Hurricane Irma Lost Disney $100million In Business
Disney today released their quarterly results. Parks and resorts revenue was $4.67B (up 6%), and operating income was $746M (up 7%). What's interesting on the earnings call is they described the impact of Hurricane Irma. We were there when Irma hit and shared our experience. The park was closed for 2 days, as well as many of their cruise line itineraries getting changed.
Disney said that the hurricane cost $100milliion in business, and reduced their year over-year growth by 3%.
Hurricane's are expensive.
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