Disney Park Prices Skyrocket, New Attractions Promise More Value
Portfolio Pulse from Anusuya Lahiri
Walt Disney Co (NYSE:DIS) announced new projects for its parks and cruises, but rising costs are making it difficult for families to afford visits. Despite a 3% revenue increase from U.S. parks, domestic attendance fell short of expectations. Disney plans a $60 billion investment in parks and cruises over the next decade.
August 16, 2024 | 1:05 pm
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Walt Disney Co (NYSE:DIS) announced new projects for its parks and cruises, but rising costs are making it difficult for families to afford visits. Despite a 3% revenue increase from U.S. parks, domestic attendance fell short of expectations. Disney plans a $60 billion investment in parks and cruises over the next decade.
The announcement of new projects and a significant investment plan is positive news, but rising costs and lower-than-expected domestic attendance could offset these gains in the short term. The stock is trading lower premarket, reflecting investor concerns.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100