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Stock impact report

Disney supercharged its parks. The booming division still has room to run [MSNBC.com]

Walt Disney Company (The) (DIS) 
Last walt disney company (the) earnings: 2/4 04:05 pm Check Earnings Report
Company Research Source: MSNBC.com
In this articlePeople walk in front of Cinderella's Castle at the Magic Kingdom Park at Walt Disney World in Orlando, Florida, May 31, 2024.Gary Hershorn | Corbis News | Getty ImagesAll is well in the Magic Kingdom — and all of Disney's other theme parks, too.The company's experiences division, which includes its parks, cruise ships, hotels and consumer products, posted record revenue for thefiscal first quarterGrowth in this segment has supercharged in the wake of the Covid pandemic. It often accounts for the lion's share of the company's profits. Company executives expect those good times to continue, forecasting high-single-digit growth in operating income for the segment for fiscal 2026."When you look at the footprint of the business today, it's never been more broad or more diverse," Bob Iger, CEO of Disney, said during Monday's earnings call. "And the projects that we have underway are going to make it even more so."The strong parks performance comes against the backdrop of a CE Show less Read more
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