Marcus Corp. (MCS) said Wednesday that its Board of Directors has authorized the repurchase of up to 2 million additional shares of the company's outstanding common stock.
As of June 30, the company had about 20.1 million shares of common stock outstanding and about 8.8 million shares of Class B common stock outstanding.
The new authorization adds to the company's existing share repurchase program that had about 763,000 shares remaining under prior authorizations as of June 30, 2012.
The company repurchased about 1.08 million shares in the open market during its fiscal year ended May 31, 2012.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.