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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) plans to report its second quarter fiscal 2022 results on August 3, 2022, before market open. This will be followed by a conference call at 10:00 a.m. Central (11:00 a.m. Eastern), which can be accessed via the company's investor relations website or by phone. A telephone replay will be available until August 10, 2022. The Marcus Corporation is a leader in lodging and entertainment with a significant portfolio, including 1,064 screens across 85 locations under various brands.
The Marcus Corporation (NYSE: MCS) will participate in three investor conferences in June 2022. Executives Gregory S. Marcus and Chad M. Paris will engage in a virtual fireside chat at the 14th Annual Gabelli Funds Entertainment & Broadcasting Symposium on June 2, followed by a presentation at Baird's 2022 Global Consumer, Technology & Services Conference on June 6. They will also take part in a fireside chat at Credit Suisse’s 24th Annual Communications Virtual Conference on June 14. Live webcasts will be available on the company’s investor relations website.
The Marcus Corporation (NYSE: MCS) announced the tragic passing of Board member David Baum, who died in a car accident on May 19, 2022. Baum joined the board in February 2016 and was the chair of the finance committee, contributing significantly to the company's oversight. His extensive experience included leadership roles at Baum Media Group and Goldman Sachs. The Marcus Corporation, based in Milwaukee, operates in the lodging and entertainment sectors, including Marcus Theatres, the fourth-largest theatre chain in the U.S.
The Marcus Corporation (NYSE: MCS) announces CFO Chad M. Paris will participate in a fireside chat at B. Riley Securities’ 22nd Annual Institutional Investor Conference on Thursday, May 26, 2022, at 12:20 PM Pacific Time in Beverly Hills, California. This invitation-only event features discussions with over 200 management teams and institutional investors, allowing scheduled meetings with Mr. Paris through B. Riley Securities. The Marcus Corporation, based in Milwaukee, is a leader in lodging and entertainment, owning Marcus Theatres and Marcus Hotels & Resorts.
The Marcus Corporation (NYSE: MCS) reported significant progress in Q1 fiscal 2022, achieving total revenues of $132.2 million, up from $50.8 million year-over-year. The company narrowed its operating loss to $16.8 million from $35.7 million, and reduced net loss to $14.9 million ($0.48 per diluted share) compared to $28.1 million ($0.93 per share) in Q1 fiscal 2021. Adjusted EBITDA rose to $3.4 million versus a loss of $17.5 million last year. Notably, both Marcus Theatres and Marcus Hotels reported positive trends, despite challenges from limited film releases and seasonal travel impacts.
The Marcus Corporation (NYSE: MCS) will host its Annual Meeting of Shareholders on May 10, 2022, starting at 9:00 a.m. Central time. The meeting will include a business portion followed by an operational update. Interested participants can join via a live audio webcast available on the company's investor relations website or directly at this link. The presentation will be available for replay until August 10, 2022.
The meeting will take place at Movie Tavern Brookfield Square, located in Brookfield, Wisconsin.
The Marcus Corporation (NYSE: MCS) announced that it will release its first quarter fiscal 2022 results on May 5, 2022, before the stock market opens. Following the release, there will be a conference call at 10:00 a.m. Central to discuss the results. Participants can access the call via the company’s investor relations website or by phone. The conference call will also be available for replay until May 12, 2022. The Marcus Corporation operates in the lodging and entertainment sectors, owning significant real estate assets.
Marcus Hotels & Resorts has appointed Chris Schaefer as the new vice president of food and beverage. Schaefer, bringing over 20 years of experience, will manage catering, banquets, and over 40 restaurants across 17 properties. His responsibilities extend to strategic planning and talent development. Previously, he was the corporate director of food and beverage at Noble House Hotels & Resorts. Michael Evans, president of Marcus Hotels, expressed excitement for Schaefer's leadership, which aims to enhance guest experiences.
The Marcus Corporation (NYSE: MCS) has promoted Steve Martin to chief human resources officer, overseeing all corporate HR functions and joining the executive management committee. Martin, with nearly 30 years of experience, has been with the company since 2000 and previously served as vice president of human resources for Marcus Hotels & Resorts. His rich background includes roles at Hyatt Hotels & Resorts and a degree in hotel management from Iowa State University. The company's leadership expresses confidence in Martin's capability to enhance its HR capabilities.
The Marcus Corporation (NYSE: MCS) reported notable recovery in the fourth quarter of fiscal 2021, achieving $169 million in revenues, a significant increase from $37 million in Q4 2020. The company marked its second consecutive quarter of profitability, posting a net income of $6.4 million and Adjusted EBITDA of $29.3 million. Full-year 2021 revenues reached $458.2 million, up from $237.7 million in 2020, with a reduced net loss of $43.3 million compared to $124.8 million the previous year. Theatres and hotels both contributed positively to the results, indicating strong market recovery.
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