food IS a theme park
Analysts are taking another look at the projected future of the Disney theme parks.
Magic Kingdom
The last year has had a lot of ups and downs for the Disney theme parks around the globe. The worldwide pandemic forced every single park to close and the road to a full reopening has been rocky at times. Some parks, Disneyland included, remain closed. Now, Wall Street analysts are forecasting an optimistic outlook for 2022.
It’s no surprise that the Disney company has had a hard year when it comes to the theme parks.
Magic Kingdom
Last month, we learned during the recent company earnings call that Disney had lost billions in revenue from the park closures earlier this year. Now, many of the parks are open again and Disney executives say that they are making a net positive contribution to the bottom line. But how long until Disney’s earnings are back where they used to be?
The unprecedented closure of Disney World has continued for more than two months now and we are missing the parks.
Magic Kingdom Has Had an Interesting 2020 So Far!
Disney has never had to contend with a global crisis such as this one. In the past, closures have been extremely limited and the largest singular change to daily operations came in the wake of the 9/11 attacks with added security measures. Now, we’re looking at a Disney World that could be VERY different when we return. So, when will Disney World be normal again?
If you’ve been following the Disney news recently, you may know that Disney stock prices have been on a bit of a rollercoaster ride.
Walt Disney World
In the past few weeks, Disney stock prices have been surpassed by Netflix only to quickly bounce back with the announcement of Disney+’s success. Now, they’re falling once again as Disney contends with the potentially lengthy projected closure of its theme parks.
So is Disney defunct? Hardly. You probably don’t need to worry about those prices, and we’ll tell ya why. Read on!
Disney World has been closed for over a month, and with one indefinite closure extension already, we’re starting to wonder when Disney World will open again.
Magic Kingdom Entrance
At times like these, we turn to the experts to hear what they have to say. We’ve heard predictions about the Disney parks from a bunch of assumedly smart Wall Street analysts. The problem? Their predictions all contradict one another!
Analysts are saying that Disney World could reopen soon, this fall, or even next year. So, WHICH IS IT, smart people?! Will we be back in the parks closer to June — or closer to January? Or later? Let’s break it down… .
Disney Chairman Bob Iger recently expressed his expectations for reopened Disney parks, spurring Wall Street to make their own predictions.
Disneyland Main Entrance
With the Disney parks currently closed, executives and analysts are looking to the potentially very different future of the parks. Even as Iger began to suggest measures that could be taken to make guests feel safe, Wells Fargo analysts are predicting that the Disney parks may not return to their pre-closure attendance levels for two years.
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