Reported 2 days ago
Disney CFO Hugh Johnston expressed comfort with ongoing price hikes at theme parks but cautioned about potential challenges from Universal's upcoming Epic Universe, which may negatively impact sales. Johnston highlighted a strategic focus on premium pricing while maintaining value options, noting positive consumer trends despite previous profit drops. The company anticipates a rebound in operating income and significant growth opportunities in its cruise sector, emphasizing the importance of delivering value to consumers amid rising competition.
Source: YAHOO