Disney’s Q1 FY22 Earnings Results Webcast

[MisterPenguin]

Got to go. Have fun storming the castle...

 

[Creathir]

Q: On Theme Parks: How can you squeeze margins [that is, guests] for more profit. It seems you're improving capacity, what's that all about?

A: Christine> We have changed operational ways to help with margins (GENIE!) We're still waiting for international guests. We're creative in content and relieving people of their money.

The hubris of these clowns.

There is zero concern for long term impact to guest satisfaction or legacy. Just short term gains.
What happens 5 years from now when people are fed up with standing in line for 2 hours for a ride on space mountain while hundreds pass them by who shelled out $9/person/ride.

 

[Sirwalterraleigh]

Everyone does realize the stupidity of “year over year” in this case, correct?

get through the spin and nothing impressive is going on under the circumstances.

 

[Mac Tonight]

Please someone ask him why How I Met Your Father is such a terrible show.

 

[HauntedPirate]

"Immersive!"

*takes shot*

We may need to call the police to do a welfare check due to alcohol poisoning.

 

[danv3]

Bob: Capacity is constrained at parks because we can't hire enough short-order cooks [??] and we don't want guests to feel jam packed in during fireworks and parades. Also, we really love the reservation system. Makes our guests feel like they'll have a great experience at any time of year.

 

[HauntedPirate]

Bob: Capacity is constrained at parks because we can't hire enough short-order cooks [??] and we don't want guests to feel jam packed in during fireworks and parades. Also, we really love the reservation system. Makes our guests feel like they'll have a great experience at any time of year.

Spoken like a clueless twit who's never spent a minute in the parks without handlers.

 

[el_super]

Everyone does realize the stupidity of “year over year” in this case, correct?

get through the spin and nothing impressive is going on under the circumstances.

They said that per-cap spending at the parks is up 40% over 2019. That's a pretty big jump.

This is, as they are mentioning right now, being done while attendance is still capped, international visitation is almost non-existent and liver entertainment is still on ice.

Spending/attendance rebounding so quickly is a good indicator that pricing may still be low, or at least considered reasonable for their targeted audience. Essentially nothing done at the parks post-pandemic has had any real negative impact on attendance. And as capacity/entertainment come back up, they can ride the revenue wave for a few years at least.

 

[Sirwalterraleigh]

Yes he did.

The only thing i noticed about that was these two words: “introductory price”

I don't understand the disdain people have for sports betting.

Generally speaking…it’s an awful habit that’s addictive and causes real harm to many thar can’t control it…
As a bit of an old school sports purist…it also diverts attention away from the contest Itself…which is why you play.

Christine - "Per capita spending at our domestic parks was up more than 40% versus fiscal first quarter 2019, driven by a more favorable guest and ticket mix, higher food, beverage and merchandise spending, and contributions from Genie plus and lightning"

Lol…that statement is gold…and guess who’s to blame for it?

 

[Mac Tonight]

We may need to call the police to do a welfare check due to alcohol poisoning.

 

[Sirwalterraleigh]

They said that per-cap spending at the parks is up 40% over 2019. That's a pretty big jump.

This is, as they are mentioning right now, being done while attendance is still capped, international visitation is almost non-existent and liver entertainment is still on ice.

Spending/attendance rebounding so quickly is a good indicator that pricing may still be low, or at least considered reasonable for their targeted audience. Essentially nothing done at the parks post-pandemic has had any real negative impact on attendance. And as capacity/entertainment come back up, they can ride the revenue wave for a few years at least.

Kinda how prices are up a “huge jump” from 2019, huh?
Nobody wants to notice that during their vacation pre-trip reports…

that being said…I agree with you and that means parks are _____

that is what we’re looking at here

 

[Mac Tonight]

"Meta....verse!!!"

*passes out drunk*

 

[HauntedPirate]

Lol…that statement is gold…and guess who’s to blame for it?

The same people who willingly hand over a credit card, repeatedly, while being pickpocketed for the rest of their money at the same time?

 

[el_super]

Kinda how prices are up a “huge jump” from 2019, huh?
Nobody wants to notice that during their vacation pre-trip reports…

Yeah but that's exactly the point. Iger stated back in 2019 that lower attendance was leading to increased revenues. They raise the prices to control the crowds and create a better experience. I think some assumed that the increased prices, charging for more incidentals like Genie+ and the general reduction in services would have led to lower revenue (via lower attendance and spending), but that isn't the case at all.

The parks are showing good signs of recovery.

 

[Sirwalterraleigh]

The same people who willingly hand over a credit card, repeatedly, while being pickpocketed for the rest of their money at the same time?

Yep…lead by everyone here on this board predicting that chapek will be fired while having ZERO intention of not paying whatever prices are charged.

they must not teach cause and effect in 4th grade anymore.

 

[Sirwalterraleigh]

Yeah but that's exactly the point. Iger stated back in 2019 that lower attendance was leading to increased revenues. They raise the prices to control the crowds and create a better experience. I think some assumed that the increased prices, charging for more incidentals like Genie+ and the general reduction in services would have led to lower revenue (via lower attendance and spending), but that isn't the case at all.

The parks are showing good signs of recovery.

Their goal was not and never will be lower attendance.

I have some seeds to sell you.

 

[HauntedPirate]

"Per guest spending is up 40%..."

"YOU are the magic!!!"

 

[Sirwalterraleigh]

"Per guest spending is up 40%..."

"YOU are the magic!!!"

I’m gonna check roget’s to see if “bankrupt” is another word for “magic”

 

[Chef Mickey]

Chapek is awful for the parks and I think the company, but this was a solid quarter. I’m sad price increases at parks appear to be working, because we’ll just have more of them until it stops working.

I own the shares, so I’m happy there, but I fear what parks will become.

 

[Sirwalterraleigh]

I’ll say this just once…a recession would be the best thing for Disney parks in the longterm.

magic for all