Disney beats analyst expectations, domestic park income down 5%

Posted | Contributed by Jeff

For the quarter, costs related to the expansion of Disney Cruise Line and the impact of hurricanes on cruises and attendance at Walt Disney World in Florida contributed to a 5 percent decline in domestic operating income at Disney Parks and Experiences, which is Disney’s largest division. Holiday attendance was solid, bouncing back from weakness in the summer, when some Americans — battered by years of high inflation — pulled back on vacation spending.