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MCS-News
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Marcus Theatres Appoints Shannah Miller as SVP of Marketing and Sales
Marcus Theatres announced that Shannah Miller has been appointed senior vice president of marketing and sales, effective October 19. Most recently, Miller served as vice president of marketing for Fathom Entertainment
Marcus Theatres Achieves Record Summer Revenue
Marcus Theatres announced that it recorded its highest total revenue for the summer moviegoing season in company history, defined as the first Friday in May through Labor Day. The company said, "Fueled by blockbuster hits and a diverse slate of summer releases that appealed to a wide range of audiences, summer records set at Marcus Theatres include: Highest total summer revenue in company history. Highest box office for any summer. Highest summer concession, merchandise, and food and beverage revenue of all time. Highest per capita summer admission revenue and per capita concession, merchandise, and food and beverage spend for the summer moviegoing season. Highest summer attendance since 2019. Highest premium large format screen attendance and percentage of attendance and box office for any summer. Following the carryover success of Michael, the summer got off to a hot start with The Devil Wears Prada 2 and surprise hits like Obsession and Backrooms. The sustained excitement for Toy Story 5, which had the highest opening weekend for an animated film since 2019, propelled Marcus Theatres to multiple June records. And while The Odyssey continued its record-breaking journey, becoming the highest-grossing R-rated movie worldwide in history, Spider-Man: Brand New Day swung onto the scene, with the biggest domestic opening of all time. Combined, The Odyssey and Spider-Man: Brand New Day led to multiple all-time August records for Marcus Theatres, including highest attendance for the month of August and highest August box office in company history."
Marcus Corporation Raises Quarterly Dividend to 9 Cents per Share
Marcus declared a quarterly dividend of 9c per share of common stock, a 12.5% increase from the prior dividend rate of 8c per share. The dividend will be paid September 15, to shareholders of record on August 25. "Returning capital to our shareholders is a hallmark of Marcus Corporation, and we are pleased to yet again raise the quarterly cash dividend," said Gregory Marcus, CEO of Marcus. "The strength of both our earnings and balance sheet reinforces our ongoing confidence in the future of our company and ability to continue creating long-term value for our shareholders."
Marcus Corporation Reports Q2 Revenue of $231.7M
Reports Q2 revenue $231.7M, consensus $219.8M. "Our second quarter fiscal 2026 results reflected strong contributions from both divisions, with Marcus Theatres and Marcus Hotels & Resorts each significantly outperforming their respective industries," said Gregory Marcus, chief executive officer of Marcus Corporation. "Marcus Theatres delivered the highest admission revenue growth among the top theatre circuits during the second quarter of fiscal 2026, powered by a diverse slate of high-quality films that performed well in our markets, including a favorable mix of family friendly movies. In our hotels and resorts division, healthy leisure demand drove both occupancy and rate growth that propelled performance and set a record second quarter revenue and Adjusted EBITDA for Marcus Hotels & Resorts. Each division has a lot to look forward to as we head into the second half of the year. In Marcus Theatres, the film slate for the third and fourth quarters of fiscal 2026 is impressive, starting with the recent epic opening of The Odyssey and this weekend's eagerly awaited release of Spider-Man: Brand New Day, followed by many great titles through the end of the year, including the highly anticipated Avengers: Doomsday and Dune: Part Three. In Marcus Hotels & Resorts, leisure travelers and groups continue to prioritize travel and events, which bodes well for our primarily upper-upscale and luxury hotels and resorts across the nation."
Marcus Corporation Promotes Rajiv Castellino to Chief Information Officer
Marcus Corporation announced that RajivCastellino, chief technology officer of Marcus Hotels & Resorts, has been promoted to chief information officer of Marcus Corporation. Castellino will assume the role on August 2, succeeding Kim Lueck, who will retire as CIO on August 1, after nearly 30 years with the company.
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