Disney Is Flexing Its Pricing Power
Walt Disney (NYSE: DIS) is bouncing back from the devastating effects the COVID-19 pandemic had on its business. The House of Mouse had to shut its doors to theme parks, hotels, and resorts, delay releasing movies to the big screen, and stop cruise ship sailings.
The combination caused revenue and profits to crater in 2020. Thankfully, economies are reopening worldwide, and folks are proving eager to return to life outdoors. Disney is flexing its pricing power on its products and services with all the pent-up demand ready to be released.
Image source: Getty Images.
Source Fool.com
