corpcomp
The 100 Yard Dash and Mr. D
- Joined
- Apr 1, 2006
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- 1,634
Found this interesting - reported today regarding Disney financials - Note the WDW comments regarding expenses.
Parks and Resorts
Parks and Resorts revenues for the quarter increased 9% to $2.4 billion and segment operating income increased 19% to $254 million. Segment operating income growth reflected increases at Disneyland Resort Paris, Disneyland Resort, and Walt Disney World, partially offset by a decline at Hong Kong Disneyland.
Operating income growth at Disneyland Resort Paris, Disneyland Resort and Walt Disney World was due to increased guest spending, driven by higher average ticket prices and average daily room rates, and increased attendance, partially offset by higher operating costs at Walt Disney World and Disneyland Resort Paris. Higher operating costs at Walt Disney World were primarily due to labor cost inflation, new guest offerings, marketing and volume-related costs. Higher operating costs at Disneyland Resort Paris were driven by volume-related costs, marketing and labor cost inflation. Costs at the domestic resorts benefited from lower pension and post-retirement medical costs.
Parks and Resorts
Parks and Resorts revenues for the quarter increased 9% to $2.4 billion and segment operating income increased 19% to $254 million. Segment operating income growth reflected increases at Disneyland Resort Paris, Disneyland Resort, and Walt Disney World, partially offset by a decline at Hong Kong Disneyland.
Operating income growth at Disneyland Resort Paris, Disneyland Resort and Walt Disney World was due to increased guest spending, driven by higher average ticket prices and average daily room rates, and increased attendance, partially offset by higher operating costs at Walt Disney World and Disneyland Resort Paris. Higher operating costs at Walt Disney World were primarily due to labor cost inflation, new guest offerings, marketing and volume-related costs. Higher operating costs at Disneyland Resort Paris were driven by volume-related costs, marketing and labor cost inflation. Costs at the domestic resorts benefited from lower pension and post-retirement medical costs.
