Walt Disney Co shares are trading lower after the company shared plans to double its capital expenditures at its Disney Parks, Experiences and Products ("DPEP") segment to $60 billion over the next decade.
Portfolio Pulse from Benzinga Newsdesk
Walt Disney Co has announced plans to double its capital expenditures at its Disney Parks, Experiences and Products (DPEP) segment to $60 billion over the next decade. This has led to a decrease in the company's share price.
September 19, 2023 | 2:24 pm
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Disney's announcement of increased capital expenditures at DPEP to $60 billion over the next decade has led to a decrease in its share price.
The announcement of increased capital expenditures indicates that Disney is planning significant investments in its DPEP segment. This could potentially lead to higher future revenues, but in the short term, it implies increased costs and potentially lower profits, which is likely the reason for the decrease in the share price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100