Marcus Corp Stock Price, News & Analysis

The Marcus Corporation (NYSE: MCS) announced the election of Austin M. Ramirez as a director. Ramirez is CEO of Husco, a global manufacturing firm, known for its leadership skills within Milwaukee’s business community. Under his guidance, Husco grew by over 300% and gained recognition as a Global Growth Company. Ramirez's experience includes a White House fellowship and roles at McKinsey & Company. His background in strategic planning and finance is expected to bolster Marcus Corporation’s growth initiatives. This management change is perceived as a strategic move to enhance leadership and identify new growth opportunities.

The Marcus Corporation (NYSE: MCS) will report its fourth quarter and full year results for fiscal 2022 on March 2, 2023, prior to the market opening. A conference call will follow at 10:00 a.m. Central / 11:00 a.m. Eastern where participants can join via the investor relations section of the company's website or by phone. A replay of the call will be available until March 9, 2023. The Marcus Corporation operates in the lodging and entertainment industries, managing 1,053 screens at 84 locations and owning 16 hotels across 8 states.

The Marcus Corporation (NYSE:MCS) announced the appointment of Steve Bunnell as the new executive vice president of content strategy, effective March 6. Bunnell brings extensive experience from roles at Briarcliff/Open Road, Alamo Draft House, Regal Entertainment, and Universal Pictures. His leadership aims to enhance programming for the 84 locations of Marcus Theatres and Movie Tavern, focusing on maximizing attendance and revenue. Mark Gramz, president of Marcus Theatres, highlighted the importance of innovative out-of-home entertainment experiences. Bunnell succeeds Sonny Gourley, who is retiring after ten years with the company.

Marcus Hotels & Resorts has appointed restaurateur John Wise as vice president of food and beverage. Wise, with over 27 years of experience at Bartolotta Restaurants, will enhance the culinary offerings across Marcus’s 16 properties, which include over 40 restaurants, bars, and catering programs. He aims to provide guests with innovative dining experiences and foster a vibrant restaurant culture within the hotels. Andrew Flack, chief commercial officer, highlighted Wise’s proven track record in creative restaurant management. This strategic move is part of Marcus’s efforts to elevate its culinary operations.

Marcus Hotels & Resorts, a division of The Marcus Corporation (NYSE: MCS), announces the sale of the Skirvin Hilton in Oklahoma City for $36.75 million. This sale concludes a successful public-private partnership aimed at revitalizing the historic hotel, which reopened in February 2007. The new owners will maintain the Hilton brand and management. Michael Evans, president of Marcus Hotels, emphasized the importance of this transaction for maximizing shareholder value and focusing on growth.

The Marcus Corporation (NYSE: MCS) issued a clarification regarding the status of the Skirvin Hilton sale in Oklahoma City, stating that the sale is still pending and has not yet closed. The company warns investors and the public against relying on existing reports that detail the sale's terms and timing. Marcus Hotels & Resorts manages 17 properties across the U.S. and is recognized for its hospitality leadership since 1962.

The Marcus Corporation (NYSE: MCS) reported strong third-quarter results for fiscal 2022, with revenues reaching $183.7 million, a 25.9% increase from the previous year. Operating income improved to $8.9 million, while net earnings rose to $3.3 million, or $0.10 per diluted share. The hotel division exceeded pre-pandemic revenue levels, and the theatres segment saw a 28% increase in attendance despite a lackluster film slate. A quarterly cash dividend of $0.05 per share was also announced, highlighting the company's financial resilience.

Marcus Hotels & Resorts, part of The Marcus Corporation (NYSE: MCS), announces Milwaukee's recognition as a top 25 global destination for 2023 by National Geographic. This accolade highlights the city’s vibrant culture, stunning lakefront, and diverse dining options. Michael Evans, president of Marcus Hotels, expressed excitement about offering unforgettable experiences to visitors through their properties, including The Pfister, Saint Kate - The Arts Hotel, and Hilton Milwaukee City Center. The company operates 17 hotels across the U.S. and emphasizes its commitment to enhancing Milwaukee's tourism appeal.

Marcus Hotels & Resorts announced the promotions of Brandon Drusch to general manager of The Pfister Hotel and managing director of both The Pfister Hotel and Saint Kate – The Arts Hotel. Dana Johnson succeeds Drusch as general manager of Saint Kate. Drusch has over 15 years of experience, leading Saint Kate to become a AAA Four Diamond property. Johnson has more than 25 years in hotel sales, previously managing the sales teams for the company's Milwaukee properties.