Disney’s Parks Struggle, Exposing a New Trouble Spot

Category: Business

Disney's theme parks are facing challenges due to reduced consumer spending amid high inflation, leading to weaker-than-expected financial results. Revenue increased by 2% to $8.4 billion, but operating profit declined by 3% to $2.2 billion. The company is managing costs aggressively as demand softens, which could affect future quarters. Theme parks have become crucial for Disney's financial health, contributing significantly to operating profit and funding expansions in streaming and cruise lines.

Keywords: Disney, theme parks, consumer demand

Source: The New York Times

Update At: 8/7/2024

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