Is attendance really down at WDW this or…

[JD80]

So if Disney fired 10000 Cast Members and the stock rose 5 points would we be cheering here?

If Disney released the highest grossing animated film ever, but the stock rose would we be proclaiming the start of a new Disney era?

If Deadpool becomes the highest grossing rated R movie ever beating Joker, but the stock goes down still, will we be proclaiming the death of the MCU?

Stock prices are a stupid barometer for some of this stuff.

 

[Lilofan]

So if Disney fired 10000 Cast Members and the stock rose 5 points would we be cheering here?

If Disney released the highest grossing animated film ever, but the stock rose would we be proclaiming the start of a new Disney era?

If Deadpool becomes the highest grossing rated R movie ever beating Joker, but the stock goes down still, will we be proclaiming the death of the MCU?

Stock prices are a stupid barometer for some of this stuff.

When Meta conducted mass layoffs, Wall Street approved and the stock rose double digit %.

 

[Sirwalterraleigh]

You mean back during the zero-interest decade when Disney cranked up the marketing machine to attract as many people as they possibly could on the back of years of QE, artificially low interest rates, and increased prices at every turn, particularly once $lappie was installed as the head of P&R? That checks out.


No, no. Building more capacity just increases demand and creates more problems! Prices are too cheap and should be raised further to decrease the number of people in the parks!! Just ignore the realities of further price hikes decreasing revenue because you can't raise prices enough to compensate for the drop in demand. Haven't you been listening to the only person in the forums who knows anything about the parks??

You mad, bro?

 

[JD80]

When Meta conducted mass layoffs, Wall Street approved and the stock rose double digit %.

I know. What would we be more happy with? That disney fired 10000 people and the stock went up? Or would we be disappointed that Disney fired 10,000 people as a profitable company just to get a stock bump?

 

[Sirwalterraleigh]

So if Disney fired 10000 Cast Members and the stock rose 5 points would we be cheering here?

If Disney released the highest grossing animated film ever, but the stock rose would we be proclaiming the start of a new Disney era?

If Deadpool becomes the highest grossing rated R movie ever beating Joker, but the stock goes down still, will we be proclaiming the death of the MCU?

Stock prices are a stupid barometer for some of this stuff.

What a complete red herring, scarecrow…

You went “the poor cast members will suffer?”

Haven’t seen that one for a bit

You have to grasp how the numbers work. One box office - while positive - doesn’t move the needle.

It’s almost entirely their broadcast/stream revenues and their P&R receipts like…80%

And it’s been that way for decades. That’s why attendance decline and tv troubles are so big. All these things are not equal.

What did you talk about on your vlogg? I assume it was tours of character restaurants and parades and discussion of “magic”? And not financials for a huge money beast?

 

[Nubs70]

I know. What would we be more happy with? That disney fired 10000 people and the stock went up? Or would we be disappointed that Disney fired 10,000 people as a profitable company just to get a stock bump?

As an investor, I would be happy that a company is lowering labor costs and becoming more efficient.

 

[Nubs70]

So if Disney fired 10000 Cast Members and the stock rose 5 points would we be cheering here?

If Disney released the highest grossing animated film ever, but the stock rose would we be proclaiming the start of a new Disney era?

If Deadpool becomes the highest grossing rated R movie ever beating Joker, but the stock goes down still, will we be proclaiming the death of the MCU?

Stock prices are a stupid barometer for some of this stuff.

Stock price is a barometer of future performance until new information is available. A continued day after day decline in stock price gives the indication that performance is deteriorating.

Given the trajectory of the current stock price, what would conclude DIS performance?

 

[Vacationeer]

I wonder how many millions it cost Disney to put the Genie back in the bottle and call all their monetized line throttling "Lightning Lane".

Probably nowhere near the money wasted on Halcyon, Enchanted and Harmonious. Hundreds of millions spent that did not go as planned. How/where did these go wrong. Hopefully they’re seeing the answer and fixing it.

 

[JD80]

Glad you can go on a WDW fan forum and be happy 10k people lost their jobs to a company with billions in profits.

 

[Tha Realest]

So if Disney fired 10000 Cast Members and the stock rose 5 points would we be cheering here?

If Disney released the highest grossing animated film ever, but the stock rose would we be proclaiming the start of a new Disney era?

If Deadpool becomes the highest grossing rated R movie ever beating Joker, but the stock goes down still, will we be proclaiming the death of the MCU?

Stock prices are a stupid barometer for some of this stuff.

Maybe. Maybe not. But clearly the market was reacting to Universal’s lowered attendance and revenue, so it’s germane to this thread.

 

[Lilofan]

I know. What would we be more happy with? That disney fired 10000 people and the stock went up? Or would we be disappointed that Disney fired 10,000 people as a profitable company just to get a stock bump?

A job loss is never a good thing. I survived a number of layoffs and I was rewarded with a job, more responsibility and little / raise and bonuses end of year but at least I was still employed. Wall Street reacts at times positive as a company restructures just sayin.

