Walt Disney Company Q3 Earnings Report

[rteetz]

Bob commented on APs saying they don't spend as much as a traveler.

 

[DonMa]

Consumer confidence is an economic term referring to the feelings of consumers related to the current and future economic conditions. It is Chapek saying that the economic picture needs to improve before the parks & resorts return to making the kind of money people have come to expect.

I kind of find Chapek’s statement here to be a bit of a nothing burger. I get that he’s comfortable saying he expects his brand to pull them through once things turn around. But it’s kind of like saying more people will go outside when it stops raining
For me the big question is what comes next to keep things moving in the right direction until it stops raining. And nobody knows how long this storm is going to last
There needs to be a strategy to compensate for future fall off at the parks. Which could happen once their traditional slower month of September hits. Also after any pent up demand fades
I did not really expect him to get into that today though. But would not be surprised to see park reductions in the near future. Past earnings calls were pretty light on operational updates, so anything they are planning will likely come later

 

[rteetz]

https://twitter.com/x/status/1290763229040463880

 

[rteetz]

https://twitter.com/x/status/1290763336477532161

 

[anthony2k7]

https://twitter.com/x/status/1290762825477042179

Hmmm I find that quite surprising... perhaps its all in the splash gift shop?

 

[dina444444]

Bob commented on APs saying they don't spend as much as a traveler.

That's not new news lol

 

[butterscotchcollins]

An admission that out-of-state/non-local AP guests are more valuable to Disney than local APs.

 

[dina444444]

I want to know what the terms are for the Mulan premiere access. 24 hours/48 hours/indefinite?

 

[rteetz]

That's not new news lol

No but it often does lead to arguments here.

 

[rteetz]

Thats it!

 

[anthony2k7]

Bob commented on APs saying they don't spend as much as a traveler.

Seems obvious.

 

[andyman8]

That's not new news lol

To some on this Board, it actually is. So many "why is it so hard for me to a get an AP reservation if Resort Guests can make one for any day?" questions.

 

[dina444444]

No but it often does lead to arguments here.

True, but there bread and butter is the out of town guest that comes for 5-7 days and doesn't have APs.

 

[anthony2k7]

True, but there bread and butter is the out of town guest that comes for 5-7 days and doesn't have APs.

Or the international traveller there for 14 to 21 days.

 

[dina444444]

I want to know what the terms are for the Mulan premiere access. 24 hours/48 hours/indefinite?

and my other question with this, is are they still going to do some North America theatre roll out? I was really looking forward to seeing this in an AMC Dolby auditorium like I do for all Disney films. I originally had tickets to go on opening day

 

[hertamaniac]

An admission that out-of-state/non-local AP guests are more valuable to Disney than local APs.

 

[anthony2k7]

So nothing about DL?

 

[rteetz]

So nothing about DL?

Disney released a statement that they are still waiting on guidance from CA officials.

 

[KBoopaloo]

I kind of find Chapek’s statement here to be a bit of a nothing burger. I get that he’s comfortable saying he expects his brand to pull them through once things turn around. But it’s kind of like saying more people will go outside when it stops raining
For me the big question is what comes next to keep things moving in the right direction until it stops raining. And nobody knows how long this storm is going to last
There needs to be a strategy to compensate for future fall off at the parks. Which could happen once their traditional slower month of September hits. Also after any pent up demand fades
I did not really expect him to get into that today though. But would not be surprised to see park reductions in the near future. Past earnings calls were pretty light on operational updates, so anything they are planning will likely come later

Yeah, same. Every business thinks they'll be in good shape when "consumer confidence returns" The question is how long will that take and how long can the company reasonably operate at its current levels? The issue is that no one knows how long it will take. You can see that clearly just by the scores of posters here with trips that have been rescheduled over and over and over again as they wait for things to get better (raises hand as I am thinking of moving my late Feb trip which was rescheduled from December out to May). Back in April, my job planned for three different potential dates for a return to regular business - an optimistic date, a likely date and a worst case date. The optimistic date has gone by, we are not returning on the likely date and we are now hoping for the "worst case" date but will now start planning for a new worst case date just in case. I would have laughed at you if you told me I would still be working from home in August when I packed up a notebook, a laptop and my planner and left my office in mid March.

 

[dina444444]

So nothing about DL?

I'm not expecting an opening before mid September at the earliest. Knotts has already extended their weekend food thing through the second weekend of September so they aren't expecting to be able to reopen the attractions till at least mid September.