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 (NYSE: MCS) news page on Stock Titan focuses on company developments across its two main divisions: Marcus Theatres and Marcus Hotels & Resorts. Headquartered in Milwaukee, Wisconsin, the company issues frequent updates through Business Wire and SEC filings that give investors and followers insight into its entertainment and lodging activities.
News related to Marcus Theatres often covers box office performance, major film openings, and special programming. Recent releases describe record or near-record weekends driven by titles such as Wicked: For Good and Avatar: Fire and Ash, as well as seasonal series like the Season’s Screenings holiday movie lineup. Announcements also highlight premium large format screens, early access showings, themed in-theatre events, collectibles, and promotional offers tied to specific films and loyalty programs.
Updates from Marcus Hotels & Resorts include renovation milestones, property repositioning, and recognition from hospitality industry rankings. One example is the extensive transformation of the historic Hilton Milwaukee, which refreshed guest rooms, meeting spaces, and public areas while preserving its Art Deco character. Other communications discuss group business trends, event capabilities, and awards for individual properties.
Corporate-level news for The Marcus Corporation features quarterly earnings releases, dividend declarations, share repurchase authorizations, participation in investor conferences, and changes in board composition or leadership roles. Together, these items provide a view into how the company manages its theatre and hotel portfolios, allocates capital, and approaches governance.
Investors and observers can use this news feed to follow how film slates, travel demand, renovations, and financial decisions influence the company over time. Because the updates come directly from company communications and regulatory disclosures, they offer a primary source for understanding current events affecting MCS stock.
The Marcus (NYSE: MCS) has announced that it will release its second quarter fiscal 2024 results before the stock market opens on Thursday, August 1, 2024. Following the release, the company will host a conference call at 10:00 a.m. Central/11:00 a.m. Eastern time to discuss the results.
Investors and analysts can participate in the call by either listening live through the investor relations section of the company's website or by dialing 1-404-975-4839 with passcode 979410. A telephone replay will be available until August 8, 2024, by dialing 1-866-813-9403 with passcode 848375. The webcast will remain archived on the company's website until the next earnings release.
The Marcus (NYSE: MCS) has completed a $100 million private placement offering of senior notes and is finalizing $86.4 million in repurchases of convertible senior notes. The refinancing extends debt maturities and simplifies the company's capital structure. The offering includes two tranches: $60 million of 6.89% senior notes due 2031 and $40 million of 7.02% senior notes due 2034. The net proceeds will be used to refinance the repurchases of 5.00% Convertible Senior Notes due 2025 and for general corporate purposes. After the repurchases, $13.649 million of convertible notes will remain outstanding. The company plans to settle these with cash at or before maturity.
Marcus Theatres, a division of The Marcus (NYSE:MCS), announced it will take over operations of the Showplace ICON Theatre & Kitchen at the Shops at West End in St. Louis Park, Minnesota. The theatre, which closed on June 30, 2024, will reopen as Marcus West End Cinema on July 8, 2024. This expansion marks the eighth Marcus Theatre in Minnesota. The move aims to attract new and existing Marcus movie fans and demonstrate confidence in the theatre business. The company plans to incorporate former Showplace ICON staff and loyalty program members into the Marcus family. Marcus Theatres will also offer its popular Value Tuesday and Everyday Matinee programs at the new location.
Marcus Theatres announced the launch of Everyday Matinee, offering $7 tickets for children 11 and under, and seniors 60 and over, for shows before 4 p.m., starting May 31.
This initiative aims to make moviegoing more affordable, especially for families and seniors. The program applies to all movies, including anticipated releases like Inside Out 2, Despicable Me 4, and Deadpool & Wolverine.
Everyday Matinee is part of Marcus Theatres' broader efforts to provide cost-saving options, such as Marcus Mystery Movie, Value Tuesday, and various Marcus Passports, which offer discounted tickets for multiple films.
Marcus Theatres operates 981 screens across 78 locations in 17 states, making it the fourth-largest theatre chain in the U.S.
The Marcus (NYSE: MCS) has announced a regular quarterly cash dividend of $0.07 per share of common stock, payable on June 26, 2024, to shareholders recorded by June 17, 2024. Additionally, a dividend of $0.064 per share will be paid on the Class B common stock, which is not publicly traded, also on June 26, 2024, to shareholders of record on June 17, 2024.
The Marcus , based in Milwaukee, is a notable player in the lodging and entertainment sectors, with considerable real estate holdings. Their theatre division, Marcus Theatres, is the fourth largest in the U.S., operating 993 screens across 79 locations in 17 states. The lodging division, Marcus Hotels & Resorts, owns or manages 16 properties in eight states.
The Marcus (NYSE: MCS), a leader in the lodging and entertainment industries, announced participation in three upcoming investor conferences. CFO Chad M. Paris will attend the 24th Annual B. Riley Securities Institutional Investor Conference on May 22, 2024, in Beverly Hills, CA. CEO Gregory S. Marcus and Paris will attend the 16th Annual Gabelli Funds Media & Entertainment Symposium on June 6, 2024, in New York, and the NYSE's 2024 Consumer Virtual Investor Access Day the same day. These events will feature presentations and meetings with senior management from over 200 companies.
The Marcus (NYSE: MCS) will be holding its virtual Annual Shareholders’ Meeting on May 23, 2024, to provide improved accessibility for shareholders. Shareholders can vote online, by mail, or by phone prior to the meeting. The company's proxy materials are available online for shareholders. The meeting will include a Q&A session and a live audio webcast for attendees.
The Marcus (NYSE: MCS) reported results for Q1 fiscal 2024. Hotels & Resorts performed well, but Theatres saw a decline due to Hollywood labor strikes. Total revenues were $138.5M, down 9.0% YoY. Operating loss was $16.7M. Net loss was $11.9M. Adjusted EBITDA was $2.3M. Hotels & Resorts outperformed. Marcus Theatres reported revenue of $81.3M, down from $96.4M. Operating loss was $5.7M. Average ticket price increased. The company remains financially strong with $237.4M in cash.
Summary not available.
Summary not available.
FAQ
What is the current stock price of Marcus (MCS)?
What is the market cap of Marcus (MCS)?
