Why Disney Looks Unstoppable Over the Next Decade
Walt Disney's (NYSE: DIS) stock price is up 44% over the last year but down 3% year to date. While the parks, experiences, and products segment finally returned to a profit last quarter, traffic is still down from pre-pandemic levels, which is weighing on Disney's financial performance. Through the first nine months of fiscal 2021, revenue from the parks segment was down 22% year over year, while the operating loss of $169 million marked a major reversal from a year-ago profit of $1.4 billion.
The company clearly has a ways to go to fully recover, but investors should be buying Disney stock hand over fist right now. Here's why.
Image source: Walt Disney.
Source Fool.com
