Disney Reports Better-Than-Expected Results

The Walt Disney Company issued its second quarter report on Tuesday and results were better than projected.  Many expected the parks and resorts division to suffer due to the sluggish economy and high gas prices. Instead revenue increased 11% over the same period last year and profit was up 33%.

Other highlights of Disney's presentation include:

  • Increased guest spending at Walt Disney World
  • Increased attendance at Walt Disney World 
  • Increased Disney Vacation Club revenue
  • For the second half of the fiscal year, bookings are currently ahead of the same period last year.
Additional Resources:  Disney Corporate, Hollywood Reporter, MarketWatch.com