Disney had their fourth quarter (and therefore entire year) earnings call yesterday. As always, a lot of what is talked about there is dense and numbers heavy, so I don't want to go into too much detail as it relates to the company as a whole. This blog is focused on Walt Disney World, so I wanted to talk about a couple of things that came up related to the parks, as well as Disney reiterating yet again their plan to "turbocharge" investments into the parks.
In the "Experiences" segment (which is really Parks, Resorts and Experiences - I think the name keeps changing but it means large the same thing), operating income was up year over year. This is good news! The parks continue to be Disney's most successful sector, and Bob Iger once again commented on CNBC that the parks are "a great place to place our bets."