Cesar R M
Well-Known Member
And here I was thinking @PhotoDave219 had a fine selections of underwears.
But since hes "commando".. I just shake my head.
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A Spirited Perfect Ten
- Thread starter WDW1974
- Start date
But since hes "commando".. I just shake my head.
ParentsOf4
Well-Known Member
Since I always chime in for the quarterly financials, it's time to ring the bell. 
Domestic Parks & Resorts revenue grew by only 7.3%, the lowest Q3 growth since the recession.
International Parks & Resorts revenue fell by 12.8%. Disney was badly hurt by the strengthening dollar's exchange rate, although International theme park attendance and hotel occupancy both declined slightly, making matters even worse.
I already can hear it; "But Disney had record profits."
With what's happening up I-4, Disney sure as heck better be getting some sloppy seconds but let's put that record profit into perspective. Parks & Resorts operating income was up only 8.7%, the smallest increase in 2 1/2 years. Operating income had grown by 20% or more for the last 4 quarters, so 8.7% is not a number to strut around like a peacock, nor is where much of it came from:
When the heck is MyMagic+ going to stop appearing in Disney's 10Q?
However, no one should walk away thinking Parks & Resorts had a bad quarter. Quite the opposite, P&R put out some pleasing numbers this quarter, even if they were not as flashy as the prior few quarters.
More than anything, I like margins and, at 22.3%, Disney's Parks & Resorts operating margin was excellent. Take away the mini train wreck called International Parks & Resorts and the domestic margin was outstanding.
Staggs has been rewarded for restoring financial health to P&R's domestic operations.
Plans for a big, fat expansion in Orlando are safe.
Domestic Parks & Resorts revenue grew by only 7.3%, the lowest Q3 growth since the recession.
International Parks & Resorts revenue fell by 12.8%. Disney was badly hurt by the strengthening dollar's exchange rate, although International theme park attendance and hotel occupancy both declined slightly, making matters even worse.
I already can hear it; "But Disney had record profits."
With what's happening up I-4, Disney sure as heck better be getting some sloppy seconds but let's put that record profit into perspective. Parks & Resorts operating income was up only 8.7%, the smallest increase in 2 1/2 years. Operating income had grown by 20% or more for the last 4 quarters, so 8.7% is not a number to strut around like a peacock, nor is where much of it came from:
The decrease in marketing costs was driven by costs in the prior-year quarter in connection with the launch of MyMagic+ and new attractions at Magic Kingdom, partially offset by spending for the 60th Anniversary celebration at the Disneyland Resort in he current quarter.
When the heck is MyMagic+ going to stop appearing in Disney's 10Q?
However, no one should walk away thinking Parks & Resorts had a bad quarter. Quite the opposite, P&R put out some pleasing numbers this quarter, even if they were not as flashy as the prior few quarters.
More than anything, I like margins and, at 22.3%, Disney's Parks & Resorts operating margin was excellent. Take away the mini train wreck called International Parks & Resorts and the domestic margin was outstanding.
Staggs has been rewarded for restoring financial health to P&R's domestic operations.
Plans for a big, fat expansion in Orlando are safe.
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Cesar R M
Well-Known Member
id keep the meet and greet and remove the attraction lol.
I wonder if Big Hero 6 will replace it.. since they already closed the one at DHS?
HMF
Well-Known Member
I clicked on that thinking it meant SGE's days were numbered only to find out the walk-around character is leaving. Don't get my hopes up like that.
asianway
Well-Known Member
I suspect someone has risen from the dead
jt04
Well-Known Member
For now anyway.
WildcatDen
Well-Known Member
Well, there was Lazarus, but he had a little help
asianway
Well-Known Member
She/he knows too much and acts too dumb. This just about clinches itWell, there was Lazarus, but he had a little help
Buzz killer.
The Empress Lilly
Well-Known Member
Thanks for doing the hard work, saves me the effort of wadi ng through the report myself. Some assorted thoughts:
Doesn't the quote above imply MM+ costs are disappearing? The decrease in costs was driven by (at least a substantial amount of) last year's MM+ costs no longer showing up.
I think Disney is learning again what Eisner learned too. 20% increases can not be sustained indefinitely. Almost by sheer mathematical logic alone.
