Competitive PositionMCS trades at 6.9x EV/AEBITDA, slightly above Cinemark's 6.8x, maintaining a Buy rating with a price target of $25.
Geographic PerformanceThe company’s Midwest demographic mix relative to the top-performing films may have led to a slight underperformance versus the broader market in the quarter.
Hotel Segment ChallengesA modest growth offset from Hotels & Resorts is anticipated due to the Milwaukee Hilton renovation and comping last year’s RNC impact.