 

[Sir_Cliff]

No, it doesn't and I think this is something we all have internalized to some degree but people tend to forget.

The market could care less that we don't like Bob and/or many of the choices he made. They drove the stock up the whole time he was there implementing all the things we all claim to hate. They also punish the company for doing things like announcing they are going to spend money on the parks.

The market is not a representation of fans and their beliefs and if a new CEO came in tomorrow that said they were going to return street actors, hire more staff, increase hours, increase maintenance, increase food and merch quality, and build all new original capacity not based on any existing IP the stock would tank.

You know what they care about? Higher operating income, decreased costs, new revenue streams, increased profit margins, etc.

The market is NOT a fans friend. Sometimes their interest aligns but that can and does change at any moment.

Yes, I feel people are so blinded by their hatred of Iger that they're just enjoying dancing around and laughing about declining stock prices as some kind of vindication. On some level, though, I assume they have to know that all those institutional investors to the extent they care about the parks at all want Disney to push down costs and push up prices to extract the maximum amount of profit possible. When the company announces they plan to invest more money in the division to increase capacity, I expect the market will react negatively, if at all.

 

[Sirwalterraleigh]

As an investor, I would be happy that a company is lowering labor costs and becoming more efficient.

They don’t even need to attack it that way

They need to create a desire for more product through a combination of shrewd moves, value and quality

That’s the ingredients of Disney parks since day 1

They are failing on all fronts in recent years

 

[Vegas Disney Fan]

Stock price is a barometer of future performance until new information is available. A continued day after day decline in stock price gives the indication that performance is deteriorating.

Given the trajectory of the current stock price, what would conclude DIS performance?

This is my take on the stock falling also, investors have no faith in Disney attendance picking up either.

None of us want to see CMs fired, just the opposite, we want more entertainers hired, all rides fully staffed, all hotels fully staffed, magical express drivers employed, etc, etc, etc… unfortunately Disney doesn’t see the value in creating an amazing parks experience anymore and is driving people away in droves by eliminating jobs… and the stock is still tanking. I think the investors see the same failures negatively affecting the brand that us fans do.

Management is failing everyone, investors and fans, and they keep doing more of the same to “fix” it rather than changing course and offering value again to encourage growth rather than contraction.

 

[Sirwalterraleigh]

Probably nowhere near the money wasted on Halcyon, Enchanted and Harmonious. Hundreds of millions spent that did not go as planned. How/where did these go wrong. Hopefully they’re seeing the answer and fixing it.

It’s impossible to make meaningful change until the guard is changed.

Management and a collapse regime is the base problem

 

[Nubs70]

How many revenue estimates has DIS met or exceeded in the last 4 quarters?

 

[Dranth]

How many revenue estimates has DIS met or exceeded in the last 4 quarters?

Pretty sure they have had four close misses on revenue and beat on the last four EPS.

Having said that, segment sentiment, rotation and future guidance would all be bigger factors to market reaction after the initial numbers are released in my mind. Unless you are strictly looking at revenue to measure something specific, it isn't all that useful in a vacuum.

 

[el_super]

This is my take on the stock falling also, investors have no faith in Disney attendance picking up either.

Actual Investors:

Then there were Comcast’s poor theme park results, reported after the market closed on Tuesday. Comcast—the parent of Universal Studios theme park—said that second-quarter parks revenue decreased by 11% from the prior year as fewer people visited.​

​

At first glance, that’s a bad omen for Disney World, whose theme park is only 30 minutes from Universal Studios. Comcast management noted on its earnings conference call that parks were early beneficiaries of the rebound in tourism after the pandemic. Recently, demand for other kinds of travel, like cruises, and tourism in international destinations has picked up, resulting in a normalization of visits to Comcast’s theme parks.​

​

However, Barclays analyst Kannan Venkateshwar wrote on Wednesday that there isn’t a reason for Disney investors to worry as “revenue and cost mix at Disney and Universal parks is very different and extrapolations based on Universal results may be misleading.” He rates Disney as Neutral with a $130 price target.​

https://www.barrons.com/articles/walt-disney-stock-price-streak-news-22bdbaa6

 

[bwr827]

…you serious, Clark?

There are people that argue daily…including likely Today…

That attendance isn’t down even though there’s data from Disney to support it.

Or that their movies haven’t been failing…Even though Disney has to release data to account for it.

It’s nuts. Disney “adults” are often not really adults…it’s fantasy influenced immaturity

Yes, I’m serious.

I’ve seen people argue those things too, but then also have seen them criticize other aspects of Disney.

You listing one-off topics is not a rebuttal to the point.

 

[JD80]

A job loss is never a good thing. I survived a number of layoffs and I was rewarded with a job, more responsibility and little / raise and bonuses end of year but at least I was still employed. Wall Street reacts at times positive as a company restructures just sayin.

I know. That's my point. I don't think it's particularly worthwhile to cheer on wall street one way or another.