Disney Earnings Grew in the Third Quarter of 2023 Due to Company Restructuring
The Walt Disney Company (NYSE: DIS) today reported earnings for its third quarter and nine months ended July 1, 2023.
Steering through an era of profound transformation, The Walt Disney Company emerges with resounding success in the latest financial quarter, setting a remarkable precedent for the ongoing restructuring efforts.
Under the visionary leadership of Robert A. Iger, Chief Executive Officer, Disney’s proactive approach has yielded an array of accomplishments that propel the company toward a more efficient and creatively enriched future.
With an unwavering focus on restoring innovation to its core, Disney’s strategic revamp has not only surpassed expectations in achieving cost-effective operations but also heralded a significant surge in direct-to-consumer operating income. As the journey of transformation continues, Iger’s steadfast optimism and unwavering confidence in Disney’s enduring potential are a testament to the remarkable strides already taken and the boundless possibilities that lie ahead.
Revenues for the quarter and nine months grew 4% and 8%, respectively.
Diluted earnings per share (EPS) from continuing operations for the quarter was a loss of $0.25 compared to income of $0.77 in the prior-year quarter.
Excluding certain items(1), diluted EPS for the quarter was $1.03, down from $1.09 in the prior-year quarter.
EPS from continuing operations for the nine months ended July 1, 2023 decreased to $1.14 from $1.66 in the prior-year period.
Excluding certain items(1), diluted EPS for the nine months ended July 1, 2023 decreased to $2.94 from $3.22 in the prior-year period.
“Our results this quarter are reflective of what we’ve accomplished through the unprecedented transformation we’re undertaking at Disney to restructure the company, improve efficiencies, and restore creativity to the center of our business,” said Robert A. Iger, Chief Executive Officer, The Walt Disney Company.
“In the eight months since my return, these important changes are creating a more cost-effective, coordinated, and streamlined approach to our operations that has put us on track to exceed our initial goal of $5.5 billion in savings as well as improved our direct-to-consumer operating income by roughly $1 billion in just three quarters.
While there is still more to do, I’m incredibly confident in Disney’s long-term trajectory because of the work we’ve done, the team we now have in place, and because of Disney’s core foundation of creative excellence and popular brands and franchises.”
To read the full third-quarter earnings report for 2023 click here.
This Disney100 Special Moments Light Up Figure Is A Must Have In Your Home!
Add music and wonder to your home with this Disney100 Special Moments Light Up Figure! You can get yours online at shopDisney for $95 and make any room in your home extra enchanting.
This figure features band leader Mickey Mouse directing beloved Disney characters like Peter Pan, Elsa, Mirabel, Figment, Joe, Genie and Tinker Bell to create magical tunes. The base features a platinum finish with “100 Years of Music and Wonder” text at the bottom in purple, to make it even better, this figure also lights up! So it will not only add an enchanting touch to your room but make it even brighter and magical.
Charging all your magicbans at once is now possible with this magical charging tower! You have the option to get it with or without a USB hub and pick how many slots you need, 4 or 5.
The design is a special edition inspired in the Disney100 celebration happening now with platinum and purple colors, so cute! Definitely a must have in your home.
New Spellbinding Hocus Pocus BaubleBar Collection!
The new Hocus Pocus BaubleBar Collection will help you achieve a spellbinding style this spooky season! It features earrings, necklace, bracelet and ring to complete your look, a must have collection for sure, take a look:
Charmed with vintage allure, thisearrings set includes two fashion forward pairs with serious Salem 1693 vibes. The huggie earrings feature Sanderson Sisters medallions with embossed phases of the moon and the stud earrings are shaped like birds (or is that the Witch Mother?) with etched black eyes and starbursts. Whether you mix them or match them, they will work their magic with any look.
You’re invited to a meeting in the forest with the Sanderson sisters, courtesy of this wickedly stylish necklace. The vintage inspired pendant features Winifred, Sarah and Mary working their magic in fabulous style. Trimmed in clear stones, the pendant hangs from a goldtone link necklace, making it a truly spellbinding accessory.
Cast a spell of vintage style with this bewitching bracelet featuring three charms including one with the Sanderson Sisters, a book charm and a charm with iridescent phases of the moon and a cubic zirconia stone, this goldtone charm bracelet is powerfully stylish.
Always having the Sanderson Sisters at hand? That has a nice ring to it. This bewitching ring features the Sanderson Sisters and elegantly embossed phases of the moon. Winifred is holding a book and they’re all smiling with glee, so this very nice goldtone signet ring is sure to inspire some mischief.
