Disney misses Wall Street expectations, theme park demand continues to rise
Posted
From the article:
The company’s parks, experiences and products segment produced positive operating income for the first time since the pandemic began last quarter and improved on those results during the most recent period.
All of Disney’s global theme parks were open during the fiscal fourth quarter and all of its cruise ships resumed sailing. The business unit as a whole, which includes theme parks, hotels and merchandise, saw revenue grow 26% to $5.45 billion.
Read more from CNBC.
I didn't see anything in this article, but they reported in the earnings call that Galactic Starcruiser is sold out for the first four months after opening. This follows a few recent articles I've seen, many expressing disbelief, reporting that it was sold out for two or three months.
The call transcript has some more detail (and parts are quite interesting).
https://seekingalpha.com/article/4468171-walt-disney-company-dis-ce...rence-call
Great, so now you'll get even less boring theme park food when you pay way too much for your family to have lunch in fake space.
Thanks, Obama.
Disneyland reopened April 30th and to non Californians on June 15th. While technically true that it was open in Q4, I’m sure that wasn’t great for their numbers.
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."
We are NOT raising prices. Will give you less for the same price but NOT increasing our prices. Disney Magic.
Seems a little reminiscent of the "people have to eat" quote from another theme park company's earnings call.
Walt Schmidt - Co-Publisher, PointBuzz
Some Disney fans are doubly furious
And that's as far as I got before closing the tab. What the f*** else is new?
"I'm really mad! I'm still going to go and spend my money there, but I'm going to resent every dollar!"
Not coaster related, but…
“Recently, two major food manufacturers — Mondelez and Kraft Heinz — confirmed that they will be raising prices on numerous popular products, including Heinz Red Gold Ketchup, with which Disney Parks has a contractual agreement.”
Two things… First, Heinz makes its own ketchup competitor, Red Gold? I remember a big debate here about ketchup being such a regional taste thing.
Second, Mondelez has done to Double Stuf Oreos is criminal. More often than not they taste “burnt”.
But then again, what do I know?
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