An 8.7% increase of a record profit is better than a 20% increase of mediocre profit.
brb1006
Well-Known Member
Is there any clips of Dopey from Descendents?
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Flippin'Flounder
Well-Known Member
I dont think Dopey was in it, just his son.
gmajew
Premium Member
brb1006
Well-Known Member
Oh thank goodness
GoofGoof
Premium Member
Good analysis as usual. Unfortunately you spent more time typing this post than most analysts spent looking at P&R numbers. This release was all about ESPN and really only ESPN. Listening to the call I almost forgot they had theme parks or a movie studio. If you want to get really drunk, turn the earnings call into a drinking game and do a shot every time someone says ESPN. Fun game, but you might end up getting your stomach pumped by the endSince I always chime in for the quarterly financials, it's time to ring the bell.
Domestic Parks & Resorts revenue grew by only 7.3%, the lowest Q3 growth since the recession.
International Parks & Resorts revenue fell by 12.8%. Disney was badly hurt by the strengthening dollar's exchange rate, although International theme park attendance and hotel occupancy both declined slightly, making matters even worse.
I already can hear it; "But Disney had record profits."
With what's happening up I-4, Disney sure as heck better be getting some sloppy seconds but let's put that record profit into perspective. Parks & Resorts operating income was up only 8.7%, the smallest increase in 2 1/2 years. Operating income had grown by 20% or more for the last 4 quarters, so 8.7% is not a number to strut around like a peacock, nor is where much of it came from:
The decrease in marketing costs was driven by costs in the prior-year quarter in connection with the launch of MyMagic+ and new attractions at Magic Kingdom, partially offset by spending for the 60th Anniversary celebration at the Disneyland Resort in he current quarter.
When the heck is MyMagic+ going to stop appearing in Disney's 10Q?
However, no one should walk away thinking Parks & Resorts had a bad quarter. Quite the opposite, P&R put out some pleasing numbers this quarter, even if they were not as flashy as the prior few quarters.
More than anything, I like margins and, at 22.3%, Disney's Parks & Resorts operating margin was excellent. Take away the mini train wreck called International Parks & Resorts and the domestic margin was outstanding.
Staggs has been rewarded for restoring financial health to P&R's domestic operations.
Plans for a big, fat expansion in Orlando are safe.
.For those Iger haters it had to be fun to watch the uncomfortable squirming and team doom and gloom is probably slapping hands with the stock down sharp as I type this. I do agree that none of this should have any impact on the new projects down in the swamps. If anything they may announce something sooner to shift focus to something more positive.
rael ramone
Well-Known Member
Since I always chime in for the quarterly financials, it's time to ring the bell.
Domestic Parks & Resorts revenue grew by only 7.3%, the lowest Q3 growth since the recession.
International Parks & Resorts revenue fell by 12.8%. Disney was badly hurt by the strengthening dollar's exchange rate, although International theme park attendance and hotel occupancy both declined slightly, making matters even worse.
I already can hear it; "But Disney had record profits."
With what's happening up I-4, Disney sure as heck better be getting some sloppy seconds but let's put that record profit into perspective. Parks & Resorts operating income was up only 8.7%, the smallest increase in 2 1/2 years. Operating income had grown by 20% or more for the last 4 quarters, so 8.7% is not a number to strut around like a peacock, nor is where much of it came from:
The decrease in marketing costs was driven by costs in the prior-year quarter in connection with the launch of MyMagic+ and new attractions at Magic Kingdom, partially offset by spending for the 60th Anniversary celebration at the Disneyland Resort in he current quarter.
When the heck is MyMagic+ going to stop appearing in Disney's 10Q?
However, no one should walk away thinking Parks & Resorts had a bad quarter. Quite the opposite, P&R put out some pleasing numbers this quarter, even if they were not as flashy as the prior few quarters.
More than anything, I like margins and, at 22.3%, Disney's Parks & Resorts operating margin was excellent. Take away the mini train wreck called International Parks & Resorts and the domestic margin was outstanding.
Staggs has been rewarded for restoring financial health to P&R's domestic operations.
Plans for a big, fat expansion in Orlando are safe.