The whole collection is perfect for a frightful style this Halloween season!
Work continues on transforming Splash Mountain into Tiana’s Bayou Adventure
Construction on Tiana’s Bayou Adventure seems to be continuing on full steam ahead. With the attraction slated to open in late 2024, Imagineers have been busy transforming the former Splash Mountain into the all-new Tiana’s Bayou Adventure.
Scaffolding is evident all around the exterior mountain piece of the ride, with the Tiana water tower (complete with Tiara) evident in the foreground. The mountain palate seems to have been subdued via the recent painting, and the top of the mountain (which was design to resemble a tree branch) has been removed.
The track area is drained and covered, with work continuing on this portion of the ride as well. Splash Mountain veterans will notice the missing ‘briar patch’ spikes on this aspect of the ride.
Work is likely also continuing on the interior portion of the ride with Disney filing for set installation permits last month
About Tianas Bayou Adventure
The enchantment of the bayou will illuminate with a celebration during Mardi Gras season hosted by Princess Tiana and Prince Naveen, with Mama Odie serving as the catalyst to that magic.
Set in 1927, after the events of “The Princess and the Frog,” Tiana’s Bayou Adventure revolves around Tiana’s establishment of Tiana’s Foods co-ops. These co-ops are located in a salt mine, where cultivators grow crops along the waters. During the adventure, Tiana and her friend, the lovable alligator Louis, embark on a journey into the bayou to find animal friends. Their ultimate goal is to prepare a spectacular Mardi Gras celebration for the people of New Orleans.
While the existing Splash Mountain track will remain, Tiana’s Bayou Adventure will receive new set dressing and audio-animatronics to bring the story to life. Multiple Tiana audio-animatronics will be featured, showcasing her in a new adventuring outfit. The attention to detail in the set design and animatronics will transport visitors into the heart of the bayou, immersing them in the captivating world of Tiana.
To enrich the overall experience, the queue and attraction music are being curated by award-winning artists PJ Morton and Terence Blanchard. The music will combine classic songs from the movie with New Orleans classics and original compositions, ensuring an authentic and vibrant soundtrack throughout the adventure. Furthermore, the enticing aroma of beignets will reportedly be wafted through the queue, immersing visitors in the sensory delights of Tiana’s Foods.
Ready to book your next magical vacation, but don’t know where to start? Want to enjoy a Walt Disney World vacation without the stress of planning, booking, and tracking trip changes and promotions? Contact me today! As an agent with Destinations To Travel who specializes in Disney destinations, I can help you stress less and enjoy your vacation more! The best part? My services are provided at NO ADDITIONAL COST when you book your Disney vacation package through me!
Display advertising Mickey’s Not So Scary Halloween Party have been installed at the Ticket and Transportation Center
Spooky Season is officially upon us, at least at Walt Disney World. Mickey’s Not So Scary Halloween Party signs have been installed at the Ticket and Transportation Center (TTC).
For those unfamiliar, when you arrive at Magic Kingdom and park in the parking lot, you need to take a boat or monorail across Bay Lake in order to actually reach the Magic Kingdom entrance. The area in which the monorail and boats launch, which also has ticket windows, is known as the Ticket and Transportation center.
As you enter the TTC from the parking lot, you are greeted by this large Mickey’s Not So Scary Halloween Party sign, advertising the party and indicating how to purchase tickets.
On the reverse side the sign is again displayed, along with this very nice array of Fall/Halloween decorations.
