By Samrhitha A and Aditya Soni (Reuters) - Walt Disney's $60 billion spending plan on parks and cruises to stay ahead of growing competition has ...
By Samrhitha A and Aditya Soni - Walt Disney's $60 billion spending plan on parks and cruises to stay ahead of growing competition has worried some Wall Street analysts with its long road toLamborghinis on display in Point Pleasant Park | SaltWire - Walt Disney's $60 billion spending plan on parks and cruises to stay ahead of growing competition has worried some Wall Street analysts with its long road to payoff.
"Expanding parks and cruises tends to be a multi year undertaking as a result of which, revenue and margin acceleration lags the investment cycle," Barclays analysts said. The bump in parks spending also follows a quiet period for the business during the pandemic in 2020 and 2021, when the spread of COVID-19 forced park closures and hit attendance.
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