Disney Report Second Quarter Earnings
Today, Disney announced it’s earnings for the second quarter with the picture looking very rosy. Attendance at mother parks has increased and this has meant higher hotel occupancy on both coasts.
The company has posted a $1.9 billion for the three month period ending March 29th, an increase of 27% from the same time a year ago. Company wide sales have now risen to $11.6 billion.
Disney Parks and Resorts posted a profit on $457 million up 19% from $383 million this time last year. Sales were up 8% to $3.6 billion. Disney have cited increased ticket prices and increased food and beverage sales as the main reason. The company did state that the recently unveiled My Magic + has had an impact and suppressed profit margins.