$DIS Fiscal Q2 Reaction: Disney Theme Parks Are Riding High — for Now
From an objective standpoint, the fiscal Q2 results were strong across the board. Disney proved that its streaming business is still in a high-growth phase, and that its diversified revenue streams are propping up the company as the world begins to enter another phase of heightened uncertainty.
All of these factors will likely put immense margin pressure on Disney across its parks, affecting merchandise, food and beverages. According to the U.S. Labor Department’s monthlyreleased Wednesday morning, consumer prices rose 8.3% in April compared to last year. McCarthy mentioned that Disney is paying attention to inflation. As an example, she noted Disney’s fuel-hedging program used to reduce volatility in oil prices. However, even as McCarthy attempted to quell investor fears, the stock took a meaningful leg lower and pared all its after-hours gains during her comments on the earnings call.
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