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Disney parks to grow volume 2-3 pct, cutting capex - Reuters 3/29/06

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  • Disney parks to grow volume 2-3 pct, cutting capex - Reuters 3/29/06

    Disney parks to grow volume 2-3 pct, cutting capex
    Reuters - 3/29/06

    Disney parks to grow volume 2-3 pct, cutting capex

    LOS ANGELES, March 29 (Reuters) - The Walt Disney Co. expects its U.S. theme park volume to rise 2 percent to 3 percent annually even after the end of its 50th anniversary promotion, parks division Chief Financial Officer Jim Hunt told an investor conference on Wednesday.

    Disney's theme park arm, which accounts for about a quarter of its operating income, expects to realize savings from using more part-time employees and from standardizing benefits across its 11 parks, Hunt said.

    Disney's parks and resorts profit rose 51 percent to $375 million in the first quarter of fiscal 2006 as Hong Kong Disneyland posted its first full quarter of operations and the Disneyland 50th anniversary promotion spurred business at U.S. parks.
    Full Story - Disney parks to grow volume 2-3 pct, cutting capex
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  • #2
    Re: Disney parks to grow volume 2-3 pct, cutting capex - Reuters 3/29/06

    Disney's parks and resorts profit rose 51 percent to $375 million in the first quarter of fiscal 2006
    That is an amazing increase. 51% increase in Q1. They sure as heck need to pass some of that increase into new rides, shows, and other attractions if they want to see this continue.
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    • #3
      Re: Disney parks to grow volume 2-3 pct, cutting capex - Reuters 3/29/06

      Or, more marketing, since that's what seems to have caused the increase.

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      • #4
        Re: Disney parks to grow volume 2-3 pct, cutting capex - Reuters 3/29/06

        the hong kong park is taking off faster than they expected. and the 50th is still bringing them in at DL. remember that 2006 fiscal year began october 1, so the first quarter ended dec 31.

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        • #5
          Re: Disney parks to grow volume 2-3 pct, cutting capex - Reuters 3/29/06

          Originally posted by Cmash95
          the hong kong park is taking off faster than they expected. and the 50th is still bringing them in at DL. remember that 2006 fiscal year began october 1, so the first quarter ended dec 31.
          Well, over a billion people still have to be fooled once. And if everyone could stop coming during one three-week stretch of "new years," maybe there won't be any flying children, except on Dumbo.

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