Sirwalterraleigh
Premium Member
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News Chapek FIRED, Iger New CEO
- Thread starter Chef Mickey
- Start date
Serpico Jones
Well-Known Member
Next month’s investor call is going to be very interesting. If the stock tanks below $80 a share all bets are off.
Sirwalterraleigh
Premium Member
$79.99 is when the “back channel” conversations leak out.
You think the California public employees retirement fund (the largest holder of Disney stock) hasn’t been talking to their brokers?
$191 in January 2021 to the crap it is today?
But even tossing out the bogus $191 number…underperforming the market and competitors to the tune of 20-30%?
Oh…there’s talk
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el_super
Well-Known Member
That's a funny way of saying "I don't know."
It will be interesting. I expect the revenues will be down slightly from 2022 levels, but probably still up over 2019. If they have cut costs to accommodate fewer customers, they could still be making a ton of money.
Yes, it's in the transcript. At the end of the calendar year.
Nubs70
Well-Known Member
If gates clicks are down with PCGS and PRGS remaining constant, net revenue will be down. If the labor cuts offset (COGS) a potential decline in gross revenue, this quarter could look good.
But what does lower gate clicks portend in the future? How does one keep increasing net revenue in the future?
Sirwalterraleigh
Premium Member
Supe is not good at two specific things from a discussion angle
1. Comprehension
2. Application
Sirwalterraleigh
Premium Member
You cannot lose attendance and make “a ton of money”
Especially when you charged full price before and now is coupon crazy
Watch it play…if it’s a bunch of lines about “rebounds from pandemic” and “strong per guest sprending trends”…it’s an attempt to bury the lead.
Disstevefan1
Well-Known Member
They will just keep raising prices on everything.
Nubs70
Well-Known Member
And/Or:
Lowering costs of materials (Flank Steak instead of Filet). Equally magical
Overhead (Head Count). Talk to ESPN
Sirwalterraleigh
Premium Member
People are not showing because they don’t want to pay them already
It’s time to dispel two dusters myths that were never true:
1. There aren’t enough whales to make more with less
2. There is not “5 people to take your place”
Stupid excuses for Bob Iger
A cheap Hollywood suit.
Sirwalterraleigh
Premium Member
They’ll try
But espn is about worthless…which is why they’re gonna force it on people with ads
Disstevefan1
Well-Known Member
I truly hope you are right. WDW needs "a reset".
Day guests may be less, but the hard ticket events are still selling out right?
I think it's a fact that they did lose a lot of local APers since they cr@pped up the AP programs and I wonder how that changed the day-to-day attendance at WDW?
And I really would like to see the spending per guest data and not so much the attendance for the sake of attendance.
el_super
Well-Known Member
That's the trick. It represents a growth opportunity.
How... I mean ... seriously do you not read the reports? This already happened.
2019: 26.25 Billion in Revenue on 87M (est) attendance
2022: 28.7 Billion in Revenue on 73M est attendance
Revenue went up, even though attendance went down. How do you not already know this?
Nubs70
Well-Known Member
And how did the increase in revenue happen with a decrease in attendance?
Is that model still applicable today?
Disstevefan1
Well-Known Member
el_super
Well-Known Member
That's what we're all waiting to find out. If attendance is still down from 2019 numbers, but revenue is still exceeding 2019, they will be fine. Probably why Iger doesn't sound so concerned about the heat.
Tha Realest
Well-Known Member
At Disneyland, yes. All of Oogie Boogie is sold out.
Only one date - Halloween - has sold out for MNSSHP