​Disney CFO Admits Lower-Income Consumers Are “Stressed & Shaving Time Off At Parks”  – Tyler Durden

Disney CFO Admits Lower-Income Consumers Are “Stressed & Shaving Time Off At Parks”  Shares of Walt Disney Co. are lower in premarket trading following mixed third-quarter results on Wednesday. Disney’s streaming and movie businesses reported their first-ever profitability—one quarter ahead of schedule. However, a worsening consumer downturn has pressured the entertainment giant’s park attendance numbers and per-visitor spending.  Goldman’s Michael Ng provided clients this AM with a breakdown of third-quarter earnings, highlighting streaming and movie businesses kicking into high gear but sliding park demand and “moderation of consumer demand” should weigh on experiences in the coming quarters.  DIS F3Q24 EPS of $1.39 beat GS/consensus (Visible Alpha) of…  — Continue at ZeroHedge News : Read More