Disney Crushed Earnings, but Is the Magic Gone?
Who knew Moana's line "no one knows, how far it goes" would prove painfully prophetic as to the extent of Disney's (NYSE: DIS) price hikes?
For the quarter ended Jan. 1, 2022, which for Disney is Q1 fiscal year 2022 (FY22), per-capita spending at Disney's domestic parks was up more than 40% compared to Q1 FY19. Park attendees may be grumbling about prices, but shareholders of this blue-chip stock certainly don't mind.
Disney's stock price rose as much as 7% on Thursday thanks to better-than-expected park performance and 11.8 million new Disney+ subscribers, compared to 7 million expected.
Source Fool.com
