fb
Home WDW Tickets WDW Guide WDW News WDW Reviews WDW Articles



News

Disney Warns Investors Of Coronavirus Impacts On Financials

With the Disney parks closed, Cinemas closed, reduced sales of tv ads and more, Disney warns performance will be poor.


Disney Warns Investors Of Coronavirus Impacts On Financials

The Walt Disney company made a SEC filing today which warned investors about the troubled time ahead due to the Coronavirus pandemic.

"The impact of the novel coronavirus ("COVID-19") and measures to prevent its spread are affecting our businesses in a number of ways. We have closed our theme parks; suspended our cruises and theatrical shows; delayed theatrical distribution of films both domestically and internationally; and experienced supply chain disruption and ad sales impacts. In addition there has been a disruption in creation and availability of content we rely on for our various distribution paths, including most significantly the cancellation of certain sports events and the shutting down of production of most film and television content."

It appears they believe there will be some consumer behaviour changes after the pandemic which could impact earnings in the future.

"We expect the ultimate significance of the impact of these disruptions, including the extent of their adverse impact on our financial and operational results, will be dictated by the length of time that such disruptions continue which will, in turn, depend on the currently unknowable duration of the COVID-19 pandemic and the impact of governmental regulations that might be imposed in response to the pandemic. Our businesses could also be impacted should the disruptions from COVID-19 lead to changes in consumer behavior. The COVID-19 impact on the capital markets could impact our cost of borrowing. There are certain limitations on our ability to mitigate the adverse financial impact of these items, including the fixed costs of our theme park business. COVID-19 also makes it more challenging for management to estimate future performance of our businesses, particularly over the near to medium term."

Disney shares are trading at around $95, down from around $140 before the pandemic was declared.


Flights Cheap Orlando Flights Search >>

Tickets 2020/2021 Ticket Guide & Deals >>

Halloween Party Tickets 2020 >>

Join the Mickey From The UK email club & never miss any of our Disney content
Tick the box to confirm you want to opt into our emails
(Your email will never be shared, sold or spammed as outlined in our privacy policy. Only Disney goodness you'll receive.)

This article was posted on 19-Mar-2020
Please share this article using the buttons below.

            submit to reddit

Read Next  View More >
Villains After Hours To Return In 2020 How To Do Disney World Petition To Ditch Camera Boxes And Bring Back Photopass Photographers Last Chance For Free Disney World Dining Offer What The UK Disney World Ultimate Tickets Include

Mickey From The UK
UK Disney World Community
Who Are We?

Flights Cheap Orlando Flights Search >>

tickets 2020/2021 Ticket Guide & Deals >>

Halloween Party Tickets 2020 >>


Facebook Facebook Twitter Instagram

Recent News
  • Universal Studios Orlando To Officially Reopen June 5th
  • Universal Studios Orlando Plans To Reopen June 1st
  • Disney Cancels Stays And Removes Park Hours Through June 13
  • Disney Adds Disclaimer Stating Not Responsible For You Catching COVID-19
  • Face Mask Requirement And Temperature Checks Coming To Disney Springs

  • Product Reviews  View More >
  • Donald Duck 85th Limited Edition Plush Review
  • Disney Traditions Jim Shore Mickey The True Original
  • Disney Traditions Jim Shore Mickey Takes The Lead
  • Looking Back Over The Mickey Memories Collection
  • Swarovski Mickey Mouse Celebration

  • Disney World Reviews  View More >
  • Mama Melrose Ristorante Italiano Hollywood Studios Review
  • TUI Review
  • Boathouse At Disney Springs Review
  • Garden Grill Breakfast And Lunch Review
  • Ohana Review

  • Q&A  View More >
    Have a question? Ask us here!

    Popular Questions
  • Can I Upgrade My Free Quick Service...?
  • How do we get to the Super Target s...?
  • Can I Buy A Disney World Annual Pas...?
  • What forms of ID are accepted?
  • What Happens When My Disney World P...?


  • MickeyFromThe.UK is an unofficial Walt Disney World fan and information site.
    MickeyFromThe.UK is an online British guide to visiting the Walt Disney World Resort in Orlando, Florida.
    © MickeyFromThe.UK . All Rights Reserved. Content cannot be reproduced without permission.

    About    Contact Us    Advertising/Reviews/Sponsorships    Report Error    Terms    Disclaimers    Privacy    RSS Feeds