Marcus Corporation (MCS) - NYSE
  • Wed, Jan. 27, 11:34 AM
    • Exhibitor stocks stay in a downward trend as the sector struggles to gain traction. Cinemark Holdings (CNK -1.2%), Marcus Corp (MCS -2.1%), Reading International (RDI -2.2%), Carmike Cinemas (CKEC -0.7%), and Regal Entertainment (RGC -0.6%) are all lower. IMAX (NYSE:IMAX) is down 5% after Dolby partnered up with Wanda in China.
    • Last weekend's East Coast blizzard is expected to dent Q1 earnings slightly as not all the lost traffic is recaptured, while on a longer time frame the delay in the next Star Wars movie pushes out quite a bit of extra revenue.
    • Most projections on the 2016 box office call for a drop of 2% to 4% off a tough comparison.
    • Earlier this week, RBC Capital Markets called AMC Entertainment (AMC -1.7%) the top pick in the group with the most upside over the next 12 months.
    • Previously: AMC Entertainment on watch after rousing RBC Capital upgrade (Jan. 26 2016)
    | Wed, Jan. 27, 11:34 AM | 1 Comment
  • Mon, Jan. 4, 12:56 PM
    • Exhibitor stocks are under pressure after two separate analysts lowered their projections for the 2016 U.S. box office.
    • Stifel Nicolaus analyst Benjamin Mogil dropped his estimate to -5% growth from a prior forecast for a 3% increase.
    • MKM Partners' Eric Handler sees a +0.1% gain after previously tipping 2% growth.
    • Perhaps an important distinction, part of the reason for the revised comparison is the strong performance of movies in December (led by Star Wars: The Force Awakens) which makes the year-over-year comparison tougher.
    • Cinemark Holdings (CNK -5.4%), Regal Entertainment (RGC -6%), Marcus Corp (MCS -4.6%), AMC Entertainment (AMC -3.7%), and Carmike Cinemas (CKEC -2.4%) are all lower on the day.
    | Mon, Jan. 4, 12:56 PM | 1 Comment
  • Dec. 19, 2015, 11:08 AM
    | Dec. 19, 2015, 11:08 AM | 92 Comments
  • Dec. 18, 2015, 8:33 AM
    • Star Wars: The Force Awakens hits theaters with a vengeance this weekend  amid sky-high expectations for exhibitors. Though theater chains take a lower cut from blockbusters, and Disney films in general, concession and admission revenue for December is still expected to pop. A few numbers to watch are listed below.
    • The largest domestic December opening weekend ever was The Hobbitt: An Unexpected Journey at $37.13M which should fall easily, Star Wars could top the all-time U.S. opening weekend record set by Jurassic World of $208M.
    • The highest per theater average for an opening ever was Jurassic World at $48,555. A high mix of premium ticket sales for Star Wars could help that record fall by the wayside.
    • On the all-time global box office list, Star Wars is expected to rank somewhere behind the $3.554B haul of Titanic and Avatar's $2.932B. As long as Star Wars clears $2B, the exhibitor sector should meet expectations. That could be welcome relief for major names AMC Entertainment, Cinemark, Regal Entertainment, and Carmike Cinemas which all trail the YTD return of the S&P 500 Index.
    • YTD box office revenue in the U.S. is up 4.0% to $10.075B through December 16. Star Wars has two weeks to take that mark considerably higher.
    • Related stocks: CKEC, AMC, CNK, RLD, IMAX, RDI, MCS, NCMI.
    | Dec. 18, 2015, 8:33 AM | 24 Comments
  • Dec. 17, 2015, 7:49 AM
    • Marcus (NYSE:MCS): Q2 EPS of $0.18 misses by $0.02.
    • Revenue of $115.7M (-0.3% Y/Y) misses by $3.4M.
    | Dec. 17, 2015, 7:49 AM | 1 Comment
  • Dec. 15, 2015, 9:45 AM
    • Early movers based in part of the global Star Wars premiere include AMC Entertainment (NYSE:AMC) +2.6%, Regal Entertainment (NYSE:RGC) +2.1%, Cinemark Holdings (NYSE:CNK) +1.5%, Carmike Cinemas (NASDAQ:CKEC) +2.1%, Marcus Corp. (NYSE:MCS) +1.2%, IMAX (NYSE:IMAX) +3.8%, Dolby (NYSE:DLB) +1.5%, Hasbro (NASDAQ:HAS) +1.3%.
    • The gains are larger than the move in the broad market.
    • Some analysts think theater traffic this month could be a beneficiary of sub-$2 gas prices.
    • Previously: 'The Force Awakens' to open in 4,100+ theaters (Dec. 15 2015)
    | Dec. 15, 2015, 9:45 AM | 7 Comments
  • Dec. 3, 2015, 10:29 AM
    • Marcus Theatres (NYSE:MCS) says it will have 17 new premium large-format auditoriums opened in 11 different theater complexes by the middle of December.
    • After the renovation is complete the company will have a strong mix of 61% PLF screens which compares favorable to peers.
    • The new premium large-format screens will be operational in time for the debut of Star Wars: The Force Awakens on December 18.
    | Dec. 3, 2015, 10:29 AM
  • Nov. 20, 2015, 11:12 AM
    • Exhibitor stocks have trailed the S&P 500 Index over the last 90 days and most sit under water for the year.
    • Rising film exhibition costs have offset what has been steady revenue numbers (concession better than gate) this year.
    • The sector still has gigantic releases on tap with Mockingjay - Part 2 this weekend and Star Wars: The Force Awakens next month. Theater chains have been saving some of their slickest promotions of the year for the two films - including "limited edition" tickets and consumer product tie-ins.
    • The box office numbers to watch are $400M domestic for Hunger Games and $2.5B global for Star Wars. Eclipsing those marks could lift Q4 profit across chains.
