“We’re going to open up far below that just to have our training wheels on with processes and procedures,” Chapek told analysts in his first investor call since being named Disney CEO. “We’re going to approach that very very slowly.”
“While Disney has the advantaged assets to win in this new world, we fear that the uncertainty of the present situation creates significant and unrivaled earnings risk for the foreseeable future,” wrote analyst Michael Nathanson. Theme park attendance typically lags a recovery, as well, notes Nathanson, as families who’ve booked vacations ahead of a recession tend not to cancel. He also noted that the hits will be around for quarters to come, since Disney typically uses heavy ticket discounting and promotions to win guests back.
NJdoc I hate Disneyland!
Time to lose Disney!
Disney World/Land was cool but y I care if a multi billion dollar company lose a little money!
Sold out in minutes.
It’s a good thing then that DisneyParks charges people such an outrageous amount to visit - they should be just fine during this crisis.
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