Are You Keeping Up? These Are All the Important Things Investors Should Know About Disney Stock Right Now
Have you been paying attention to what's going on at Walt Disney (NYSE: DIS) these days? Since it's been changing at a rapid pace worthy of one of the company's adventure flicks, it might be challenging to stay on top of all the developments and put them into perspective. Here's a list of what you need to know and how to make sense of its effects on Disney stock.
The short story on the parks, experiences, and products segment, which includes Disney's 12 global theme parks, cruises, resorts, other experiences, and products, is that it's doing great. It's like the linchpin of Disney's flywheel platform, stabilizing the business even as some of its other businesses fly off the rails.
Its closures early in the pandemic were a severe dent in the overall business, but save for that freak time, this segment has been a reliable sales and profits machine. Now it's back to its regularly scheduled growth, with a 13% sales increase in fiscal 2023's third quarter (ended July 1) and an 11% increase in operating income.
Source Fool.com
