ABC Family, Go.com, Power Rangers
Quoting from the release:
Quoting from the release:
"Higher operating income was due to growth at our domestic parks and resorts driven by increased guest spending at Walt Disney World Resort, higher attendance at Disneyland Resort and increased occupied room nights at both resorts. Higher guest spending was due to higher average ticket prices and food, beverage and merchandise spending. These increases were partially offset by higher costs which were driven by spending on MyMagic+ and labor and other cost inflation, partially offset by lower pension and postretirement medical costs."
Yes, MyMagic+ was an anchor on earnings.
Gross margin for the quarter was 12.8%.
Under Eisner, who usually ran a P&R margin in the 20's, 12.8% would have been a disaster.
Under Iger, it's going to be spun as a great quarter.
Don't forget that we've had two rounds of ticket price increases since last year's Q2, inflating earnings.
Thank you, higher WDW prices!
Forgive the bluntness, but that's a silly statement. We know they are spending money, so the costs are of course affecting (with an "a") the company. That doesn't mean the thing is over budget, getting people fired, or causing other projects to be delayed, but of course they are affecting the company.
Don't forget that we've had two rounds of ticket price increases since last year's Q2, inflating earnings.
Thank you, higher WDW prices!
Quoting from the release:
"Higher operating income was due to growth at our domestic parks and resorts driven by increased guest spending at Walt Disney World Resort, higher attendance at Disneyland Resort and increased occupied room nights at both resorts. Higher guest spending was due to higher average ticket prices and food, beverage and merchandise spending. These increases were partially offset by higher costs which were driven by spending on MyMagic+ and labor and other cost inflation, partially offset by lower pension and postretirement medical costs."
Yes, MyMagic+ was an anchor on earnings.
Gross margin for the quarter was 12.8%.
Under Eisner, who usually ran a P&R margin in the 20's, 12.8% would have been a disaster.
Under Iger, it's going to be spun as a great quarter.
Don't forget that we've had two rounds of ticket price increases since last year's Q2, inflating earnings.
Thank you, higher WDW prices!
Is it that the more people which COULD be allowed into the parks is POTENTIALLY in the thousands, or they have already allowed thousands more in due to the distribution of guests? If the latter, then why didn't they report an increase in attendance at WDW like they did at Disneyland?
What lower margins mean is that P&R is considerably less effective at making money than it once was, which has only resulted in this:
How many times are they having to close the gate for capacity issues?
Nope, they have taken a lot of rooms out of service for "refurbishment" to prop that number up. DVC has been canabalizing Deluxe sales for years on top of the high prices disney charges for its resorts, on all levels.
