Disney financial results earnings call always yield some interesting comments from Disney senior executives, and today's was particularly interesting with regard to the financial success of Disney Genie+ and methods by which Disney plans to save costs.
When asked about combating inflation during today's investor earnings call, Disney Chief Financial Officer Christine McCarthy had some interesting comments on steps the company may be taking.
McCarthy said, "I was talking to our parks senior team about things that we could do there. There are lots of things that are worth talking about. We can adjust suppliers. We can substitute products. We can cut portion size which is probably good for some people's waistlines. We can look at pricing where necessary. We aren't going to go just straight across and increase prices. We're going to try to get the algorithm right to cut where we can and not necessarily do things the same way. We're producing technology to produce some of the operating cost. That gives us to absorb some inflation. We're trying to use our heads here to come up with a way to kind of mitigate some of the challenges that we have. It is a great question. I'm sure it is one that you could ask every single company in your coverage universe."
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