Disney earnings call: Parks ‘firing on all cylinders,’ mum on ‘Reedy Creek’ | Florida Dispensaries

Disney earnings call: Parks ‘firing on all cylinders,’ mum on ‘Reedy Creek’

Disney World and Disneyland got a shoutout from the company’s chief Wednesday as the parks, experiences, and products division generated $6.7 billion in second-quarter revenue despite the theme parks still limiting attendance.

“Our domestic parks were a standout. They continue to fire on all cylinders,” The Walt Disney Co. CEO Bob Chapek said; guests are spending 40% more compared to the same quarter in 2019.

The company’s leaders discussed everything from the parks’ attendance to how Disney deals with inflation and more during Wednesday’s earnings call.

Two words not mentioned during the hourlong earnings call: Reedy Creek.

Analysts did not ask any questions about Reedy Creek and what would happen next after the Florida Legislature voted to eliminate Disney World’s special government district by June 2023. Chapek did not bring up the issue on his own and did not discuss the latest political backlash Disney has faced from Republicans.

Deutsche Bank analysts wrote last month they did not believe the situation is likely to hurt Disney financially.

Coming out of the pandemic, Disney World and Disneyland still require visitors to make advance reservations to go to the parks. Disney leaders elaborated more Wednesday.

“We’re choosing to limit attendance using our reservation

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