Mickey’s Not So Scary Halloween party runs on select dates from August 11 to November 1, 2023. Several nights have already sold out:
Event Date
Event Ticket for Ages 10 and Up (Excludes Tax)
Event Ticket for Ages 3-9 (Excludes Tax)
Friday, August 11, 2023
SOLD OUT
SOLD OUT
Tuesday, August 15, 2023
SOLD OUT
SOLD OUT
Friday, August 18, 2023
SOLD OUT
SOLD OUT
Tuesday, August 22, 2023
SOLD OUT
SOLD OUT
Friday, August 25, 2023
SOLD OUT
SOLD OUT
Tuesday, August 29, 2023
$109
$99
Friday, September 1, 2023
$119
$109
Monday, September 4, 2023
$119
$109
Friday, September 8, 2023
$119
$109
Sunday, September 10, 2023
$119
$109
Tuesday, September 12, 2023
$119
$109
Friday, September 15, 2023
SOLD OUT
SOLD OUT
Sunday, September 17, 2023
$119
$109
Tuesday, September 19, 2023
$149
$139
Friday, September 22, 2023
$149
$139
Sunday, September 24, 2023
$149
$139
Tuesday, September 26, 2023
$149
$139
Thursday, September 28, 2023
$149
$139
Friday, September 29, 2023
$149
$139
Sunday, October 1, 2023
$149
$139
Tuesday, October 3, 2023
$169
$159
Thursday, October 5, 2023
$169
$159
Friday, October 6, 2023
$189
$179
Monday, October 9, 2023
$169
$159
Tuesday, October 10, 2023
$169
$159
Thursday, October 12, 2023
$169
$159
Friday, October 13, 2023
$189
$179
Sunday, October 15, 2023
$169
$159
Tuesday, October 17, 2023
$169
$159
Thursday, October 19, 2023
$169
$159
Friday, October 20, 2023
$189
$179
Sunday, October 22, 2023
$169
$159
Tuesday, October 24, 2023
$169
$159
Thursday, October 26, 2023
$169
$159
Friday, October 27, 2023
$189
$179
Sunday, October 29, 2023
$199
$189
Tuesday, October 31, 2023
SOLD OUT
SOLD OUT
Wednesday, November 1, 2023
$199
$189
Will you be attending the Halloween Party this year? Have any specific aspect of the party (like the Boo To You Parade) that are your favorite parts of the party? Drop us a comment and let us know!
Ready to book your next magical vacation, but don’t know where to start? Want to enjoy a Walt Disney World vacation without the stress of planning, booking, and tracking trip changes and promotions? Contact me today! As an agent with Destinations To Travel who specializes in Disney destinations, I can help you stress less and enjoy your vacation more! The best part? My services are provided at NO ADDITIONAL COST when you book your Disney vacation package through me!
Adorable Minnie And Daisy Spirit Jersey Spotted At Magic Kingdom!
We spotted a super cute Minnie And Daisy Spirit Jersey at The Emporium in Magic Kingdom for $54.99! This one is marked as a youth spirit jersey but who knows, it might work for some adults too.
It features our favorite stylish Disney girls Minnie and Daisy making it a chic addition to your little one’s wardrobe! The bright red makes it great to add a pop of color to any outfit, it features Minnie Mouse blowing a kiss on the front and Daisy making a peace sign on the back plus a retro Disney World logo on the front and the full Walt Disney World logo across the back.
Little ones at home will definitely love to own this fun spirit jersey filled with magic and style!
Mickey Halloween Wreaths Arrive on Main Street in the Magic Kingdom
The Mickey Jack-o’-Lantern Wreaths have finally arrived in the Magic Kingdom in time for Fall and the first Mickey’s Not So Scary Halloween Party on Friday!
These fan-favorite fall decorations are usually the last bit of Halloween Decorations to arrive before the first party of the year.
New Mickey Mouse Jack-O-Lanterns At Walt Disney World!
With the first Mickey’s Not So Scary Halloween Party this Friday, there’s no surprise Magic Kingdom is all ready with fun merch as well to start getting into a spooky mode! These Mickey Mouse Jack-O-Lanterns immediately caught our eye when we got into the store, we are definitely taking them home.
This adorable Mickey Mouse pumpkin that also lights up is a must have to decorate your home this season! There are two versions available, this one is the smaller pumpkin but there is also a bigger one available at the parks, is important to take into consideration how popular these Mickey pumpkins are because they are selling out fast.
At the moment, both versions are out of stock online at shopDisney but they randomly add more, so make sure to keep checking back because one might appear!
Add a sweet and spooky glow to Halloween with this Mickey Mouse Halloween pumpkin light-up bucket. Mickey’s ears and jack-o’-lantern features light up and it has an easy carry handle, making it perfect for little witches, goblins, ghosts. Oh, and trick-or-treaters will love it too!
Get your favorite one at Magic Kingdom and have a spooky Halloween!
Josh D’Amaro Tours the Frozen-themed area at Walt Disney Studios
Recently Disney Parks, Experiences, and Products Chairman Josh D’Amaro and President of Disneyland Paris Natacha Rafalski toured the construction site of the new Frozen-themed area at Walt Disney Studios Park.
