Marcus Corp. (NYS:MCS) said its Marcus Theaters division will reopen 35 of its movie theaters on Aug. 21, and another 30+ theaters will reopen on Aug. 28. The company said more than two-thirds of its 91 theaters or Movie Tavern locations will be reopened in time for the domestic release of the film "Tenet," scheduled for Sept. 3. The company said its remaining theaters will reopen at a later date. "We implemented our updated safety protocols at a few locations in late June and have been extremely pleased with the response from theatre-goers," said Chief Executive Rolando Rodriquez. "In fact, we surveyed the very first guests back and more than 96% indicated it was a comfortable and safe experience." The stock, which was indicated up over 1% in premarket trading, has tumbled 57.9% year to date through Monday, while the S&P 500 (S&P:SPX) has gained 4.7%.
Aug. 18, 2020, 7:56 a.m. EDT