Disney scores record profit in fiscal Q4

Posted Friday, November 11, 2011 10:41 AM | Contributed by Jeff

Disney's theme-parks division posted a particularly strong quarter, as profit margins that had shriveled during the global economic downturn rebounded sharply. Operating profit at Walt Disney Parks and Resorts surged 33 percent to $421 million on sales that were up 11 percent to $3.1 billion. Occupancy in the company's hotels slipped two percentage points. But per-room spending, which includes the nightly room rate, was up 9 percent.

Read more from The Orlando Sentinel.

Friday, November 11, 2011 10:42 AM

This is another one of those things that indicates completely the opposite of a recession. What a weird economic time we're in.

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Friday, November 11, 2011 11:28 AM

Its time to 'Occupy Disney', they are obviously charging too much and causing undo hardship on the 99%. Shame on them for running a profitable business.

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Friday, November 11, 2011 12:24 PM

I guess they are taking too many bridge card transactions... Call your senator, investigate!!!

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Friday, November 11, 2011 12:29 PM

I blame welfare!

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Friday, November 11, 2011 1:50 PM

Occupancy is down, spending is up. The 1% are taking over Disney.

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Friday, November 11, 2011 4:06 PM

Guess they won't need fast passes...

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Friday, November 11, 2011 10:14 PM

Any word on whether there was a spike in hotel reservations from Missouri and Illinois?

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Saturday, November 12, 2011 1:47 PM

This is another one of those things that indicates completely the opposite of a recession. What a weird economic time we're in.

I keep coming back to the idea that this is "the tale of two economies." The upper end of the socioeconomic ladder didn't feel the brunt of the '08 collapse, and is recovering much faster than the general economy. For example, there was a stat in an article from this morning's WSJ: unemployment for Americans between the ages of 20 and 24 is 8% for those with a four-year college degree, and 21% for those without.

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Saturday, November 12, 2011 1:50 PM

Occupancy is down, spending is up.

This is largely because the domestic parks have cut back on their room discounting. But, overall *attendance* has recovered somewhat as well. From the 4Q release:

Higher operating income at our domestic parks and resorts was driven by increased guest spending and, to a lesser extent, attendance, partially offset by increased costs.

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