D’Amaro takes us on a virtual tour of his mesmerizing visit to Disneyland Paris, unveiling a host of exciting sights and developments. Among the highlights, he provides a sneak peek of the refurbished Disneyland Hotel, a much-anticipated reopening set for the upcoming year. The magic continues as he introduces us to the enchanting “TOGETHER: A Pixar Musical Adventure” show, a captivating experience that promises to delight guests with its Pixar-infused charm.
Stepping into the limelight, Rafalski continues to unravel the surprises in store. Standing within what will soon be a shimmering expanse of water, she unveils the grand plans for the future – the Lake Promenade, a centerpiece of the sprawling expansion at Walt Disney Studios Park. This sprawling water body will seamlessly guide visitors towards the much-anticipated new land, adorned with gardens that draw inspiration from cherished Disney tales.
As the anticipation mounts, Rafalski unveils an added delight – a splendid table service restaurant that will offer picturesque vistas of the tranquil lake and the mesmerizing “Frozen”-themed land that lies beyond. While the precise details may have evolved since the initial concept art release, the video still captures the essence of this exciting development. The Lake Promenade stands as a mesmerizing pathway that not only leads to a new realm of enchantment but also promises a serene haven for guests to immerse themselves in the magic of Disney.
He finished out the video by thanking all the Cast and Disney Imagineers at Disneyland Paris who are bringing it to life!
Walt Disney Hometown Museum Presents 2023 Dreaming Tree Gala Event
Next month the Walt Disney Hometown Museum is hosting the 2023 Dreaming Tree Gala event! It’s time to go back to where this all started in Walt Disney’s hometown of Marceline, Missouri, and party like it’s 1923!
In 1923, Walt Disney signed a contract that effectively began what we know today as, The Walt Disney Company. For the past 100 years, audiences across the globe have been inspired by the movies, characters, and theme parks that the Disney brand holds. It’s hard to find someone who is unaware of the name Disney.
Thursday – September 14
1:00 PM & 2:30 PM-Walk Around Marceline: The Original Main Street USA Tour
This guided walking tour is complimentary to any guest with valid Dreaming Tree Gala Admission and will last approximately 1 hour. Tours will be available for guests coming into Marceline early on Thursday, September 14 and Friday, September 15; as well as Saturday, September 16. All walking tours will meet at the Walt Disney Hometown Museum Garden. Each guided tour will include a free Dusty Miller from the iconic Marceline restaurant Ma Vic’s Corner Cafe.
4:00 PM & 7:00 PM-Drink Around Marceline: The Original Main Street USA Tour
This guided walking tour is available to any guest with valid Dreaming Tree Gala Admission, plus an additional $25 upcharge, and will last approximately 2 hours. This tour will be the same as the standard walking tour, however, with some additional flair.
These tours will be available only for guests coming into Marceline early on Thursday, September 14, and Friday, September 15. This tour is only available for guests ages 21 and up. All walking tours will meet at the Walt Disney Hometown Museum Garden. Each guided tour will include four Marceline-inspired cocktails.
Friday – September 15
10:00 AM / 11:30 AM / 1:00 PM / 2:30 PM-Walk Around Marceline: The Original Main Street USA Tour
This guided walking tour is complimentary to any guest with valid Dreaming Tree Gala Admission and will last approximately 1 hour.
Tours will be available for guests coming into Marceline early on Thursday, September 14 and Friday, September 15; as well as Saturday, September 16. All walking tours will meet at the Walt Disney Hometown Museum Garden. Each guided tour will include a free Dusty Miller from the iconic Marceline restaurant Ma Vic’s Corner Cafe.
4:00 PM & 7:00 PM-Drink Around Marceline: The Original Main Street USA Tour
This guided walking tour is available to any guest with valid Dreaming Tree Gala Admission, plus an additional $25 upcharge, and will last approximately 2 hours. This tour will be the same as the standard walking tour, however, with some additional flair.
These tours will be available only for guests coming into Marceline early on Thursday, September 14, and Friday, September 15. This tour is only available for guests ages 21 and up. All walking tours will meet at the Walt Disney Hometown Museum Garden. Each guided tour will include four Marceline-inspired cocktails.
5:00 PM-Marcy Carriker Smothers (VIP Experience)
100 Disney Adventures of a Lifetime
Disney author and historian, Marcy Carriker Smothers, will be in Marceline to give a presentation on her newest book 100 Disney Adventures of a Lifetime. Marcy has also written Eat Like Walt and Walt’s Disneyland. After the presentation, a book signing will commence. Books will be available prior to the event in Walt Disney Hometown Museum.
