Disney reports 58% drop in operating income in parks, experiences and products unit

Posted Tuesday, May 5, 2020 4:56 PM | Contributed by Jeff

From the article:

The impact of the pandemic was especially pronounced in its Parks, Experiences and Products segment. Disney estimated the impact on its operating income for that segment was about $1 billion mostly due to revenue lost because of closures. The company reported a 58% drop in operating income for the segment this quarter compared to the same period last year.

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