![]() "We continue to believe that Disney has stronger long-term growth prospects than most investors expect. In each of those instances, shares went up by a third within six months, he wrote. Disney stock reached that level during the 1987 stock-market crash, the 1990-91 recession and the 2001-02 recession. Mitchelson also commented that Disney shares are at a low price-to-earnings ratio of 15. A Disney Gift Card that has not been used for any purchase can be returned for the full amount in the original form of payment, providing the original sales receipt is presented. He said in a recent note that Disney might have been able to take advantage of price increases due to recent strong attendance, though he acknowledged that the current economic downturn might not be the best time to test such a step. "We believe that Disney's parks and resorts segment is one of the most exposed business segments in the company to the impact of a potential recession," he wrote.ĭoug Mitchelson of Deutsche Bank Securities was more optimistic in his assessment. In a note, he wrote that similar drops in consumer confidence in 1990-02 resulted in attendance drops of 10.8% and 4%, respectively.Ĭreutz forecast that Disney park sales and operating profits would be down 2.7% and 10%, respectively, as the company tries to cope with a 3.3% drop in attendance. ![]() recently said that big drops in consumer confidence often take their toll on Disney's parks. 11, 2001, terror attacks but has since recovered.Īnalyst Doug Creutz of Cowen & Co. In depth view into Walt Disney Cost of Goods Sold (Annual) including historical data from 1972, charts and stats. ![]() That facility took a hit in sales after the Sept. Sluggish economic conditions often have a detrimental effect on revenue at Disney's theme parks, particularly its Walt Disney World in Florida. ![]()
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