Walt Disney Warns Theme Park Revenue to Fall, Profit Slips Amid Economic Worries ...Middle East

Times of San Diego - News
Walt Disney Warns Theme Park Revenue to Fall, Profit Slips Amid Economic Worries
Photo courtesy Walt Disney Co. Walt Disney Co. predicted a ‘moderation in demand’ at its theme park business in coming quarters, overshadowing the success of the animated Pixar film “Inside Out 2” and the company’s television business. The company’s stock was down 1.1% Wednesday as Disney warned operating income at the parks would be down ‘mid single-digits’ in the fiscal fourth quarter. “We expect to see a flattish revenue number in Q4 coming out of the parks,” Chief Financial Officer Hugh Johnston told investors, adding, “It’s really just a few quarters. I don’t think I would refer to it as protracted.” Analysts said weakness at Disney’s parks, coming a time when consumer spen

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