Disney parks' coronavirus shutdown may last through January [Yahoo! Finance News]
Walt Disney Company (The) (DIS)
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Source: Yahoo! Finance News
Trips to thehappiestWalt Disney World and othercoronavirus pandemicThe profitability of the Burbank, California-based company's parks division "will be impaired for a longer period of time, given the lingering effects of the outbreak," John Hodulik, managing director of investment research at UBS, said in a note to clients. He now projects the parks will reopen in January.The division accounted for about 35 percent of Disney's $20.9 billion in revenue in the quarterly earnings period through Dec. 28, the most recent for which it has filed financial statements."The economic recession plus the need for social distancing, new health precautions, the lack of travel and crowd aversion are likely to make this business less profitable until there is a widely available vaccine," Hodulik noted.Disney didn't immediately return a request for comment from FOX Business. The entertainment giant, which typically gets between 50,000 and 60,000 visitors at its parks per day, closed its U.S. resorts i
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DIS
Earnings
- 11/13/25 - Beat
DIS
Sec Filings
- 12/2/25 - Form 4
- 12/2/25 - Form 4
- 12/2/25 - Form 4
- DIS's page on the SEC website