But the takeaway, for now, is the 1) the profits aren't super duper enough for the street and 2) a lot of time on the call was spent on ESPN and it's future profitability... Right now it's down 7.25%. BMO Capital lowered their price target to $110 (meaning they estimate that it will be 'dead money' for the next year).
(They are replaying the Weatherman on CNBC right now - talked about all the films coming up. Listed tons of them. What each had in common: all sequels/franchises).
Took a real quick scan of the CC transcript - lots of ESPN questions. Wonder the tone of the responses (exasperation, perhaps).
If ESPN becomes a smaller part of the revenue pie - the Street is going to expect other parts of the company to deliver more profit.
ford91exploder
Resident Curmudgeon
Good analysis as usual. Unfortunately you spent more time typing this post than most analysts spent looking at P&R numbers. This release was all about ESPN and really only ESPN. Listening to the call I almost forgot they had theme parks or a movie studio. If you want to get really drunk, turn the earnings call into a drinking game and do a shot every time someone says ESPN. Fun game, but you might end up getting your stomach pumped by the end
For those Iger haters it had to be fun to watch the uncomfortable squirming and team doom and gloom is probably slapping hands with the stock down sharp as I type this. I do agree that none of this should have any impact on the new projects down in the swamps. If anything they may announce something sooner to shift focus to something more positive.
You have precisely summed up the issues with the so called 'Analysts' on 'Wall St, You have also summed up the issues with Iger's TWDC it is struggling with top line growth nearly all the 'increases' have stemmed from cuts and price increases in the various divisions. Say what you will about the Miller and Eisner era they GREW the TWDC (nee WDP) organically unlike the financial engineering seen in Iger's TWDC.
ford91exploder
Resident Curmudgeon
More than anything, I like margins and, at 22.3%, Disney's Parks & Resorts operating margin was excellent. Take away the mini train wreck called International Parks & Resorts and the domestic margin was outstanding.
Staggs has been rewarded for restoring financial health to P&R's domestic operations.
Plans for a big, fat expansion in Orlando are safe.
I don't think they are safe based on ESPN and the remaining Disney networks ad rates falling because of the falling ratings and international P&R is a drag on TWDC as usual and the economy in China is heading for the dumper. The 'Street will demand profit and domestic P&R and DCL are the second biggest drivers of profit in TWDC...
Rodan75
Well-Known Member
Since I always chime in for the quarterly financials, it's time to ring the bell.
Domestic Parks & Resorts revenue grew by only 7.3%, the lowest Q3 growth since the recession.
International Parks & Resorts revenue fell by 12.8%. Disney was badly hurt by the strengthening dollar's exchange rate, although International theme park attendance and hotel occupancy both declined slightly, making matters even worse.
I already can hear it; "But Disney had record profits."
With what's happening up I-4, Disney sure as heck better be getting some sloppy seconds but let's put that record profit into perspective. Parks & Resorts operating income was up only 8.7%, the smallest increase in 2 1/2 years. Operating income had grown by 20% or more for the last 4 quarters, so 8.7% is not a number to strut around like a peacock, nor is where much of it came from:
The decrease in marketing costs was driven by costs in the prior-year quarter in connection with the launch of MyMagic+ and new attractions at Magic Kingdom, partially offset by spending for the 60th Anniversary celebration at the Disneyland Resort in he current quarter.
When the heck is MyMagic+ going to stop appearing in Disney's 10Q?
However, no one should walk away thinking Parks & Resorts had a bad quarter. Quite the opposite, P&R put out some pleasing numbers this quarter, even if they were not as flashy as the prior few quarters.
More than anything, I like margins and, at 22.3%, Disney's Parks & Resorts operating margin was excellent. Take away the mini train wreck called International Parks & Resorts and the domestic margin was outstanding.
Staggs has been rewarded for restoring financial health to P&R's domestic operations.
Plans for a big, fat expansion in Orlando are safe.
Great Summary of the earnings report! Thank you @ParentsOf4 . There seems to be far too much emotion surrounding yesterday's 'miss' and outlook for both P&R and Media Networks. Currently showing how dangerous Pixie Dust can be when Wall Street Analysts get ahold of it.