Today, Disney held its Q4 Earnings Call, providing all kinds of updates about the company’s financial status, Disney+ subscriptions, and more.
Mickey Ice Cream Sandwich
During the call, we also got to hear a bit more about how things are going in the Disney parks and where things may be headed in the future. In particular, we got a bit of insight on some measures Disney is considering when it comes to cutting costs.
During the earnings call, one individual asked about inflation and how Disney is thinking about potentially mitigating that. In response, Christine McCarthy, Senior Executive Vice President and Chief Financial Officer of The Walt Disney Company, noted that that’s on the mind of all companies right now.
She noted that they’ve already experienced the impacts in some parts of their business and are considering various ways in which it could be mitigated when it comes to the parks.
Animal Kingdom
Specifically, McCarthy noted that she had been speaking with the parks senior team about what can be done, and she said 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. 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.”
McCarthy said they’re trying to really use their heads to come up with a way to mitigate the challenges they’re facing.
Spaceship Earth
Based on McCarthy’s quote, it seems some methods that could be considered include shifting the products used when it comes to the parks, changing their suppliers, looking at the pricing of certain items, and even potentially altering food portion sizes. Of course, at the moment these appear to only be things under consideration or that are potentially “worth talking about” when it comes to cutting costs. But, there has been no official word as to what steps may ultimately be taken.
We have seen price increases when it comes to food in Disney World. We’ve also seen ticket price and parking price increases in Disneyland.
The Mickey waffles are always a hit!
We’ll be on the lookout for more updates and we’ll let you know what we find.
Click here to see more about the earnings call.
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The post Disney Considering Reducing Food Portion Size to Cut Costs first appeared on the disney food blog.