Grumpy Mouse
Mouseketeer
- Joined
- Jun 18, 2020
- Messages
- 151
I just wanted to post one additional piece of information from Disney's Q1 2021 earnings call, on Feb 11, 2021. This is CEO Bob Chapek commenting on the future of the parks business:
Well as you know, we have a wide variety of margins depending on the nature of the guest and how they visit and when they visit. So with a lens towards maximizing the guest experience, we are now able to essentially reset many pieces of our business both on the cost and revenue side of the business in order to say, if we had a blank piece of paper how would we set up our parks business and be a little bit more aggressive than we typically might be able to be without the impetus of unfortunately a year-long closure. So we've had a lot of time to think particularly, at Disneyland about what could be and I think you're about to see some of those strategies be born.
This comment is primarily about Disneyland, but it is clear he is commenting about certain aspects of their business at ALL parks. If you couple this comment with the recent change in language in the member's acknowledgement about 'able to offer a substitute' - they really add up to one distinct possibility: a big reset is coming.
And keep in mind that comment above was made to a phone full of analysts who care little about maximizing guest experience - as long as whatever Chapek does results in growing EPS (earnings per share). It's likely close to the unvarnished truth.
And if DVC legal really did make a change to the member's acknowledgement, that speaks volumes. Lawyers don't normally make changes like this unless they're feeling exposed.
Well as you know, we have a wide variety of margins depending on the nature of the guest and how they visit and when they visit. So with a lens towards maximizing the guest experience, we are now able to essentially reset many pieces of our business both on the cost and revenue side of the business in order to say, if we had a blank piece of paper how would we set up our parks business and be a little bit more aggressive than we typically might be able to be without the impetus of unfortunately a year-long closure. So we've had a lot of time to think particularly, at Disneyland about what could be and I think you're about to see some of those strategies be born.
This comment is primarily about Disneyland, but it is clear he is commenting about certain aspects of their business at ALL parks. If you couple this comment with the recent change in language in the member's acknowledgement about 'able to offer a substitute' - they really add up to one distinct possibility: a big reset is coming.
And keep in mind that comment above was made to a phone full of analysts who care little about maximizing guest experience - as long as whatever Chapek does results in growing EPS (earnings per share). It's likely close to the unvarnished truth.
And if DVC legal really did make a change to the member's acknowledgement, that speaks volumes. Lawyers don't normally make changes like this unless they're feeling exposed.