Disney Stock News & Earnings

[Dcgc28]

Years ago Disney World would have seasons. Slower times when the kids were in school and busy times when they were out of school. It was even cheaper to visit in the off season.
Over the last several years Disney no longer has seasons it's busy all the time.
I could see it going back to the on seasons/off season way it used to be especially when the 50th is over.

I could see that as well. I’m cool with the argument that maybe Disney got “too big” and it’ll fall back into older ways on attendance. But I don’t see the drastic dying of the park some people seem to be hoping for/predicting.

I also agree that unfortunately a lot of the free/included stuff won’t come back and even though Disney isn’t supposed to be like others that isn’t unique to Disney. Universal will raise prices when they’re fully built and take away amenities. Unfortunately that’s part of our world right now.

 

[71 Truck]

I don't know. I do think it will slow down. I don't think Disney is as big as people think they are anymore. Once Epic Universe opens it's going to a major game changer. Once it does Universal changes from 2-3 day visit to almost a week long visit. Its going to eat into Disney a lot. I know many hear either don't believe that or want to believe that but it will probably happen.

One of the biggest mistakes in my opinion was Disney canceling the Magical Express.
The primary purpose for it was to keep people from leaving Disney World to visit other non Disney parks.
They say it was to make the guest visit easier by not having to rent a car and drive from the airport but it was to keep people on property.
Now with people renting cars again and other parks offering more attractions it give people a reason not to stay as long on Disney property and visit other parks.

 

[Jrb1979]

I don’t disagree but I mean we’ve had 6 hour lines for pop corn buckets. To insinuate the parks aren’t very full is wrong in my opinion. But you’re right without numbers we don’t know for sure, Disney has already admitted they won’t get back to 60k in MK so I don’t think they even have that as a goal. But I’d venture to say we’re in the 30-40k a day range right now, on busy days. Which might be what Disney wants their capacity to be.



What are you basing Disney not being that big on though? People have been claiming Universal will take over for the better part of a decade now. But Super Nintendo World is like 2 rides. Also I’m in the group that hopes it does slow down because my last few trips have been packed lol I’ll take an emptier one. I just don’t see the doom and gloom others do.

I know people have been claiming for decades that Universal will take over. Once Epic Universe opens it will take a lot of people away. I know it's anecdotal but there is already lots of Disney loyalists that jumping over to Universal.

I could see that as well. I’m cool with the argument that maybe Disney got “too big” and it’ll fall back into older ways on attendance. But I don’t see the drastic dying of the park some people seem to be hoping for/predicting.

I also agree that unfortunately a lot of the free/included stuff won’t come back and even though Disney isn’t supposed to be like others that isn’t unique to Disney. Universal will raise prices when they’re fully built and take away amenities. Unfortunately that’s part of our world right now.

I don't think they are going to die or go bankrupt. I just think the days of them being the leader in theme parks is coming to an end. Other parks have going out of their way to get people back while Disney has gone into a

 

[Dcgc28]

I know people have been claiming for decades that Universal will take over. Once Epic Universe opens it will take a lot of people away. I know it's anecdotal but there is already lots of Disney loyalists that jumping over to Universal.

I don't think they are going to die or go bankrupt. I just think the days of them being the leader in theme parks is coming to an end. Other parks have going out of their way to get people back while Disney has gone into a

You maybe correct in the long run. I’m definitely not going to pretend to know. I guess we’ll just have to wait and see. But I know a lot of people say they’re “not going back” and they go back every year. So it’ll just be a wait and see game. It would be good for Disney because they have plenty of room for improvement they just haven’t had to.

 

[Jrb1979]

One of the biggest mistakes in my opinion was Disney canceling the Magical Express.
The primary purpose for it was to keep people from leaving Disney World to visit other non Disney parks.
They say it was to make the guest visit easier by not having to rent a car and drive from the airport but it was to keep people on property.
Now with people renting cars again and other parks offering more attractions it give people a reason not to stay as long on Disney property and visit other parks.

On Disney's side it was a mistake. IMO as some who loves amusement/theme parks in general I think it's great that people are going to see other parks that are out there. I don't hate Disney just wish more people would give other parks a chance.

