Marcus Corporation

The Marcus Corporation Reports First Quarter Fiscal 2024 Results

Retrieved on: 
Thursday, May 2, 2024
Entertainment, Other Entertainment, Film & Motion Pictures, Transport, Lodging, Travel, Other Transport, MCS, Total, Robinson Park, Fall Guy, Internet, Despise, A Quiet Place, Sonic, Depreciation, The Pfister Hotel, Holiday, RevPAR, Folie à Deux (album), Webcast, Marcus Corporation, Inside Out (2015 film), Interest, WGA, The Fall Guy, Water, Acquisition, Operating cost, Food, Collection, Value, Adjustment, Republican National Convention, The Lion King, GAAP, Deadpool, Video game

The Marcus Corporation (NYSE: MCS) today reported results for the first quarter fiscal 2024 ended March 28, 2024.

Key Points: 
  • The Marcus Corporation (NYSE: MCS) today reported results for the first quarter fiscal 2024 ended March 28, 2024.
  • Adjusted EBITDA was $2.3 million for the first quarter of fiscal 2024, compared to Adjusted EBITDA of $9.5 million for the prior year quarter.
  • Revenues before cost reimbursements increased 3.8% during the first quarter of fiscal 2024 compared to the first quarter of fiscal 2023.
  • Revenue per available room, or RevPAR, increased 2.1% during the first quarter of fiscal 2024 compared to the prior year first quarter, resulting in Marcus Hotels & Resorts outperforming its competitive sets by 2.0 percentage points during the first quarter of fiscal 2024.

The Marcus Corporation Announces First Quarter Fiscal 2024 Release Date and Conference Call

Retrieved on: 
Friday, April 19, 2024
Film & Motion Pictures, Lodging, Commercial Building & Real Estate, Construction & Property, REIT, Travel, Building Systems, General Entertainment, Entertainment, Other Entertainment, Other Travel, MCS, Internet, Webcast, Marcus Corporation

The Marcus Corporation (NYSE: MCS) today announced it will report results for the first quarter of fiscal 2024 prior to the stock market open on Thursday, May 2, 2024.

Key Points: 
  • The Marcus Corporation (NYSE: MCS) today announced it will report results for the first quarter of fiscal 2024 prior to the stock market open on Thursday, May 2, 2024.
  • The release will be followed by a conference call at 10:00 a.m. Central/11:00 a.m. Eastern time.
  • A telephone replay of the conference call will be available through Thursday, May 9, 2024, by dialing 1-866-813-9403 and entering passcode 937873.
  • The webcast will be archived on the company’s website until its next earnings release.

Strong Technical Services Extends Managed Services Contract with Marcus Theatres

Retrieved on: 
Monday, April 8, 2024
Managed services, Digital, Marcus Corporation, Sonic Team, Content management, STS

Charlotte, N.C., April 08, 2024 (GLOBE NEWSWIRE) -- Strong Global Entertainment (NYSE American: SGE) (“Strong Global Entertainment” or the “Company”) announced today that its subsidiary Strong Technical Services (“STS”) has extended its Managed Services agreement with Marcus Theatres, one of the top theatrical exhibitors in the United States.

Key Points: 
  • Charlotte, N.C., April 08, 2024 (GLOBE NEWSWIRE) -- Strong Global Entertainment (NYSE American: SGE) (“Strong Global Entertainment” or the “Company”) announced today that its subsidiary Strong Technical Services (“STS”) has extended its Managed Services agreement with Marcus Theatres, one of the top theatrical exhibitors in the United States.
  • The agreement has been extended for two additional years, through April 2026.
  • “Strong Technical Services is pleased to have this opportunity to renew this preferred provider agreement with Marcus, for the service and support of their theatres across the U.S.,” said Blake Titman, President of STS.
  • “We look forward to continuing our contribution to Marcus Theatres’ success by providing them with best-in-class offerings, including Field Service, Content Management, and Content Delivery services.”
    Mark Gramz, President, Marcus Theatres, commented “Marcus Theaters values the work STS does for us as our Managed Services provider.

Marcus Theatres to Host the Galaxy Event of the Year, The Skywalker Saga: The May the 4th Marathon

Retrieved on: 
Friday, March 22, 2024
General Entertainment, Entertainment, Film & Motion Pictures, Marcus Corporation, Mos Eisley, Star Wars, Knowledge, MCS, Multimedia, Rise

Marcus Theatres® , a division of The Marcus Corporation (NYSE: MCS) is thrilled to announce that Marcus Majestic Cinema in Brookfield, Wisconsin, will be one of only 13 theatres in the United States – and the only theatre in Wisconsin – to host The Skywalker Saga: The May the 4th Marathon.

