivalent to $1.29 per share. For the full year, revenues dropped to $237.7 million from $820.9 million, with a net loss of $124.8 million. Despite these challenges, the company noted improvements in theater attendance and a strong liquidity position of $227 million, as of year-end.

The Marcus Corporation (NYSE: MCS) will release its fourth quarter and full year results for fiscal 2020 before the market opens on March 4, 2021. A conference call will follow at 10:00 a.m. Central/11:00 a.m. Eastern time, available via the company’s investor relations website or by phone. Participants are advised to join early to ensure proper access. A replay of the call will be available until March 11, 2021. The company is a leader in lodging and entertainment, operating 1,097 screens across 89 locations in 17 states through its Marcus Theatres division.

The Marcus Corporation (NYSE: MCS) reported financial results for Q3 fiscal 2020, ending September 24, 2020, amid pandemic challenges. Total revenues fell to $33.6 million from $211.5 million in Q3 2019. The company faced an operating loss of $48 million compared to an operating income of $22.4 million in the prior year. The net loss attributable was $39.4 million, resulting in a diluted loss per share of $1.30. Despite difficulties, the company maintained a net debt-to-cap ratio of 35% and had $218.2 million in cash and credit availability, reinforcing its liquidity position.