    • Related stocks: CNK, MCS, AMC ,RGC, CKEC.
    | Nov. 20, 2015, 11:12 AM
  • Oct. 28, 2015, 1:10 PM
    • The rally is on for exhibitor stocks today after Regal Entertainment (RGC +5.8%) reported strong earnings last night.
    • The 10% gain in concessions per patron was an eye-catcher from the Regal report, as well as management's favorable read on Q4 traffic.
    • Gainers include AMC Entertainment (AMC +5.6%), Cinemark Holdings (CNK +3%), Carmike Cinemas (CKEC +3%), Marcus Corp (MCS +2.8%), and Reading International (RDI +1.3%). Sector cousins RealD (RLD +4.9%) and IMAX (IMAX +1.7%) are also higher.
    • Also of note is the Chinese M&A-fueled rally going on in the broad leisure and lodging sectors. Movie chains have long been considered potential targets of China-based media companies.
    • Previously: Lodging and leisure names perk up (Oct. 28 2015)
    | Oct. 28, 2015, 1:10 PM | 3 Comments
  • Oct. 13, 2015, 2:38 PM
    • Marcus (NYSE:MCS) declares $0.105/share quarterly dividend, in line with previous.
    • Forward yield 2.03%
    • Payable Nov. 16; for shareholders of record Oct. 26; ex-div Oct. 22.
    | Oct. 13, 2015, 2:38 PM
  • Sep. 28, 2015, 1:13 PM
    • The U.S. box office is in pretty good shape heading into a blockbuster-packed Q4.
    • The YTD tally of $8.165B through September 27 is 6.2% higher than where exhibitors stood in 2014, and beats the pace of all years since 2010 in gross dollars.
    • In-theater spending is also believed to be higher than a year ago off a higher mix of premium theaters.
    • Related stocks: CKEC, AMC, CNK, RLD, IMAX, RDI, MCS.
    | Sep. 28, 2015, 1:13 PM | 1 Comment
  • Sep. 17, 2015, 7:48 AM
    • Marcus (NYSE:MCS): FQ1 EPS of $0.53 beats by $0.02.
    • Revenue of $149.2M (+13.2% Y/Y) beats by $5.31M.
    | Sep. 17, 2015, 7:48 AM
  • Sep. 7, 2015, 6:32 PM
    • Netflix (NASDAQ:NFLX) released the trailer for its first theatrical film this weekend. The film has already generated positive buzz at film festivals in Europe, including the highly-regarded Venice Film Festival.
    • Beasts of No Nations opens at select theaters and will be available for streaming on October 16. The early take on the film set in Africa is that its intense tone and strong acting performances could put it into the mix for award consideration.
    • Exhibitors will keep a close watch on the film's box office draw, a positive reception could influence how the sector handles future Netflix big screen movies.
    • Related stocks: CKEC, CNK, RLD, IMAX, RDI, MCS.
    • Beasts of No Nation trailer
    | Sep. 7, 2015, 6:32 PM | 33 Comments
  • Aug. 20, 2015, 8:46 AM
    • Regal Entertainment (NYSE:RGC) is now checking bags and backpacks at theaters across the U.S. to increase security, according to The Denver Post.
    • The development follows two shooting incidents at movie theaters this summer.
    • The company hasn't weighed in on if there will be a financial impact from the new procedures.
    • Other exhibitor stocks: AMC, CKEC, RDI, MCS.
    | Aug. 20, 2015, 8:46 AM | 2 Comments
  • Jul. 30, 2015, 9:05 PM
    • After a Paramount Pictures (VIA, VIAB -0.4%) experiment to shrink theatrical release windows launched with two exhibitor partners -- AMC Theatres (AMC +4.1%) and Cineplex Entertainment (OTC:CPXGF) -- other chains are beginning to take up sides, including one giant lined up against.
    • Five other chains have signed up to show two low-budget horror films on Paramount's terms: National Amusements (owned by Sumner and Shari Redstone); Southern Theatres; Alamo Drafthouse Cinema; Canada-based Landmark Cinemas; and upscale chain iPic. With the added support, about 30% of the exhibition market has signed on.
    • Meanwhile, the country's largest chain, Regal Entertainment (RGC +2.9%), says it's rejecting the plan, preferring to stick with a "traditional distribution model."
    • Paramount's idea -- to shorten the 90-day exclusive window that theatrical chains have before a film heads to other formats -- is a change to the status quo that the studio sweetens by offering to share digital revenues with participating chains.
    • “The parameters of the current proposal, both economic and structural, simply do not make sense for us given the potential risks to the long-term health of our business,” said Regal CEO Amy Miles on an earnings call today.
    • Related stocks: CKEC, CNK, RLD, IMAX, RDI, MCS.
    • Previously: Paramount's release-window experiment draws praise -- and worries (Jul. 16 2015)
    • Previously: Exhibitors on watch as shorter release window to be tested (Jul. 09 2015)
    | Jul. 30, 2015, 9:05 PM
  • Jul. 29, 2015, 1:41 PM
    • The Marcus Corporation (MCS +0.3%) signs a deal to unload the Hotel Phillips in Kansas City to Arbor Lodging Partners.
    • The move falls in line with the company's strategy to evaluate hotel properties.
    • Terms of the sale weren't disclosed.
    | Jul. 29, 2015, 1:41 PM
Company Description
Marcus Corp. operates movie theatres and hotels and resorts in the United States. It operates its business into two reportable business segments: Movie Theatres and Hotels & Resorts. The Theatres segment operates multiscreen motion picture theatres in Wisconsin, Illinois, Ohio, Minnesota, Iowa,... More
Sector: Services
Industry: Lodging
Country: United States