Disney Could Be Firing on all Cylinders by the end of 2022
The Walt Disney Company (NYSE: DIS) reported fourth-quarter fiscal 2021 results on Nov. 10. The announcement highlighted a company that is regaining momentum after pandemic-caused disruptions with more room to go. One of the questions that investors had during pandemic shutdowns of several of its businesses was how consumers would respond once they reopened.
One theory was laid to rest in 2021. It was thought that when these businesses reopened, there would be a quick snap-back as consumers unleashed pent-up demand after being stuck at home. Instead, what's becoming more likely is a steady recovery, more like a dimmer light switch being turned up gradually. Indeed, several comments from Disney management indicate that the business will not be at full strength until at least the end of fiscal 2022.
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Source Fool.com
