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The Marcus Corporation (symbol: MCS) is a diversified company primarily engaged in the motion picture theatre and hospitality industries in the United States. Founded in 1935 and headquartered in Milwaukee, Wisconsin, Marcus Corporation has a rich history and significant presence in the entertainment and hospitality sectors.
Theatre Segment: The Marcus Corporation operates 1,110 screens at 91 locations across 17 states under well-recognized brands such as Marcus Theatres, Movie Tavern by Marcus, and BistroPlex. Notably, the company also runs a family entertainment center named Funset Boulevard in Appleton, Wisconsin, and a retail outlet called Ronnie's Plaza. This segment generates the maximum revenue for the corporation, providing high-quality movie-going experiences through state-of-the-art technology and superior customer service.
Hotels and Resorts Segment: The company's hospitality segment includes owning and managing 20 hotels, resorts, and other properties in eight states. These properties range from luxury resorts to full-service hotels, offering extensive amenities and services like check-in, housekeeping, and maintenance for vacation ownership developments. Marcus Corporation's hotels and resorts are located in Wisconsin, Illinois, Nebraska, and manage properties in states like Minnesota, Texas, Nevada, California, and North Carolina.
In addition to its core business operations, The Marcus Corporation prides itself on its commitment to customer satisfaction, community involvement, and sustainable business practices. The company's strategic partnerships and continuous efforts in enhancing guest experiences have been pivotal in its sustained growth and market relevance.
Despite the challenges posed by the global pandemic, Marcus Corporation has shown resilience by adapting to new market demands and implementing innovative solutions. Its diversified portfolio and robust management strategies provide a stable financial outlook, positioning it well for future growth and expansion.
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.
The Marcus Corporation (NYSE: MCS) will report its second quarter fiscal 2021 results on August 4, 2021, before market opening. A conference call to discuss the results will occur at 10:00 a.m. Central/11:00 a.m. Eastern time. Interested parties can listen to the live call via the company’s investor relations website or by phone. A replay will be available until August 11, 2021. The Marcus Corporation operates in the lodging and entertainment sectors and is a significant player in the U.S. theatre market.
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.
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