Disney to Post Earnings after the Closing Bell Today

[TSMIII]

I haven't read through the entire 10-Q, but here are a couple of interesting items related to DVC:

Under "MANAGEMENT’S DISCUSSION AND ANALYSIS OF
FINANCIAL CONDITION AND RESULTS OF OPERATIONS"

This note:
"In the Parks and Resorts segment, increased guest spending and theme park attendance at the Walt Disney World Resort and higher
vacation club ownership sales at Disney Vacation Club, contributed to the increase in operating income at our domestic businesses."

And this:
"Domestic Parks and Resorts
At our domestic parks and resorts, revenue growth was driven by increases at the Walt Disney World Resort and Disney Vacation Club.
Revenue growth at the Walt Disney World Resort was due to increased guest spending and theme park attendance. Increased guest spending reflected higher average daily hotel room rates, higher average ticket prices and increased food and beverage spending. Higher attendance was primarily driven by the benefit of the shift of the Easter holiday. At Disney Vacation Club, revenue growth was primarily due to vacation club ownership sales driven by extensions of the term of ownership on certain existing vacation home properties and higher rentals of vacation club units."

Looks like the OKW 2057 extension helped quite a bit. As did increased cash ressies at DVC resorts. At least that's how I interpret that last statement.

One other item also caught my eye from the "Financing Activities" section:
"The increase in other activity was primarily due to market value adjustments for debt with qualifying hedges and the purchase of
land for a Disney Vacation Club resort in Hawaii."

 

[eliza61]

Wow I wonder how much of that was from the stroller increase.

Not funny.

Unfortunately probably quite a bit. I just returned yesterday from 6 days at the world and double strollers were renting like crazy.

 

[Starr W.]

I haven't read through the entire 10-Q, but here are a couple of interesting items related to DVC:

Under "MANAGEMENT’S DISCUSSION AND ANALYSIS OF
FINANCIAL CONDITION AND RESULTS OF OPERATIONS"

This note:
"In the Parks and Resorts segment, increased guest spending and theme park attendance at the Walt Disney World Resort and higher
vacation club ownership sales at Disney Vacation Club, contributed to the increase in operating income at our domestic businesses."

And this:
"Domestic Parks and Resorts
At our domestic parks and resorts, revenue growth was driven by increases at the Walt Disney World Resort and Disney Vacation Club.
Revenue growth at the Walt Disney World Resort was due to increased guest spending and theme park attendance. Increased guest spending reflected higher average daily hotel room rates, higher average ticket prices and increased food and beverage spending. Higher attendance was primarily driven by the benefit of the shift of the Easter holiday. At Disney Vacation Club, revenue growth was primarily due to vacation club ownership sales driven by extensions of the term of ownership on certain existing vacation home properties and higher rentals of vacation club units."

Looks like the OKW 2057 extension helped quite a bit. As did increased cash ressies at DVC resorts. At least that's how I interpret that last statement.

One other item also caught my eye from the "Financing Activities" section:
"The increase in other activity was primarily due to market value adjustments for debt with qualifying hedges and the purchase of
land for a Disney Vacation Club resort in Hawaii."

Good for you getting to the 10Q. Interesting the "main growth" in revenue at DVC is OKW extension. That's good for the membership that they've been able to rent out units. I take that was a problem and why the "renaming" of DVC units on CRO.

 

[bobbiwoz]

Unfortunately probably quite a bit. I just returned yesterday from 6 days at the world and double strollers were renting like crazy.

It's funny because I noticed quite a few off-brand double strollers and I returned on Monday!
OT - Did anyone here write to protest the very large increase in stroller rental prices? I did, and haven't heard from them. I would like to see Disney rescind this increase.

Bobbi

 

[BWV Dreamin]

I also noticed an increase in basic food prices from 1 1/2 yrs. ago. At Animal Kingdom, they have a McDonalds type restaraunt there which serves Micky D food. I spent $33 on 2 double cheesburgers with fries, 2 salads and one soda. So yes, I can see how the food purchases are generating a profit! Thanks for the fiancial report......I had a feeling the DVC resort purchases would also generate revenue.

 

[DISNEY FIX]

Unfortunately probably quite a bit. I just returned yesterday from 6 days at the world and double strollers were renting like crazy.

You made me smile though.

My kids are grown so my child rearing costs are big kid costs now.

I hear both of ya. But nobody likes being robbed.