In fiscal 2022 and 2023 combined, Disney's experiences unit, which houses the parks, generated 67.5% of the company's operating income.
That represents a significant deceleration in growth from its first and second quarters, when operating income rose 8% and 12%, respectively.
Nispel argued that negative sentiment around Disney's theme parks performance could be a reason to have less conviction on the stock in the near term.
The more excitement around its movies, the more interest in everything from theme parks to streaming services to branded merchandise.
Operating income, in particular, rose more than $350 million year over year to $254 million.
Persons:
that's, Disney, we're, Jim Cramer, Jeff Marks, amortization —, Brandon Nispel, Nispel, Bob Iger, Goldman Sachs, Goldman, Jim, Romulus, King, KeyBanc's Nispel, Jim Cramer's, Mickey Mouse, Minnie Mouse, Gary Hershorn
Organizations:
Disney, Magic, Club, Magic Kingdom, DIS, Comcast, CNBC, KeyBanc, Universal, Americas, —, Hulu, ESPN, Walt Disney World, Corbis, Getty
Locations:
California, Florida, Magic, Orlando , Florida, Orlando, Animal Kingdom