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Marcus Corporation (MCS)

  • Nov. 16, 2014, 7:57 PM
    • Interstellar had a strong second weekend at the box office, taking in $29.2M in the U.S. and $135.2M globally as positive word of mouth kept interest high.
    • The Paramount (VIA, VIAB) film played in 64 territories.
    • Universal's (NASDAQ:CMCSA) Dumb and Dumber To was the top film in the U.S. over the weekend with a $38.1M haul, despite the uncommon 20-year lag between the original and sequel.
    • Though Big Hero 6 had another solid weekend in the U.S. with $36M, the bigger news for Disney (NYSE:DIS) is that its movie business passed $4B in annual global box office receipts for only the second time in history.
    • The top 12 films in the U.S. earned an estimated $135M, up 13% from the corresponding week from a year ago.
    • Movie exhibitor stocks: CKEC, CNK, RGC, MCS, RDI, AMC, IMAX.
  • Oct. 31, 2014, 9:44 AM
    • The U.S. premiere for Interstellar from Paramount Pictures (VIA, VIAB) is set for November 5 with expectations starting to be pushed even higher.
    • Fandango and both report strong advanced ticket sales for the film, while some IMAX (NYSE:IMAX) theaters have added 3:00 a.m. and 3:30 a.m. screenings for next Wednesday.
    • Hollywood insiders say the film has the potential to create a must-see-in-theater buzz after director Nolan shot the movie on film to open up the potential to see it in the striking 70mm format.
    • Nolan also pleased the top brass at Paramount by coming in under the production budget of $175M by about $10M.
    • Movie exhibitor stocks: CKEC, CNK, RGC, MCS, RDI, AMC, IMAX.
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  • Oct. 28, 2014, 10:21 AM
    • Movie theater stocks are higher after Regal Entertainment Group (RGC +5.4%) discloses it's exploring a possible sale.
    • Gainers: Cinemark Holdings (NYSE:CNK) +1.4%, AMC Entertainment (NYSE:AMC) +2.8%, Reading International (NASDAQ:RDI) +1.1%, The Marcus Corporation (NYSE:MCS) +2.4%.
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  • Oct. 26, 2014, 10:17 PM
    • Movie theater traffic was strong enough in the U.S. over the weekend to push the total for October to an all-time record with five days still left in the month.
    • The top 12 films earned $102.7M in the U.S. for the three-day period, up 8% Y/Y. Horror film Ouija from Universal (NASDAQ:CMCSA) took in $20.0M.
    • Rentrak weekly global box office totals: 1) Annabelle from Warner Bros. (NYSE:TWX) $29.8M, 2) Gone Girl from 20th Century Fox (NASDAQ:FOX) $29.5M, 3) Fury from Sony Pictures (NYSE:SNE) $24.2M.
    • Movie exhibitor stocks: CKEC, CNK, RGC, MCS, RDI, AMC, IMAX.
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  • Oct. 20, 2014, 10:25 PM
    • The top ten films in the U.S. grossed $115.4M over the weekend, up 27% from the same period a year ago.
    • Sony's (NYSE:SNE) Fury was the top movie of the weekend with a $23.5M take, while 20th Century Fox's (NASDAQ:FOXA) Gone Girl impressed by taking in $17.8M in its third week at theaters. The David Fincher film crossed the $100M mark over the weekend vs. a production budget of $62M.
    • YTD U.S. box office revenue -3.9% at $8.261B.
    • Studio stocks: LGF, SNE, VIA, CMCSA, DIS.
    • Movie exhibitor stocks: CKEC, CNK, RGC, MCS, RDI, AMC, IMAX.
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  • Oct. 1, 2014, 1:54 PM
    • Marcus Corporation (NYSE:MCS) declares $0.095/share quarterly dividend, in line with previous.
    • Forward yield 2.45%
    • Payable Nov. 17; for shareholders of record Oct. 27; ex-div Oct. 23.
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  • Sep. 18, 2014, 7:52 AM
    • Marcus (NYSE:MCS): FQ1 EPS of $0.45 misses by $0.05.
    • Revenue of $131.76M (+2.1% Y/Y) beats by $2.49M.
    • Press Release
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  • Aug. 28, 2014, 8:59 AM
    • Cowen Research analyst Doug Creutz thinks the soft summer box office season this year is evidence of a secular decline in domestic attendance as viewing habits evolve.
    • The analysis runs counter to the line of thought of some media analysts who think a weak and uninspiring summer slate is the culprit.
    • Creutz points out that the number of summer releases is in-line with historical averages, while box office bulls note tent-poles are spread out throughout the year more than in the past making the summer compare tougher.
    • On tap in 2015: Blockbuster releases next year include Star Wars: Episode VII (Lucasfilm), Avengers: Age of Ultron (Marvel), Fifty Shades of Grey (Universal), The Hunger Games: Mockingjay Part 2 (Lionsgate), The Good Dinosaur (Walt Disney Pictures), Bond 24 (Columbia).
    • Related stocks: CKEC, CNK, RGC, MCS, RDI, AMC, LGF, SNE, CMCSA, DIS, VIA, VIAB, IMAX.
  • Aug. 18, 2014, 11:44 AM
    • The top 12 films in the U.S. took in $128.8M over the weekend to mark a 6% improvement over last year's corresponding haul.
