Disney CEO Bob Iger used his opening comments in today's earning call to briefly comment on declines at Walt Disney World.
Iger noted that there has been softer performance at Walt Disney World from the prior year coming off what he described as a "highly successful 50th-anniversary celebration."
As previously mentioned by Iger, he said that as post-COVID pent-up demand continues to level off in Florida, local tax data shows evidence of some softening in several major Florida tourism markets. And the strong dollar is expected to continue tapping down international visitation to the state.
Iger continued that Walt Disney World is still performing well above pre-COVID levels, 21% higher in revenue and 29% higher in operating income compared to fiscal 2019 - adjusted for Star Cruiser accelerated depreciation.
Finally, Iger said that Disney continues to see positive guest experience ratings in the theme parks, including Walt Disney World, and positive indicators for guests looking to book future visits. This includes strong demand for the newly return annual passes.
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