The Walt Disney Company reported their earnings today for the first quarter (Q1) of 2014 which ended on December 28, 2013. According to Bob Iger, The Walt Disney Company “had an incredibly strong first quarter, delivering a 32% increase in adjusted earnings per share and double-digit increases in operating income in all business segments.” Iger attributed these impressive results to the strength of Disney’s “unprecedented portfolio of brands, a constant focus on creativity and innovation, and the continued success of our long-term strategy.”
The Parks and Resorts segment (which includes Disney Cruise Line) saw revenue increase for the quarter 6% to $3.6 billion with income up 16% to $671 million. Guest spending on tickets, merchandise as well as food & beverage at the domestic parks and resorts drove the quarterly growth. The continued roll out of MyMagic+, labor along with other cost inflations partially impacted the quarterly earnings.
Disney Cruise Line was not referenced in either the press release nor the conference call.
For more information and an overall report click over to the Q1-2014 Earnings Report.