This is from the Orlando Sentinal:"Business at the companys theme parks in Orlando and elsewhere around the world remained soft during the fiscal fourth quarter, and executives at the worlds largest media company said economic conditions are still difficult despite signs that the protracted global recession is easing".
While there are some signs of recovery, the environment remains challenging and were managing accordingly, Disney Co. Chief Executive Officer Bob Iger said during a late-afternoon conference call
"Operating profit at Walt Disney Parks and Resorts fell 17 percent during the quarter to $344 million, on revenue that slid 4 percent to $2.8 billion. Park attendance improved, but ongoing discounts continued to eat into profit margins.
The results capped a difficult fiscal year in which Disney was squeezed hard by the recession. Disney said it netted $3.3 billion for the year, down 25 percent from last year, on sales of $36.1 billion, down 4 percent.
For the year, parks-and-resorts operating profit tumbled 25 percent, dropping from $1.9 billion to $1.4 billion. Sales fell 7 percent to $10.7 billion"
What will this mean for the upcomming year? Will Disney continue to agressively market/discount stays at the world to keep attendence numbers up? What do all you disr's think
