Disney Parks - Hard to argue with results??

[MickeyMinnieMom]

The Walt Disney Co. ended its fiscal year on a significant high note, reporting a record $48.8 billion in sales, up 8%, and 22% improvement in net income of $7.5 billion, handily besting analysts’ expectations.
...

Disney’s resorts business also saw a 5% uptick in attendance during its fourth quarter, as expansions to Fantasyland at Walt Disney World’s Magic Kingdom attracted throngs of guests, as did new additions to its properties around the world, including Hong Kong.

The roll out of MyMagic+ has helped increase spending by guests in the parks.

For the fiscal year, the parks biz was up 7% to generate $15 billion during the fiscal year, with profits gaining 20% to $2.7 billion. For the quarter, sales rose to $3.96 billion, helping operating income increase 20% to $687 million.

(Variety)

 

[flatlandcycle]

Jiffy Pop or Orville Redenbacher?

 

[MickeyMinnieMom]

Jiffy Pop or Orville Redenbacher?

One might hope for a grownup discussion.

 

[OKW Lover]

Here is a link to the press release which spells out more the high spots.

Nice to see Disney stock hitting an all-time high of $92/share today.

 

[MickeyMinnieMom]

Here is a link to the press release which spells out more the high spots. Nice to see Disney stock hitting an all-time high of $92/share today.

Agreed. Thx for posting the link -- I couldn't manage it for some reason from my phone this time!

 

[disneydentist]

One might hope for a grownup discussion.

As often as not, not possible on Disboards.

Results do seem to show that while many, particularly here, might not like FastpassPlus or ticket prices or room rates or any of many other complaints, there are still many more who aren't bothered enough to vacation elsewhere.

The powers that be at Disney will likely be happy with both the results themselves and the effect on share price.

 

[flatlandcycle]

This seems to be a scenario where stock holders do very well. Consumers keep spending. Why are we, as a consumer, subsidizing a Paris Disney unit that continues to hemorrhage cash?

 

[flatlandcycle]

Disney is in need of root planing, not routine cleaning.

 

[OKW Lover]

This seems to be a scenario where stock holders do very well. Consumers keep spending. Why are we, as a consumer, subsidizing a Paris Disney unit that continues to hemorrhage cash?

The whole DLP thing is a bit of a puzzle. Disney doesn't actually own the park (just like they don't own Tokyo DL) but they do exercise some amount of operational control. What choice does Disney have about this though? Close the parks? Pull out and leave it to be a generic amusement park? Raise the prices and drive away even more people?

Overall this was probably just a bad decision on Disney's part to participate in a park in that particular location. I recall that Spain was also in the running at the time and that might have been a better choice.

 

[flatlandcycle]

The whole DLP thing is a bit of a puzzle. Disney doesn't actually own the park (just like they don't own Tokyo DL) but they do exercise some amount of operational control. What choice does Disney have about this though? Close the parks? Pull out and leave it to be a generic amusement park? Raise the prices and drive away even more people?

Overall this was probably just a bad decision on Disney's part to participate in a park in that particular location. I recall that Spain was also in the running at the time and that might have been a better choice.

Why would you build castles made with fiberglass and special paint in a place that has the real thing?

 

[OKW Lover]

Why would you build castles made with fiberglass and special paint in a place that has the real thing?

That was indeed a question that they addressed when building the park. Their solution was to build it as though it had been thrust up out of the ground. It makes it a bit whimsical. Not sure if that was good enough though.

 

[rteetz]

That was indeed a question that they addressed when building the park. Their solution was to build it as though it had been thrust up out of the ground. It makes it a bit whimsical. Not sure if that was good enough though.

Well DLP is the highest attended European park, but is one of the lowest attended disney parks. I don't think Europeans are as into theme parks as Americans or Asians are.

 

[OKW Lover]

Well DLP is the highest attended European park, but is one of the lowest attended disney parks. I don't think Europeans are as into theme parks as Americans or Asians are.

I'd be curious to know the make-up of the people visiting there. I'm sure the French, all the EU countries & Britain are the biggest group. I wonder how many Americans go there. I know that we are currently planning a river cruise next year from Paris to the coast and back. Being huge Disney fans, we are of course planning on going to DLP either before or after.

 

[rteetz]

I'd be curious to know the make-up of the people visiting there. I'm sure the French, all the EU countries & Britain are the biggest group. I wonder how many Americans go there. I know that we are currently planning a river cruise next year from Paris to the coast and back. Being huge Disney fans, we are of course planning on going to DLP either before or after.

I'm sure the French and British make up a large group as well as american tourists, but with the European economy being just as bad or worse than ours in past years people just aren't going to those parks. Eisner was really the one who pushed for a European park.