Disney park attendance flat in quarter, but per cap spending up

Posted Friday, November 10, 2006 9:12 AM | Contributed by OHIcOaster

Revenue increased to $8.784 billion from $7.734 billion in the same period last year. A strong summer movie season, including the hit "Pirates of the Caribbean: Dead Man's Chest" boosted per share earnings at The Walt Disney Co. 89 percent in the fourth quarter, the company reported Thursday. Attendance at its domestic parks was essentially flat during the quarter, with a decline at Disneyland in California offset by gains at Walt Disney World in Florida. But per guest spending increased at both parks as did profit margins. This year's results included a full quarter of operations at its latest park in Hong Kong, versus two weeks in the prior year period.

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