Where Will Disney Be in 1 Year?
No one was surprised to see Disney's (NYSE: DIS) revenue take a plunge in the fiscal 2020 third quarter. Details of its theme park closures and openings have been very public, as is the fact that the parks segment has historically been one of the biggest revenue drivers for the company.
Long-term, Disney is well-positioned with its other revenue streams picking up part of the slack, and parks are finally beginning to reopen. The big question is how fast operations can return to normal. Since the company has provided a window into what's happening inside, let's see if we can envision where Disney will be in a year from now.
Disney's global theme parks and other experiences -- resorts, cruise lines, and more -- completely closed their doors for a significant portion of the company's fiscal third quarter, which ended June 27. That segment took in 85% less revenue than it did in the prior-year period, although it did better than other theme park operators due to staggered openings of its international properties. While the parks are still way below full capacity, the company gave a hopeful update that the segment as a whole is making a "positive net contribution," meaning it's making more money than it's currently spending.
Source Fool.com