VIP Experience Admission Required for This Event
Saturday – September 16
10:00 AM / 11:30 AM / 1:00 PM / 2:30 PM-Walk Around Marceline: The Original Main Street USA Tour
This guided walking tour is complimentary to any guest with valid Dreaming Tree Gala Admission and will last approximately 1 hour.
Tours will be available for guests coming into Marceline early on Thursday, September 14 and Friday, September 15; as well as Saturday, September 16. All walking tours will meet at the Walt Disney Hometown Museum Garden. Each guided tour will include a free Dusty Miller from the iconic Marceline restaurant Ma Vic’s Corner Cafe.
10:00 AM-Sandi Baldwin (VIP Experience)
A Journey Through Time: A Historical Presentation of Disneyland’s VIP Host and Hostess Costumes: 1955 – Present
Sandi Baldwin has been a Disneyland VIP Tour Guide since the 1960s. Married to Bob Baldwin, a Disney marketing executive, she also lived in Japan and France for the opening of Tokyo Disneyland and Disneyland Paris. Currently, she gives tours of Walt’s Apartment and has curated two heritage walls at Disneyland about the history of the VIP Tour Guide Costumes.
VIP Experience Admission Required for This Event
11:30 AM-Tania McKnight Norris (VIP Experience)
Decorator to the Disneys
Tania McKnight Norris worked for WED Enterprises in the 1960s. Tania traveled with Walt Disney to New Orleans to find antique decorations for New Orleans Square and Club 33, to New York for the 1964-65 World’s Fair, and designed the famous purple wallpaper seen in the Haunted Mansion. She also became an interior decorator for the Disney family.
VIP Experience Admission Required for This Event
2:30 PM-The Women of Walt Disney Imagineering (VIP Experience)
Imagineers Peggie Fariss, Eli Erlandson, and Paula Dinkel will be sharing their personal experiences working for Walt Disney Imagineering. Their stories coincide with their collaborative book The Women of Disney Imagineering. A book signing will be available following the presentation and books will be available for purchase in the Walt Disney Hometown Museum Gift Shop.
VIP Experience Admission Required for This Event
5:00 PM-Disney Family Farm & Speakeasy Open
Guests can begin entering the Disney Family Farm, complete with full access to the Speakeasy. The Disney Farm will also have special storytellers at both the Dreaming Tree Site and the Disney Barn. All Guests, regardless of admission type, will have access to these features.
Parking will not be available at the Disney Family Farm until 5:00 PM. There will be barricades preventing parking prior to 5:00 PM.
6:30 PM-“Eat Like Walt” Dinner
Marcy Carriker Smothers will be back on hand to curate a special menu designed after Walt Disney’s favorite comfort foods. Marcy will be providing historical context for each course, along with some authentic audio recordings of Walt Disney, himself.
8:00 PM-Floyd Norman
Disney Legend Floyd Norman has a Disney story unlike anyone else. Having served as the first African-American animator at the Walt Disney Studios, he was chosen by Walt Disney to make the transition from animation to storyman. Floyd has one of the longest careers of any Disney employee, consulting on projects even to this day. Join him, as he recounts his stories of working alongside Walt to celebrate 100 Years of Disney.
9:00 PM-“A Kiss Goodnight” Fireworks
The first time Walt Disney saw fireworks was on his farm in Marceline; he called it the perfect Kiss Goodnight. Disney Legends Floyd Norman and Richard Sherman wrote a children’s book called “A Kiss Goodnight” that retold this story. We will end our evening with our own Kiss Goodnight Fireworks on the Disney Farm, the same place Walt first saw them.
All tickets to the Dreaming Tree Gala will include access to the Disney Family Farm, complete with a period-appropriate speakeasy, followed by an “Eat Like Walt” inspired dinner, our featured presentation and end the night with a “Kiss Goodnight Fireworks.” All tickets will also include valid museum admission and admission to a walking tour of Marceline.
If you’d like to get tickets for this gala you can do so here.
New Walt Disney World Halloween Spirit Jersey For A Spooky Style!
The trick or treating season is getting closer, start getting ready with this new Walt Disney World Halloween Spirit Jersey available now at the parks and online at shopDisney for $79.99!
This year’s spirit jersey features an all over pattern of Mickey Mouse pumpkin in neon colors at the bottom part and plain orange at the top. The front features a retro Mickey Mouse icon inside a “D” and the 1971 date at the bottom, and on the back the “Walt Disney World” logo in blue, pink and yellow colors is featured across the back.