Key Points: 
  • Marcus Theatres® , a division of The Marcus Corporation (NYSE: MCS) is thrilled to announce that Marcus Majestic Cinema in Brookfield, Wisconsin, will be one of only 13 theatres in the United States – and the only theatre in Wisconsin – to host The Skywalker Saga: The May the 4th Marathon.
  • "We’re excited to screen The Skywalker Saga: The May the 4th Marathon and provide moviegoers with an unforgettable May the 4th experience," said Mark Gramz, President, Marcus Theatres.
  • Attendees will also receive a collectible poster and enjoy 20% off all concessions during the marathon.
  • Marathon guests are invited to pay homage to their favorite characters by attending in costume.

The Marcus Corporation to Participate at the 36th Annual ROTH Conference

Retrieved on: 
Tuesday, March 12, 2024
Film & Motion Pictures, Lodging, General Entertainment, Entertainment, Travel, MCS, Conference, Marcus Corporation

The Marcus Corporation (NYSE: MCS) today announced that Gregory S. Marcus, chairman, president and chief executive officer, and Chad M. Paris, chief financial officer and treasurer, will participate at the 36th Annual ROTH Conference on Monday, March 18, 2024, in Dana Point, California.

Key Points: 
  • The Marcus Corporation (NYSE: MCS) today announced that Gregory S. Marcus, chairman, president and chief executive officer, and Chad M. Paris, chief financial officer and treasurer, will participate at the 36th Annual ROTH Conference on Monday, March 18, 2024, in Dana Point, California.
  • The invite only event conference will feature opportunities to meet with approximately 500 private and public companies in a variety of growth sectors.
  • Meetings with Mr. Marcus and Mr. Paris can be scheduled through the ROTH Conference or a ROTH MKM representative.

Marcus Hotels & Resorts, Hempel Real Estate and Robinson Park Close Acquisition of Loews Minneapolis Hotel

Retrieved on: 
Monday, March 4, 2024
Restaurant, Bar, Architecture, Professional Services, Vacation, Lodging, Destinations, Commercial Building & Real Estate, Asset Management, Travel, Construction & Property, Retail, Finance, Interior Design, Hilton Minneapolis, Acquisition, Hilton Worldwide, Multimedia, Signature, Food, Minneapolis–Saint Paul, Target Center, Marcus Corporation, Sport, Point, Collection, Wi-Fi, City, Keurig, Twin, Policy, Minneapolis Skyway System, Piano, Heart, MCS, Waldvogel, Robinson Park, Hotel

Marcus® Hotels & Resorts , a nationally recognized owner and management company and division of The Marcus Corporation (NYSE: MCS), announced today that it, Hempel Real Estate, and Robinson Park have closed on the acquisition of the Loews Minneapolis Hotel.

Key Points: 
  • Marcus® Hotels & Resorts , a nationally recognized owner and management company and division of The Marcus Corporation (NYSE: MCS), announced today that it, Hempel Real Estate, and Robinson Park have closed on the acquisition of the Loews Minneapolis Hotel.
  • View the full release here: https://www.businesswire.com/news/home/20240303725324/en/
    The Lofton Hotel in Minneapolis (Photo: Business Wire)
    “Since 1993, Marcus Hotels & Resorts has been invested in elevating the travel and leisure experience in Minneapolis, a city we greatly admire and appreciate,” said Michael Evans, president of Marcus Hotels & Resorts.
  • Marcus Hotels & Resorts has appointed Jim Waldvogel as general manager of The Lofton Hotel, effective immediately.
  • Previously, Waldvogel served as general manager of Marcus Hotels & Resorts’ formerly managed property, Crowne Plaza Northstar in Minneapolis.

The Marcus Corporation Reports Fourth Quarter and Full Year Fiscal 2023 Results

Retrieved on: 
Thursday, February 29, 2024
Film & Motion Pictures, Lodging, General Entertainment, Entertainment, Travel, Acquisition, Inside Out (2015 film), Ballad, Total, Internet, The Pfister Hotel, Super Mario, Marcus Corporation, Deadpool, Folie à Deux (album), The Eras Tour, Interest, Ghostbusters, Sonic, Growth, Beekeeper, Loss, Sale, Republican National Convention, RevPAR, The Hunger Games, Adjustment, Wonka, Food, Sport, Despise, A Quiet Place, GAAP, Comparable, Rest, Songbird, Webcast, Mean Girls, Fall Guy, Hunger, Galaxy, The Lion King, WGA, MCS, Depreciation, Video game

The Marcus Corporation (NYSE: MCS) today reported results for the fourth quarter and fiscal year 2023 ended December 28, 2023.

