Wed 8th April Magic Kingdom closure (Updated: phase 3 as of 12pm)

wannab@dis

Well-Known Member
I said that profits are down, not nonexistent.
The statement "profits are down" is lacking. It needs a time period for comparison. Profits are down versus last week, last month, last quarter, last year, 5 years ago? Which is it?

I would hazzard a guess that profits are up as compared to last week and last month. Not sure about last quarter, but probably down from last year. I think it would also be interesting to see how profits for this quarter compare to 2002.
 

SirGoofy

Member
The statement "profits are down" is lacking. It needs a time period for comparison. Profits are down versus last week, last month, last quarter, last year, 5 years ago? Which is it?

I would hazzard a guess that profits are up as compared to last week and last month. Not sure about last quarter, but probably down from last year. I think it would also be interesting to see how profits for this quarter compare to 2002.

What I was told was down a significant amount from a regular Easter/Spring Break season.:shrug:
 

wannab@dis

Well-Known Member
What I was told was down a significant amount from a regular Easter/Spring Break season.:shrug:
I would think they would be down. "Significant" is very subjective and as I'm sure you're aware, their primary goal right now is to beat expectations. Doing so will do wonders for their bottom line; hence the reason for the current incentives to visit.
 

SirGoofy

Member
I would think they would be down. "Significant" is very subjective and as I'm sure you're aware, their primary goal right now is to beat expectations. Doing so will do wonders for their bottom line; hence the reason for the current incentives to visit.

I realize. But there are people on the boards running around like there is no recession and everything is just a-okay in the world of the Mouse. But yes, it's good that they are making anything to begin with.
 

techiegsy

Member
I have been sitting in the background of this thread for a little while now, so I feel It's time to rear my ugly head (I haven't been here that long aswell)... and say calm down!

We all know that we have different views and different opinions and heck, we most proberly like different music (how many people here adore Rachmaninovs Second?), TV, etcetera. But we all share our interest in Walt Disney World and it's workings, and as we know some of you have worked there, but please stop arguing. You all, in my opinion, have very valid points and I feel that it is a combination of these points that need to be taken into account.

Magic Kingdom is proberly crowded because of the combination of the great offers on and the easter breaks, but that point is already established. But there may be several factors combined that make the parks reach a phase 4 and have low wait times (respectively). Disney could possibly have lowered it's limits, possibly due to a new regulation in Florida? but also the efficiency of the ride systems and the wait times posted may have gone up, causing another fall in wait times. Also It's spring break, kids go to disney for an experience, sure they like rides, but they have no structure, causing them to mill around in shops and spend long times deciding where to go next or taking pictures. But also, how many kids want to wait? maybe they avoid the rides with long posted wait times and find something else and come back when there's less of a wait. So surely this all adds up to a Phase four with low wait times, I'm pretty sure it's complex and not limited to a few factors alone.

But congratulations on creating a deeply interesting thread, the likes of which is hard to find, and all the off topic stuff makes it all the better.

and back into my hole I go... :lookaroun
 

tomm4004

New Member
For anyone who cares, my brother and is family are having an awesome time so far. Saving lots of money by being bumped to concierge. Last night had shrimp and noodles and I think turkey sautee (?). And desserts and tons for breakfast.

Were first in line for Pixie Hollow followed by throngs. Were able to ride teacups (twice), see Belle's Story Time, get picture with Mickey, see castle show and ride JC, Aladdin, and Treehouse with minimal lines. But said it got extremely busy late morning. I think this is over two days (Thursday and today). Spent tons of time at the Poly pool. Took monorail to EPCOT - sat up front and my 3 1/2 yo niece got a certificate I guess. Did stuff at WS this afternoon. Niece fell asleep in stroller. Gong to beach to watch fireworks tonight. Beautiful weather.

So I'm glad the crowds don't seem to be slowing them down. But then again, they're taking it easy, getting to MK at 7am, and not trying to do too much, although they've done everything it seems that my niece wanted. Apparently she remembers things from our trip last May.
 

yankspy

Well-Known Member
I realize. But there are people on the boards running around like there is no recession and everything is just a-okay in the world of the Mouse. But yes, it's good that they are making anything to begin with.
Okay I'll throw my one cent in. (Gotta make cutbacks with the economy and all). It seems to me after all of these threads that there are certain things that most of us can agree with.
1. There is a recession. How bad, well it seems like everyone has a different valid opinion on that so who really knows. I can't say that it is catastrophic yet because to me that is a very powerful word that is reserved for times when a majority of your population is going hungry.

2. Disney is busy right now. Whether it is record breaking or not I have no idea because again everyone seems to have a different take on that as well.

3. Disney's profits may be down but they still may even manage to squeak out a small profit this year. To me, it seems that any company that can turn even a small profit during a downturn, recession, depression, etc. is lucky.

Does that sound about right? I am simply trying to get a consensus.
 

jakeman

Well-Known Member
OK. That's sure true. ... But I know nothing of his background, experience, perspective etc ... beyond what he posts here.

I treat all info on the web with skepticism unless I know the people posting it personally, have a track record to rely on (and as someone who has been a semi-regular here for maybe eight months, I don't) or simply know the information to be factual.
Interesting that you bristle when the same criteria is applied to you.
 

tomm4004

New Member
3. Disney's profits may be down but they still may even manage to squeak out a small profit this year....

First Q profit: $848 million or 41 cents per share.
Second Q analyst estimate: 42 cents per share (range 30-56)
Year estimate: $1.71 per share.

That would be well over $3 billion in gross profit.

That's a big squeak.
 

yankspy

Well-Known Member
First Q profit: $848 million or 41 cents per share.
Second Q analyst estimate: 42 cents per share (range 30-56)
Year estimate: $1.71 per share.

That would be well over $3 billion in gross profit.

That's a big squeak.
If those numbers come true then yes, that's not bad. I'd love to see the balance sheet in its entirety so I could see what they net from that. How do these numbers compare to last year?
 

tomm4004

New Member
If those numbers come true then yes, that's not bad. I'd love to see the balance sheet in its entirety so I could see what they net from that. How do these numbers compare to last year?

Just examining the theme park division, operating income for Q1-2009 was $382 million, down from $505 million a year earlier. That's a 32 per cent drop. But, it's close to 2005's $375 million and more than 2004's $258 million. So I'd say they're doing extremely well considering the economic climate.
 

unkadug

Follower of "Saget"The Cult
Interesting that you bristle when the same criteria is applied to you.
fencing.gif

Steve isn't the only one that feels that way. I for one find your views to be pretty distorted.
Ditto
I'm not picking sides but I do find that a little harsh.

How is agreeing with someone - harsh ?
 

techiegsy

Member
Everyone is entitled to his/her opinion.

And I entirely agree. And I love the freedom people are allowed on this forum (Thanks Steve!) but sometimes it can get a bit to harsh... Just my opinion and I am in no way trying to make enemies, so sorry if it seems that way.
 

Himorogi

New Member
Are you guys all stock holders or something? (if so, I feel for ya :cry:)

There seems to be a big obsession with "beating expectations" and "bottom line" chatter for a Disney fanboard. :confused:

Who cares?

As for the crowds, you guys should come visit Tokyo Disneyland sometime. You ain't seen nothin. :lol:
 

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