Today we got to hear a number of updates from Disney’s CEO, Bob Chapek, and Disney’s Chief Financial Officer, Christine McCarthy during the Company’s Quarterly Earnings call.
Magic Kingdom
We got updates about park attendance and spending, theme park revenues, Disney+, and much more. We also got some comments from Disney’s CFO about potential things under consideration for cutting costs in the company.
During the earnings call, one person asked a question about inflation. Specifically they wanted to know what Disney is thinking when it comes to inflation and how to mitigate its potential impact on the company.
McCarthy, Disney’s CFO, responded to the question. She shared that many companies are facing this concern now. She shared that Disney is considering a few different ways when it comes to mitigating inflation, particularly in the parks.
Disney’s Animal Kingdom
McCarthy shared that she has been talking to the senior team in the parks about some options and noted that there are “lots of things that are worth talking about.” McCarthy said, “you know we can adjust suppliers. We can substitute products. We can cut portion size, which is probably good for some people’s waistlines.” (*record scratch* Yes, you read that correctly. Well, that was quite the comment to make).
McCarthy also noted, “We can look at pricing where necessary. But we aren’t going to go just straight across and increase prices. We’re really going to try to get the algorithm to right to cut where we can and not necessarily do things the same way.”
Satu’li Canteen Bowl
According to McCarthy, the team is really attempting to think about ways to mitigate the challenges posed by inflation.
Of course, these are just items under consideration at the moment. We’ll be sure to keep an eye out for more news and we’ll let you know what we find.
Click here to see more about what was shared during the earnings call.
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