EuroDisney Profits Up

[Sarangel]

Reuters reports that EuroDisney (the operator of the French theme parks) reported a 16% increase in 1st Quarter sales on 1/22/03. The company is forcasting a continued increase of 7-9% in the immediate future. The profits seem to stem from: adding Disney Studios Paris, adding a Disney Village Shopping center, and increased admission prices.

Our US Disney owns 39% of the company. For the full story Click Here.

Sarangel

 

[Testtrack321]

http://www.bloomberg.com/fgcgi.cgi?T=marketsquote99_relnews.ht&s=APi7SQhNQRXVybyBE

Good or bad? Good because now more Esiner will realize that parks are the one glimmer of hope. Bad because what sent it up was a DCA only with a movie theme in Paris.

 

[raidermatt]

Just a clarification, SALES rose 16%, not profits. As the article said, EuroDisney was not profitable in the fiscal year that ended 9/30, and they see turning a profit in the next fiscal year as a challenge.

It would take a lot more analysis to reach a really educated conclusion, however, on the surface, a 16% rise in sales does not strike me as being particularly impressive.