Great News: Disney's Theme Parks Are Profitable Again
Walt Disney (NYSE: DIS) as a company and as a stock was hit hard at the pandemic onset. Most of its businesses rely on bringing thousands of people together in person -- an awful situation to be in with a deadly virus in circulation. Particularly hard-hit were its theme parks that had to shut their doors entirely to guests. Some parks closed for several months, others longer.
The advent of several effective vaccines against COVID-19 and general administration of over 7 billion doses of such worldwide has allowed governments to ease restrictions, and all of Disney's theme parks were reopened. When Disney reported fiscal fourth-quarter earnings results after the market closed on Wednesday, it revealed that Q4 was the first time since the pandemic onset where all its parks were open for the entire quarter.
Image source: Getty Images.
Source Fool.com
