The Walt Disney Company reported their earnings today for the first quarter (Q1) of 2015 which ended on December 27, 2014. According to Bob Iger, The Walt Disney Company experienced “yet another incredibly strong quarter.” Igor went on to comment, “Disney’s results once again reflect the strength of our brands and high quality content and demonstrate that our proven franchise strategy creates long-term value across all of our businesses.” Net income for the house of mouse was $2.18 billion!
The Parks and Resorts segment (which includes Disney Cruise Line) saw revenue increase for the quarter 9% to $3.9 billion with income up 20% to $805 million. The income growth was primary driven by domestic operations. Higher income domestically was due to higher volumes and guest spending on higher average ticket prices and increased merchandise, food and beverage spending.
Increased volume at Disney Cruise Line was a result of higher cruise ship passenger days which took a hit in Q1-2014 with the Disney Magic offline for her re-imagination dry dock.
For more information and an overall report click over to the Q1-2015 Earnings Report.