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Consumers, buffeted by rising costs for gasoline and groceries, have been finding ways to cut back on nonessential spending. But the Walt Disney Company said Tuesday that it saw no weakness in its theme park business, a unit that has come under scrutiny as an indicator of whether declining consumer confidence is seeping into more nooks and crannies of the economy.
Disney, reporting results for its fiscal second quarter, said that operating income in its parks and resorts division rose 33 percent on revenue of $2.7 billion. The Easter holiday, which fell early this year, delivered a significant lift. But even when the Easter bump was factored out, attendance at Disney’s theme parks was slightly higher, Thomas O. Staggs, the company’s chief financial officer, said in a conference call with analysts.
Read more from The New York Times.