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The Marcus Corporation - MCS STOCK NEWS

Welcome to our dedicated page for The Marcus Corporation news (Ticker: MCS), a resource for investors and traders seeking the latest updates and insights on The Marcus Corporation stock.

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.

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Marcus Theatres, a division of The Marcus (NYSE: MCS), will host The Skywalker Saga: The May the 4th Marathon at Marcus Majestic Cinema in Brookfield, Wisconsin. The marathon will feature all nine Star Wars movies, special activities, themed breakfast buffet, and more. Tickets are $45, including a collectible poster and 20% off concessions. The event aims to provide an unforgettable experience for Star Wars fans.
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The Marcus Corporation (MCS) executives to participate in the 36th Annual ROTH Conference, offering networking opportunities with 500 companies in various growth sectors.
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Marcus Hotels & Resorts, in partnership with Hempel Real Estate and Robinson Park, has acquired the Loews Minneapolis Hotel and rebranded it as The Lofton Hotel under the Tapestry Collection by Hilton flag. The property boasts 251 contemporary rooms, suites with city views, a signature restaurant, flexible meeting spaces, and a pet-friendly policy. Jim Waldvogel has been appointed as the general manager. The deal marks the first Tapestry Collection hotel in Minnesota.
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The Marcus Corporation (MCS) reported strong results for Q4 and fiscal year 2023, with significant growth driven by Marcus Theatres and Marcus Hotels & Resorts. Theatres saw improved results due to new movie releases, while hotels benefited from leisure travel and group events.
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The Marcus Corporation (MCS) declares a regular quarterly cash dividend of $0.07 per share of common stock and $0.064 per share on the Class B common stock. The dividend will be paid on March 15, 2024, to shareholders of record on March 4, 2024.
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The Marcus Corporation (MCS) will report Q4 and full-year fiscal 2023 results on February 29, 2024, followed by a conference call. Participants can join via webcast or phone. Replay options available. Webcast archived until next earnings release.
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Marcus Hotels & Resorts, along with partners, to acquire Loews Minneapolis Hotel, rebranding it under a global hotel system. The acquisition aligns with the company's strategy of co-investing and managing leading properties nationwide.
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The Marcus Corporation (MCS) is relocating and expanding its corporate and divisional headquarters to the Associated Bank River Center in Milwaukee, with a move planned for late spring or early summer 2024. The 52,000 square foot office space will be built to meet the company’s functional, design, and aesthetic specifications. The move follows the prior owner’s sale of the 100 East building, and the buyer’s planned conversion of the building from office to residential. The new location is near city attractions, including Marcus Hotels & Resorts’ Saint Kate – The Arts Hotel.
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MCS: The Marcus Corporation Declares $0.07 Quarterly Cash Dividend on Common Stock. Board of Directors also declares $0.064 dividend on Class B common stock, payable on December 15, 2023.
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The Marcus Corporation reported strong results for the third quarter fiscal 2023, with growth in revenue, operating income, net earnings, and Adjusted EBITDA. Total revenues for the quarter were $208.8 million, a 13.7% increase from the same period last year. Operating income increased by 133.9% to $20.9 million, and net earnings increased by 272.0% to $12.2 million. Marcus Theatres saw significant improvement, with total revenues of $126.6 million, a 25.0% increase, and attendance growth of 15.6% at comparable same store theatres. Marcus Hotels & Resorts also performed well, with comparable hotels revenues before cost reimbursements increasing by 4.1% in the quarter.
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FAQ

What is the current stock price of The Marcus Corporation (MCS)?

The current stock price of The Marcus Corporation (MCS) is $22.03 as of November 22, 2024.

What is the market cap of The Marcus Corporation (MCS)?

The market cap of The Marcus Corporation (MCS) is approximately 686.9M.

What industries does The Marcus Corporation operate in?

The Marcus Corporation operates in the motion picture theatre and hospitality industries.

How many movie screens does The Marcus Corporation own and operate?

The Marcus Corporation owns and operates 1,110 screens at 91 locations in 17 states.

What brands fall under The Marcus Corporation's theatre segment?

The Marcus Corporation's theatre segment includes Marcus Theatres, Movie Tavern by Marcus, and BistroPlex.

What services does The Marcus Corporation offer in its hospitality segment?

The hospitality segment includes owning and managing hotels and resorts, offering check-in, housekeeping, and maintenance services for vacation ownership developments.

Where is The Marcus Corporation headquartered?

The Marcus Corporation is headquartered in Milwaukee, Wisconsin.

When was The Marcus Corporation founded?

The Marcus Corporation was founded in 1935.

What is the primary revenue source for The Marcus Corporation?

Theatres segment is the primary revenue source for The Marcus Corporation.

Does The Marcus Corporation operate any family entertainment centers?

Yes, it operates a family entertainment center called Funset Boulevard in Appleton, Wisconsin.

What additional properties does The Marcus Corporation own?

In addition to theatres and hotels, The Marcus Corporation owns a retail outlet named Ronnie's Plaza.

How has The Marcus Corporation adapted to challenges posed by the global pandemic?

The Marcus Corporation has shown resilience by adapting to new market demands and implementing innovative solutions, maintaining stability and positioning itself for future growth.

The Marcus Corporation

NYSE:MCS

MCS Rankings

MCS Stock Data

686.94M
30.17M
5.35%
82.83%
3.6%
Entertainment
Services-motion Picture Theaters
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United States of America
MILWAUKEE