    • U.S. box office sales for August are on track to set a record for the month.
    • The development gives some support to the argument that the weak box office in June and July was tied to a weak slate - not fundamental demand shifts.
    • Teenage Mutant Ninja Turtles (VIA, VIAB) and Guardian of the Galaxy (NYSE:DIS) took in $28.4M and $24.7M, respectively, to dominate the weekend - while Expendables 3 (NYSE:LGF) limped in with a disappointing $16.3M opening.
    • Related stocks: RGC, AMC, CNK, IMAX, RLD, SNE, CMCSA, TWX, MCS, RDI, CKEC, FOXA, DWA.
  • Aug. 10, 2014, 9:37 PM
    • The solid trend continues for the film industry as weekend revenue for the top 12 movies rose 22% compared to the year-ago period to $173.6M. The month is tracking for a +$900M total, and could even topple $1B which would be the first time the level has ever been achieved in August.
    • Guardians of the Galaxy passed the $300M mark as the Marvel (NYSE:DIS) movie opened in dozens of countries over the weekend. The box office cume will go even higher after the film debuts in China and Japan.
    • Paramount Pictures (VIA, VIAB) had a stellar weekend after Teenage Mutant Ninja Turtles hauled in $63.5M during its run at 3,845 U.S. location and $93.7M globally. Twenty-somethings came out in force due to the nostalgia factor, according to exit surveys. The studio has already announced that it will back a sequel for 2016.
    • Related stocks: RGC, AMC, CNK, IMAX, RLD, SNE, LGF,CMCSA, TWX, MCS, RDI, CKEC.
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  • Aug. 2, 2014, 1:20 PM
    • Marvel's (NYSE:DIS) Guardians of the Galaxy is on track to open with a weekend box office haul of $92M-$96M after sales came in extremely strong for Thursday and Friday.
    • The superhero movie could have some staying power based on its solid A CinemaScore rating and a 92% Rotten Tomatoes score.
    • The vibrant performance for Guardians comes at an opportune time for the movie industry with July theater ticket sales coming in at their lowest level since 1995 at $572M and at a paltry $14.3M per movie release.
    • Though some media analysts have pointed toward an oncoming seismic shift in how consumers want to view movies, Wunderlich Securities analyst Matthew Harrigan says an uninspiring film slate is the culprit. 2015 should see a bounce-back with The Avengers sequel, a James Bond movie, and the Star Wars reboot all on the release calendar.
    • Related stocks: RGC, AMC, CNK, IMAX, RLD, SNE, LGF, VIA, VIAB, CMCSA, TWX, MCS, RDI, CKEC.
    • Related ETFs: PBS
  • Jul. 30, 2014, 1:24 PM
    • This weekend's debut of Guardians of the Galaxy will be the largest August opening in history with the Marvel (NYSE:DIS) film tapped to show in over 4K theaters including 350 IMAX (NYSE:IMAX) locations.
    • The studio expects a $65M opening, while some Hollywood forecasts range as high as $74M.
    • The film is being closely watched in the industry because the major superhero characters aren't well-known. A successful run would bode well for more profitable character spinoffs from powerful franchises such as The Avengers and Star Wars.
    • Guardians is also one of the last big chances for the summer box office to recover to approach last year's level.
    • Related stocks: CKEC, CNK, RGC, MCS, RDI, AMC
  • Jul. 24, 2014, 7:52 AM
    • Marcus (NYSE:MCS): FQ4 EPS of $0.16 beats by $0.01.
    • Revenue of $108.47M (+7.8% Y/Y) beats by $1.47M.
    • Press Release
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  • Jul. 23, 2014, 6:09 PM
    • Marcus Corporation (NYSE:MCS) declares $0.095/share quarterly dividend, in line with previous.
    • Forward yield 1.98%
    • Payable Aug. 15; for shareholders of record Aug. 4; ex-div July 31.
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  • Jul. 14, 2014, 7:05 AM
    • The top 12 films at theaters in the U.S. earned $139.7M last weekend to mark a 26% drop from last year's level.
    • Dawn of the Planet of the Apes had a strong opening for 20th Century Fox (NASDAQ:FOXA), bringing in $73M to easily beat out of $55M the first movie in the new Apes franchise earned in its first weekend.
    • Movie theater chains CKEC, CNK, RGC, MCS, RDI, AMC will need a blistering pace of sales for the rest of the summer to match the box office haul for the season from last year.
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  • Jul. 7, 2014, 7:41 AM
    • The summer box office stayed in a sluggish trend with a 4th of July weekend that failed to produce any fireworks.
    • The top 12 films for the weekend earned $118.5M, down 47% from last year when Despicable Me 2 and The Lone Ranger debuted.
    • Transformers: Age of Extinction led the box office rankings with a $36.4M haul for Paramount (VIA, VIAB), while Tammy opened to $32.9M over the five days for Warner Bros. (TWX).
    • The summer box office is now down nearly 20% Y/Y after the misfire during the crucial holiday weekend.
    • Related stocks: CKEC, CNK, RGC, MCS, RDI, AMC, IMAX, FOXA, SNE, CMCSA, LGF.
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Company Description
Marcus Corp is engaged primarily in two business segments: movie theatres and hotels and resorts.
Sector: Services
Industry: Lodging
Country: United States