FY2016 Q4 Year End Earnings Call

[ford91exploder]

Placeholder for 5PM Earnings Call,

Already it's not looking good - EPS missed by 6 cents per share and Stock down 3% in after hours trading. I have the webcast up it's playing elevator music now

 

[JohnD]

Q4 is July, August, September, right? Yeah, they had a crappy summer. I can't speak to stock prices and things like that but I can think of Pulse shooting, Brexit, Brazil economy, alligator attack, and Hurricane Matthew.

 

[ford91exploder]

Here is the full text of the earnings report

https://ditm-twdc-us.storage.googleapis.com/q4-fy16-earnings.pdf

 

[ford91exploder]

Q4 is July, August, September, right? Yeah, they had a crappy summer. I can't speak to stock prices and things like that but I can think of Pulse shooting, Brexit, Brazil economy, alligator attack, and Hurricane Matthew.

The problem is according to the talking heads on the financial networks - All the divisions missed in Q4 not just P&R which one would expect given the factors you mention.

 

[JohnD]

The problem is according to the talking heads on the financial networks - All the divisions missed in Q4 not just P&R which one would expect given the factors you mention.

Okay, thanks.

 

[LuvtheGoof]

Actually, Parks & Resorts was slightly up over last year's Q4. And up for the entire year.

 

[DDLand]

Actually, Parks & Resorts was slightly up over last year's Q4. And up for the entire year.

Revenue yes, but Operating Income no.

YoY margins for the quarter represented a decrease from 16.9 to 15.9 in margins.

Expect lots of Shanghai fluff. Including the new Toy Story land.

 

[SorcererMC]

Actually, Parks & Resorts was slightly up over last year's Q4. And up for the entire year.

True. 1% though. . Domestically - increased guest spending growth at WDW despite lower volume; decrease at DL.
Intl - attendance down at DLP and HKDL.

 

[Liberty6]

Actually, Parks & Resorts was slightly up over last year's Q4. And up for the entire year.

That's the thing that is crazy to me in the business world. You could deliver great results earning more income then last year but if you don't meet the "expectations" of Wall Street the analysts make it sound as if you lost money.

 

[ford91exploder]

Studios record 8.5 Billon

 

[ford91exploder]

Shanghai 4 Million Guests in first 4 Months, TWDC not providing guidance at this time

 

[ford91exploder]

Media networks - Iger notes that ESPN has the richest set of rights, Discussed BAMTech and DIS will be bringing out BAMtech products to consumers in 2017

 

[ford91exploder]

Interestingly enough Iger notes that 2017 will be an 'anomaly' in the companys growth

 

[ford91exploder]

Call turned over to Catherine who noted that EPS was 1.10 for quarter and 5.72 year, Emphasized that Disney was 'Returning Capital' to investors.

QUarterly revenue was down 8% for the quarter, Cable operating revenue was down 13%, Noted that comparables are difficult due to last years 53 weeks.

Noted that advertising has dropped

 

[ford91exploder]

Parks and Resorts - down 5% in 4th quarter

 

[ford91exploder]

Attendance at P&R was down 10% Q4 compared to last year PRGS up 1% Food and Beverage up 2% DLP was soft this quarter and Catherine noted 'Disappointment' with Paris results

Studio revenues up 37% year over year

 

[SorcererMC]

Shanghai 4 Million Guests in first 4 Months, TWDC not providing guidance at this time

SDL financial results ahead of expectations, but anticipating very close to or break-even for 2017.

 

[ford91exploder]

Disney estimates that they will spend 8 billion on share repurchases this year

 

[ford91exploder]

Hurricane Matthew has a 40 million impact on WDW operations, Bookings down 3% in Q1 and Rates up 2%

 

[ford91exploder]

Consumer Products Operating income down 20% but DIS expect growth for the year,

DIS expects 'modest' earnings growth 2017