Key Points: 
  • The Marcus Corporation (NYSE: MCS) today reported results for the fourth quarter and fiscal year 2023 ended December 28, 2023.
  • Net loss per diluted common share attributable to The Marcus Corporation was $0.05 for the fourth quarter of fiscal 2023, compared to a net loss per diluted common share attributable to The Marcus Corporation of $0.30 for the fourth quarter of fiscal 2022.
  • Net earnings attributable to The Marcus Corporation was $14.8 million for fiscal 2023, compared to net loss attributable to The Marcus Corporation of $12.0 million for fiscal 2022.
  • Same store admission revenues for the fourth quarter of fiscal 2023 increased 4.1% compared to the fourth quarter of fiscal 2022.

The Marcus Corporation Declares Quarterly Dividend

Retrieved on: 
Thursday, February 22, 2024
Commercial Building & Real Estate, Construction & Property, Entertainment, General Entertainment, Film & Motion Pictures, Theatre, Lodging, Vacation, Destinations, Travel, MCS, Marcus Corporation, Holding company

Directors of The Marcus Corporation (NYSE: MCS) today declared a regular quarterly cash dividend of $0.07 per share of common stock.

Key Points: 
  • Directors of The Marcus Corporation (NYSE: MCS) today declared a regular quarterly cash dividend of $0.07 per share of common stock.
  • The dividend will be paid March 15, 2024, to shareholders of record on March 4, 2024.
  • The Board of Directors also declared a dividend of $0.064 per share on the Class B common stock.
  • The dividend on the Class B common stock, which is not publicly traded, will also be paid March 15, 2024, to shareholders of record on March 4, 2024.

The Marcus Corporation Announces Fourth Quarter and Full Year Fiscal 2023 Release Date and Conference Call

Retrieved on: 
Monday, February 19, 2024
Restaurant, Bar, Entertainment, Film & Motion Pictures, Other Travel, Other Construction & Property, Lodging, Travel, Construction & Property, Other Entertainment, Other Transport, Retail, Theatre, Transport, MCS, Internet, Webcast, Marcus Corporation

The Marcus Corporation (NYSE: MCS) today announced it will report results for the fourth quarter and full year of fiscal 2023 prior to the stock market open on Thursday, February 29, 2024.

Key Points: 
  • The Marcus Corporation (NYSE: MCS) today announced it will report results for the fourth quarter and full year of fiscal 2023 prior to the stock market open on Thursday, February 29, 2024.
  • The release will be followed by a conference call at 10:00 a.m. Central/11:00 a.m. Eastern time.
  • A telephone replay of the conference call will be available through Thursday, March 7, 2024, by dialing 1-866-813-9403 and entering passcode 745084.
  • The webcast will be archived on the company’s website until its next earnings release.

Marcus Hotels and Resorts, Hempel Real Estate and Robinson Park Investments Form Joint Venture to Acquire Loews Minneapolis Hotel

Retrieved on: 
Wednesday, February 14, 2024
Other Travel, Commercial Building & Real Estate, Vacation, Lodging, Construction & Property, Destinations, Travel, Lynx, Acquisition, Crowne, Target Center, Marcus Corporation, Sport, Walking, Heart, MCS, Hilton Minneapolis, Hotel

Marcus® Hotels & Resorts , a nationally recognized owner and management company and division of The Marcus Corporation (NYSE: MCS), announced today that it along with Hempel Real Estate and Robinson Park Investments have reached an agreement to jointly acquire the Loews Minneapolis Hotel.

Key Points: 
  • Marcus® Hotels & Resorts , a nationally recognized owner and management company and division of The Marcus Corporation (NYSE: MCS), announced today that it along with Hempel Real Estate and Robinson Park Investments have reached an agreement to jointly acquire the Loews Minneapolis Hotel.
  • Upon closing, Marcus Hotels & Resorts will assume management of the hotel, which will be rebranded under another major global hotel system.
  • “The agreement to purchase the Loews Minneapolis Hotel is consistent with our strategy to co-invest with like-minded partners and manage leading properties across the nation,” said Michael Evans, president of Marcus Hotels & Resorts.
  • This will be the third property managed by Marcus Hotels & Resorts in Minneapolis since 1993.