According to the Orlando Sentinel this evening
, Disney made $1.3 billion
in the last quarter ending Jan 1, up from $844 million a year earlier. Revenue rose to $10.7 billion, up 10 percent.
Specifically, the theme parks saw a 25 percent increase in operating profit
to $468 million, and sales of $2.9 billion, up 8 percent
. These are the strongest theme park division figures in 3 years for Disney.
Much of the increase has been attributed to improved guest spending and a reduction in discounts that had been used during the recession. Attendance at Disney World was also up by more than 2 percent
, whereas attendance at Disneyland Resort was slightly down.
Occupancy in the Disney resorts rose 4 percent
during the quarter to 85 percent.
Discuss this story with other fans on our forums at http://forums.wdwmagic.com/showthread.php?t=696416
For the full story across the entire Disney company, go to http://www.orlandosentinel.com/the-daily-disney/os-disney-earnings-20110208,0,7426349.story
Feb 08, 2011 / 9:02pm EST