ParentsOf4
Well-Known Member
I agree with you that, even with the recent improvement in Parks & Resorts operating margin, last year's 17.6% was subpar by many standards. However, it was Disney's best in over a decade.I was talking percentages, however less of an internal comparison. Comparitive to Jay, Tom has done well running P&R but compared to their competitors they are investing less, bringing in huge revenues, yet have far worse margins. I believe in 2013, CMCSA reported 44% margins in theme parks. While I wouldn't expect 40%+, I would like to see at least 30%. They are seemingly hemorrhaging cash somewhere and we all know where it isn't.
Maybe I'll dig in and post a better write up later. Keep in mind I am likely missing something obvious here as I didn't really do a thorough job.
Before the Paul Pressler crash-and-burn, P&R averaged 21.6% over 3 decades.
In 2013 (2014 numbers should be released later this month), Universal was at 31.5%.
In 2013, Six Flags was at 18.4%.
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