 

[71 Truck]

On Disney's side it was a mistake. IMO as some who loves amusement/theme parks in general I think it's great that people are going to see other parks that are out there. I don't hate Disney just wish more people would give other parks a chance.

I think they are going to. I keep reading on other sights that people are canceling their Disney vacations and will be doing other thing with their family's this summer.
Things like visiting national parks, going camping, spending more time together as a family, just not on long amusement park ride lines.

 

[NWOhiogal]

I think they are going to. I keep reading on other sights that people are canceling their Disney vacations and will be doing other thing with their family's this summer.
Things like visiting national parks, going camping, spending more time together as a family, just not on long amusement park ride lines.

And that's not a bad thing. I can recommend visiting Gettysburg National Battlefield Park. The site of the largest land battle in the western hemisphere and crammed full of history. The town is pretty too!

 

[GCC55]

Between 2016-2021, Disney Parks, Experiences and Products averaged 28.71% of The Walt Disney Company’s total revenues - and that division includes the massively revenue generating consumer products group so the contribution by the theme parks alone is less. In the last quarter, DPEP was 25.5% of income.

Disney derives more revenue from television affiliate fees.

Disney is a company very much driven by data and analytics and vacationers are pretty fungible. Disney is clear their current WDW strategy is to attract newer guests who may visit less often but spend more per visit, so losing diehards who don’t spend as much due to familiarity may be a bonus, although they won’t say the quiet part out loud. Disneyland has shown the diminishing returns of having a very frequent theme park guest audience.

Entertainment stocks as a whole are depressed at the moment, in part because current streaming numbers aren’t meeting Wall Street expectations due to the maturation of the streaming model after its rapid growth stage.

 

[Ms Bibbidi]

I did not recommend a boycott.

 

[GCC55]

Put some thought into this. Normally, people boycott (stay away from Disney by dropping annual passes and not entering the parks) to express dissatisfaction with some change like park reservations or Genie+. The idea is to take away from Disney something they want. In this case Disney wants fewer low profit passholders in their "mix" of park guests. So the smarter protester would be the loyal Disney fan who "boycotts" by flooding the parks and spending next to nothing. Don't buy Genie+, choke the lines, walk the parks, bring your own food and drinks, leave the merch on the shelves. Smile and walk out.

50th anniversary and some headlines today say the stock loss is $50 billion. Wow! Way to go, Disney. You need new press and government relations advisors.

That headline is not from what I would call a reliable, trustworthy and newsworthy source. Disney has dropped 15%, true.

Netflix has dropped 40%.

If you go, be aware you will also be inflating their attendance figures, which is another key metric they use.

Editing to add: in truth, a massive boycott of WDW would probably hurt the state of Florida more. Disney is a diversified company and can make up lost revenue elsewhere. And for every guest determined to boycott, there is probably a guest determined to spend more on Disney as a show of support or who are moving their vacations out of FL to Disneyland, a cruise that doesn’t leave from FL, and/or Aulani. Also, Disney can write off losses, which lessens their tax burden.

Florida, on the other hand, is heavily reliant on tourist, sales and corporate taxes in addition to property tax since it doesn’t have personal income tax. Less guests mean less hospitality and sales tax. Less guests also mean less employees which means less state unemployment tax going into FL’s coffers. And WDW must hire from outside FL to meet all its talent needs. That would slow or stop, so less new people pumping their discretionary income into FL’s economy.

And the only real way for Florida to regain lost income is by raising taxes…

 

[Ms Bibbidi]

The above sounds more like a belief system than anything based on reliable foundational facts and established expertise. If I can't state something from news sources (even ones that the above writer does not like) then all the additional statements in response should have some evidentiary foundation. Or are we talking about a double standard?

 

[jade1]

Has Bob (or Disney) responded to this (loss of RCID) being passed yet? Folks on here are quicker than most sites with updates.

If not do we expect a response and when?

Just seems like something folks would like to hear about, stockholders, taxpayers, workers, guests etc.

 

[wabbott]

PLEASE everyone stay out of the politics of this, the MODs have zero tolerance. Stick to just commenting on what Disney has or has not done.

