New article about FP+ done by msn...

[Disneychick75]

Does anyone else think there must be some very nervous Disney employees worrying about their jobs?

 

[redrosesix]

Does anyone else think there must be some very nervous Disney employees worrying about their jobs?

Yes, especially if you consider the whole corporation. They are already cutting back in some areas and people are being laid off. They say it's to make things more efficient, but if they were doing well ie. business in other areas was growing, people would be re-assigned to other departments.

But what won't make the news is the number of employees who are having their hours cut, especially if they aren't full time now.

 

[faneuil]

Time will tell when 2014 1st quarter earnings report comes out.

Disney's fiscal year starts in October, so 1st quarter earnings for FY 2014 are already published.



Parks and Resorts revenues for the quarter increased 6% to $3.6 billion and segment operating income increased 16% to $671 million. Operating income growth for the quarter was primarily due to increased guest spending at our domestic parks and resorts, which reflected higher average ticket prices
and food, beverage and merchandise spending. The increase in guest spending was partially offset by higher costs for the continued roll out of
MyMagic+ and labor and other cost inflation, partially offset by
lower pension and postretirement medical costs. Operating income at our international parks and resorts was comparable to the prior-year quarter as
increased guest spending at Disneyland Paris and Hong Kong Disneyland Resort and higher attendance at Hong Kong Disneyland Resort were largely
offset by lower attendance and occupied room nights at Disneyland Paris.

http://thewaltdisneycompany.com/sites/default/files/press-releases/pdfs/q1-fy14-earnings.pdf

I think the backlash - if any - will take a few more quarters to really notice.

 

[flicx]

I read the article.

Iger and the "Disney spokeswoman" are both delusional.

I agree totally delusional! 2 percent? Come on if that isn't propaganda I don't know what is. I also like how someone said they like not having to carry money or credit cards or ID. Not a very smart idea after reading about a lot of the problems with glitches!

 

[mom2rtk]

Disney's fiscal year starts in October, so 1st quarter earnings for FY 2014 are already published.



Parks and Resorts revenues for the quarter increased 6% to $3.6 billion and segment operating income increased 16% to $671 million. Operating income growth for the quarter was primarily due to increased guest spending at our domestic parks and resorts, which reflected higher average ticket prices
and food, beverage and merchandise spending. The increase in guest spending was partially offset by higher costs for the continued roll out of
MyMagic+ and labor and other cost inflation, partially offset by
lower pension and postretirement medical costs. Operating income at our international parks and resorts was comparable to the prior-year quarter as
increased guest spending at Disneyland Paris and Hong Kong Disneyland Resort and higher attendance at Hong Kong Disneyland Resort were largely
offset by lower attendance and occupied room nights at Disneyland Paris.

http://thewaltdisneycompany.com/sites/default/files/press-releases/pdfs/q1-fy14-earnings.pdf

I think the backlash - if any - will take a few more quarters to really notice.

Agreed. A large number of people plan their trips some ways in advance. Many of those will go ahead and take one more trip just to try it. Drawing conclusions based on the current or recent attendance and spending would not be indicative of how people really feel about this system.

 

[Disneychick75]

Disney's fiscal year starts in October, so 1st quarter earnings for FY 2014 are already published.



Parks and Resorts revenues for the quarter increased 6% to $3.6 billion and segment operating income increased 16% to $671 million. Operating income growth for the quarter was primarily due to increased guest spending at our domestic parks and resorts, which reflected higher average ticket prices
and food, beverage and merchandise spending. The increase in guest spending was partially offset by higher costs for the continued roll out of
MyMagic+ and labor and other cost inflation, partially offset by
lower pension and postretirement medical costs. Operating income at our international parks and resorts was comparable to the prior-year quarter as
increased guest spending at Disneyland Paris and Hong Kong Disneyland Resort and higher attendance at Hong Kong Disneyland Resort were largely
offset by lower attendance and occupied room nights at Disneyland Paris.

http://thewaltdisneycompany.com/sites/default/files/press-releases/pdfs/q1-fy14-earnings.pdf

I think the backlash - if any - will take a few more quarters to really notice.

I read somewhere that Disney includes DVC sales in parks and recreation statements so some of that profit would be related to DVC and not just the parks. Disney, like a lot if businesses, knows ways to make their spreadsheets more attractive to investors.