During the 2012 fiscal year conference call, CFO Jay Rasulo said:
It's uncertain what "down modestly" means. Most companies downplay bad news at such conference calls. Doing a little bit of inexact extrapolation:
- Domestic attendance is up 3%
- Total DLR 2011 attendance was 22.5M according to Themed
Entertainment Association (TEA)
- Total WDW 2011 attendance was 47.4M according to TEA
Given that "Disneyland attendance was up substantially" while "Walt Disney World attendance was down modestly", what exactly does a 3% attendance increase mean?
People have suggested that DCA could break the 10M mark this year, up from 6.34M in 2011. DL might be down a bit (1M?) since more people are visiting DCA. Combined together, I'd guess DLR's total attendance might be 26M. Again, this is just a guess but I'd call that "up substantially". Total attendance is up 3%, so WDW's attendance would be about 46M, or down about 3%.
If I was the CFO on a public conference call, I'd call a 3% decline "modest". Behind closed doors, I'd be scambling to figure out how to fix it.