What does that tell you? If moderators of discussion boards are so sensitive about political commentary that they won't allow mere discussion of it, then millions of paying Disney customers are likely to be just as sensitive, no matter what side of an issue those customers may be. In the case of social media, the worst that can happen is hurt feelings. In the case of a business that relies on good will to generate revenue, the consequences are much more serious - customers that will no longer buy your service or product.

Chapek & company should have kept their collective mouths shut. He should be fired yesterday. And that's how I voted the shares that I've held for nearly 40 years.

 

[Jrb1979]

What does that tell you? If moderators of discussion boards are so sensitive about political commentary that they won't allow mere discussion of it, then millions of paying Disney customers are likely to be just as sensitive, no matter what side of an issue those customers may be. In the case of social media, the worst that can happen is hurt feelings. In the case of a business that relies on good will to generate revenue, the consequences are much more serious - customers that will no longer buy your service or product.

Chapek & company should have kept their collective mouths shut. He should be fired yesterday. And that's how I voted the shares that I've held for nearly 40 years.

Too late now. IMO the damage has been done.

 

[BrightMorningStar]

What does that tell you? If moderators of discussion boards are so sensitive about political commentary that they won't allow mere discussion of it, then millions of paying Disney customers are likely to be just as sensitive, no matter what side of an issue those customers may be. In the case of social media, the worst that can happen is hurt feelings. In the case of a business that relies on good will to generate revenue, the consequences are much more serious - customers that will no longer buy your service or product.

Chapek & company should have kept their collective mouths shut. He should be fired yesterday. And that's how I voted the shares that I've held for nearly 40 years.

They allow it, but only when it is on favor of a particular position. It is not really about keeping arguments down as much as it is censorship about what you disagree with. Just like most social media platforms. I do not believe there is any room for cussing, attacking and name calling and the moderators and businesses are right to squash that. But that is not really the end game. We can vote with our money. That is really the strongest and only voice we have left. For what it is worth, I have loved Disney for many years and I appreciate that forums like this are available. I still apopreciate the forums. I hate the choices Disney is making. It is not the Disney I used to love.

 

[TheDailyMoo]

Many of us love Disney. We wouldn't be on a message board specifically about Disney if we weren't. Many of us have had great memories and good feels over the years. However things can change and in a hurry. Nothing is too big to fail (banks in 08?) and Disney isn't even amongst the leaders in market caps of all the giant companies. Let's also be real about the poor timing of Disney deciding politics was their main interest considering we are in one of the highest inflationary times...getting worse...more than likely a recession heading this way, interest rates being driven higher faster than people thought Powell would...and entertainment is expendable.

There are many things we aren't talking about because Bruno isn't the only thing we don't talk about around here apparently but we all know what's going on and you really have to have your head in the sand to see how this is not good for the future of Disney assuming they don't go back to again...staying in their lane

 

[New Mouse]

I don’t disagree but I mean we’ve had 6 hour lines for pop corn buckets. To insinuate the parks aren’t very full is wrong in my opinion. But you’re right without numbers we don’t know for sure, Disney has already admitted they won’t get back to 60k in MK so I don’t think they even have that as a goal. But I’d venture to say we’re in the 30-40k a day range right now, on busy days. Which might be what Disney wants their capacity to be.



What are you basing Disney not being that big on though? People have been claiming Universal will take over for the better part of a decade now. But Super Nintendo World is like 2 rides. Also I’m in the group that hopes it does slow down because my last few trips have been packed lol I’ll take an emptier one. I just don’t see the doom and gloom others do.

Magic Kingdom capacity is near 90k. If we are at 40k then something is definitely wrong.

 

[Ms Bibbidi]

Magic Kingdom capacity is near 90k. If we are at 40k then something is definitely wrong.

The info I found and your numbers are more in line. The estimated current crowd size is harder to find, but it is clearly not less than 50%.

 

[TLSnell1981]

I was wondering that too. I used to be a cast member and I remember our trainer during orientation telling us that no one has ever died on Disney property (this was 25 years ago). Although Disney bragged about this as if it were the safest theme park, it was explained to us that people who died at Disney would be removed and not declared dead until they crossed the Disney property line. I imagine that they won't be able to do that anymore.

Many years ago my family was present when a guest passed outside Space Mountain. There was no doubt the young woman had expired. Not sure if they waited to call the time of death but just a personal experience.

 

[SuzErwin]

Sorry, double post!