Marcus Corp Stock Price, News & Analysis

Marcus (NYSE: MCS) reported Q4 and full year fiscal 2024 results, with Q4 total revenues increasing 16.6% to $188.3 million. The company posted a Q4 operating loss of $2.2 million, impacted by $6.4 million in noncash impairment charges, but achieved net earnings of $1.0 million.

Marcus Theatres saw Q4 revenues rise 22.9% to $121.2 million, with same-store attendance up 29.1%. The division introduced Marcus Movie Club at $9.99 monthly. For full year 2024, theatre revenues were $447.7 million with operating income of $22.1 million.

Marcus Hotels & Resorts achieved record results in 2024, with full-year revenues before cost reimbursements of $248.3 million, up 6.4%. The division reported operating income growth of 5.5% to $18.5 million. A $40+ million renovation of the Hilton Milwaukee was announced, transforming 554 guest rooms and 34,000 square feet of meeting space.

The Marcus (NYSE: MCS) has announced it will release its fourth quarter and full year fiscal 2024 financial results before the stock market opens on Thursday, February 27, 2025. The company will host a conference call at 10:00 a.m. Central/11:00 a.m. Eastern time to discuss the results.

Investors can access the call through the investor relations section of Marcus' website at investors.marcuscorp.com or by dialing 1-404-975-4839 with passcode 169713. A telephone replay will be available until March 6, 2025, via 1-866-813-9403 with passcode 950614. The webcast will remain archived on the company's website until the next earnings release.

The Marcus (NYSE: MCS) has announced its regular quarterly dividend payments. The company will pay a cash dividend of $0.07 per share of common stock and $0.064 per share on Class B common stock. Both dividends will be paid on March 17, 2025, to shareholders of record as of February 25, 2025.

The Marcus , headquartered in Milwaukee, operates in both lodging and entertainment industries. Their theatre division, Marcus Theatres, ranks as the fourth largest theatre circuit in the U.S., managing 985 screens across 78 locations in 17 states under various brands including Marcus Theatres, Movie Tavern by Marcus, and BistroPlex. The company's lodging division, Marcus Hotels & Resorts, owns and/or manages 16 hotels, resorts and other properties in eight states.

Marcus Theatres (NYSE: MCS) has launched the Marcus Movie Club, a new monthly membership program priced at $9.99 per month. Members receive one 2D movie credit monthly, 20% off food and beverages, unlimited additional tickets at $9.99, and no digital convenience fees. Unused credits roll over, and the pricing applies to early access and opening night screenings. An annual subscription option is available at $109.89, offering one month free. The program can be accessed through the Marcus Theatres app or website, with credits usable for upgrades to premium formats like IMAX and 3D.

Marcus Theatres (NYSE:MCS) has launched the Marcus Movie Club, a new monthly membership program priced at $9.99. Members receive a monthly credit for any 2D movie, 20% off food and beverages, unlimited access to additional tickets at $9.99, and no digital convenience fees. The program features rollover credits for unused tickets and early access to screenings. Members can also upgrade to premium formats like SuperScreen, UltraScreen, RealD3D, IMAX, 4DX, or ScreenX. The company offers both monthly subscriptions at $9.99 and annual memberships at $109.89, which includes one free month.

The Marcus (NYSE: MCS) has declared a regular quarterly cash dividend of $0.07 per share of common stock, payable December 16, 2024, to shareholders of record on November 25, 2024. Additionally, a dividend of $0.064 per share was declared on the non-publicly traded Class B common stock, with the same payment and record dates. Marcus operates in lodging and entertainment industries, with Marcus Theatres® being the fourth largest theatre circuit in the U.S., managing 993 screens at 79 locations across 17 states. The company's lodging division, Marcus® Hotels & Resorts, operates 16 properties in eight states.

The Marcus (NYSE: MCS) reported record third quarter fiscal 2024 results with total revenues of $232.7 million, up 11.4% year-over-year. Net earnings reached $23.3 million, a 90.6% increase from the prior year. Marcus Theatres saw a 13.6% revenue increase to $143.8 million, with attendance growing 7.1%. Marcus Hotels & Resorts reported revenues of $79.0 million, up 9.6%. The company completed $10 million in share repurchases and retired convertible debt. Both divisions outperformed their respective industries, benefiting from strong room rates during the Republican National Convention and an improved film slate.

The Marcus (NYSE: MCS) has announced the release date for its third quarter fiscal 2024 results. The company will report its results before the stock market opens on Thursday, October 31, 2024. Following the release, a conference call will be held at 10:00 a.m. Central/11:00 a.m. Eastern time.

Investors and interested parties can access the call through the company's website or by dialing 1-404-975-4839 with passcode 935227. A telephone replay will be available until November 14, 2024, by dialing 1-866-813-9403 with passcode 167289. The webcast will remain archived on the company's website until the next earnings release.

The Marcus (NYSE: MCS) has filed a new universal shelf registration statement with the SEC, replacing its expiring prior statement. This allows the company to potentially offer up to $150 million in various securities, including debt securities, common stock, preferred stock, and warrants. The filing provides flexibility for future public offerings, with specifics to be detailed in prospectus supplements as needed.

CEO Gregory S. Marcus described the filing as a proactive step to efficiently facilitate potential future capital raising for business expansion, acquisitions, growth opportunities, or debt repayment. The Marcus is a leader in lodging and entertainment industries, operating 981 screens at 79 locations in 17 states under various brands, and owning or managing 16 hotels and resorts in 8 states.