ImperfectPixie
Well-Known Member
Yup. And this is the main problem. Everything goes to the top. Anyone not at executive level is a serf.
(This isn't just a Disney problem...it's a nationwide problem.)
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News Disney hikes the price of Mickey Bars and Dole Whip along with hundreds of other food and beverage items at Walt Disney World
- Thread starter wdwmagic
- Start date
(This isn't just a Disney problem...it's a nationwide problem.)
Dan Deesnee
Well-Known Member
Just wait till tomorrow when the numbers get reported.
I'm not saying Disney is ran well, nor justifying the price increases.
It's silly to think that when your average grocery bill is up 20% from last year that Disney's food prices won't also go up.
And it isn't over by a long shot. Expect prices to keep going up most of this year. Here's a preview from BofA of tomorrow's data:
- price of basic human needs such as food, heat, shelter soaring; global food prices up 27% YoY;
- US heating costs up: 30% for natural gas, 43% for oil, 54% for propane;
- US rents up 12%,
- house prices 18%
- lumber prices up 40% past 4 months
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Did they mention orange juice futures? Asking for a couple of friends.
There’s inflation, there’s government-reported inflation, and then there’s Disney inflation.
I bet the CFO talks about our waistlines again and how the price increases are good for them.
Model3 McQueen
Well-Known Member
- In the Parks
- No
Meanwhile the average income stays the same, plus 1 - 2% a year maybe.
Squishy
Well-Known Member
Not to mention a 4.75lb bag of dole soft serve mix retails for around $25-$31 and has a serving size of over 50, no doubt they use bigger bags in the parks but they are making a hefty profit off themA dole whip moving from $6 to $7 overnight is a pretty big hike in my opinion.
matt9112
Well-Known Member
I mean employees right? Why on earth should companies lower there profit margins to treat there employees well. Cant increase pay like that AND increase share prices year over year.
(Eye roll)
matt9112
Well-Known Member
This is it...people are like inflation....disneys prices are already measurably high....the profit margins on there products are likely in the high double digits.
FettFan
Well-Known Member
Walmart sells them. Box of six for $6.97.
https://www.walmart.com/ip/Disney-Mickey-Mouse-Light-Ice-Cream-Bars-6-Count/252557024
lazyboy97o
Well-Known Member
Disney’s margins are nowhere near the same as a local franchisee’s. Disney could absorb the increase with minimal impact but they’re too afraid to take even the slightest hit to their numbers.
Disney's MO. Increase price. Shop distributors for lower cost alternatives and/or reduce portion size - all in an attempt to cut costs. End result = higher price/lower quality/increased margin. Rinse and Repeat.
Or sometimes they just condition behavior. I remember a few years ago standing in line at an EPCOT cart to get a beer. I was shocked to see that beer prices actually went down. It all made sense once I realized they slightly lowered the price because they lowered the size from 16oz to 12oz. Knew exactly what they were doing - and sure enough within a year you were paying the same price for 12oz that you previously paid for 16oz.
Or sometimes they just condition behavior. I remember a few years ago standing in line at an EPCOT cart to get a beer. I was shocked to see that beer prices actually went down. It all made sense once I realized they slightly lowered the price because they lowered the size from 16oz to 12oz. Knew exactly what they were doing - and sure enough within a year you were paying the same price for 12oz that you previously paid for 16oz.
John park hopper
Well-Known Member
Add both state and federal tax increases
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Walmart And Target Just Put Long-Term Customer Loyalty Over Short-Term Profits
Despite inflation and supply-chain woes, retail giants say they are putting long-term customer loyalty ahead of quick profits.
www.forbes.com
In their most recent earnings calls with investors and analysts, the two bellwether businesses said that they would not raise prices to compensate for higher supply chain-related costs and pre-inventory purchases.
Walmart even went so far as to tell investors that its competitive “price gap” was larger than normal, but that it wouldn’t take advantage of the opportunity to increase prices more than necessary.
So not ALL companies are raising prices and are actually thinking about who the customer is and don't want to lose them
ImperfectPixie
Well-Known Member
Frankly, I'm shocked.Walmart And Target Just Put Long-Term Customer Loyalty Over Short-Term Profits
Despite inflation and supply-chain woes, retail giants say they are putting long-term customer loyalty ahead of quick profits.
In their most recent earnings calls with investors and analysts, the two bellwether businesses said that they would not raise prices to compensate for higher supply chain-related costs and pre-inventory purchases.
Walmart even went so far as to tell investors that its competitive “price gap” was larger than normal, but that it wouldn’t take advantage of the opportunity to increase prices more than necessary.
So not ALL companies are raising prices and are actually thinking about who the customer is and don't want to lose them
John park hopper
Well-Known Member
Disney has never put long-term customer loyalty ahead of profits
lazyboy97o
Well-Known Member
Some companies are confident enough that they can easily explain how losing a few cents here is made up with the volume of sales or the new customers attracted by keeping prices the same. Disney can’t. We’ve seen this before. They panic at the notion of the slightest decrease in business at the parks.Walmart And Target Just Put Long-Term Customer Loyalty Over Short-Term Profits
Despite inflation and supply-chain woes, retail giants say they are putting long-term customer loyalty ahead of quick profits.
In their most recent earnings calls with investors and analysts, the two bellwether businesses said that they would not raise prices to compensate for higher supply chain-related costs and pre-inventory purchases.
Walmart even went so far as to tell investors that its competitive “price gap” was larger than normal, but that it wouldn’t take advantage of the opportunity to increase prices more than necessary.
So not ALL companies are raising prices and are actually thinking about who the customer is and don't want to lose them
John park hopper
Well-Known Member
I'm sure Disney is buying everything in bulk dole mix, water, soda, Mickey bars etc etc and they get a huge discount from the supplier. Disney's markup has got to be ridiculous. Costco I can get a case of bottled water comes out to 15 cents a bottle I'm sure Disney is getting it at far less maybe 10 cents a bottle and sells it for 3.50 hefty markup. Lord only knows what the markup is on pretzels and Mickey bars.
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Jrb1979
Well-Known Member
Staycation's will the future for most.
ImperfectPixie
Well-Known Member
I don't think fear is the motivator...I think it's greed.