Disney beats estimates, parks and resorts profit up 10% over last year
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The theme parks and consumer products division reported profit of $2.2 billion, up 10 percent from a year earlier. Results were buoyed by increased guest spending and higher occupancy rates at Disney’s U.S. theme parks.
Read more from Reuters.
Sucks for all the poor people. Can't blame Disney for hatin' 'em.
Hobbes: "What's the point of attaching a number to everything you do?"
Calvin: "If your numbers go up, it means you're having more fun."
As beaten to death on these boards over the years; Disney has done a masterful job offering a product that appeals to most of the economic spectrum of vacationers, across the globe for that matter.
From a long weekend trip for well less than $1,000 to the $12,000 grandaddy of VIP tours, Disney has positioned itself to appeal to just about anyone, at any budget level (except perhaps the bottom 10%, but these people aren't taking vacations anyway).
And there are no signs of this trend slowing, especially with the projects coming up the pipe which will only further drive attendance. Disney parks can't print their own money fast enough right now.
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