It looks like Disney Parks are rebounding a little better than expected from the coronavirus pandemic.
What’s going on
The parks have seen increased attendance, higher visitor spending numbers and some cost-cutting moves that have helped soften the blow of a $2.6 billion operating cost.
- “Parks rebounded faster than expected in the quarter,” Rosenblatt Securities analyst Bernie McTernan wrote in a report, according to The Orange County Register.
Of course, this is without Disneyland in California, which remains closed because of the coronavirus pandemic. However, Walt Disney World in Florida and the Downtown Disney area of the California theme park remain open and thriving right now, which I’ve written about for the Deseret News.
More on Disney
- The company saw a slight rise that broke a two-day losing streak for the company. The company’s stock is at $186.44, which is $7.41 short of its high ($192.85) last seen on Feb. 12, 2020, before the pandemic, according to MarketWatch.