Welcome to our dedicated page for Marcus news (Ticker: MCS), a resource for investors and traders seeking the latest updates and insights on Marcus stock.
The Marcus Corporation reports developments across its entertainment and hospitality businesses, with Marcus Theatres operating movie theatres under the Marcus Theatres, Movie Tavern by Marcus and BistroPlex brands and Marcus Hotels & Resorts owning and managing hotels, resorts and other properties. Company news commonly covers box-office trends, film-slate performance, food-and-beverage concepts such as Zaffiro's, Reel Sizzle, Take Five Lounges and in-auditorium dining, and hotel operating measures such as RevPAR.
Updates also include quarterly results, conference participation, annual shareholder meeting matters, division leadership changes and governance topics. The company's releases often connect theatre attendance, dining formats and hospitality demand with the performance of its company-owned real estate and managed-property portfolio.
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.
Summary not available.
Marcus Hotels & Resorts announced the reopening of Saint Kate – The Arts Hotel on November 5, 2020. The hotel is renowned for its artistic endeavors, ranking #6 on Condé Nast Traveler's 2020 Readers' Choice Awards and being recognized among the Top 10 Best New Hotels by USA Today. Guests can enjoy unique experiences, including art exhibitions and guided tours, while benefiting from the CleanCare Pledge for enhanced safety measures. The reopening includes special offers like the Saint Kate Encore Package, starting at $194 a night with additional perks.
The Marcus Corporation (NYSE: MCS) will announce its third quarter fiscal 2020 results on November 3, 2020, before the stock market opens. Following the release, a conference call is scheduled for 10:00 a.m. Central/11:00 a.m. Eastern time, accessible via the investor relations section of the company's website or by phone.
The company operates a significant theatre division and lodging sector, managing 18 hotel properties and 1,110 screens across various brands. More details can be found on their website.
Marcus Hotels & Resorts, a division of The Marcus Corporation (NYSE: MCS), has appointed Andrew Flack as its first chief commercial officer. Flack brings over 30 years of hospitality experience, most recently serving as vice president of marketing & eCommerce at Hilton Worldwide, overseeing more than 5,000 properties. His extensive background includes roles in product marketing and sales across Asia Pacific and the Americas. The company anticipates that Flack's leadership will enhance its sales, marketing, and revenue strategies.