As Disney Goes, So Goes The Nation
It seems like each day another Fortune 500 company releases disappointing quarterly earnings, but then again, what do you expect? Thursday, Disney was no exception, as the company reported that earnings had fallen about 13 percent in the fiscal fourth quarter.
Things were down in pretty much all areas of their business--including about a four percent drop specifically at theme parks. Overall, they still posted a profit of $760 million, but when everyone expects you to beat last year, that’s still not good enough.
In hopes of filling Disney World to the brim, the Disney officials have started a new vacation promotion in addition to their birthday deal. The new deal promises three nights of tickets and hotel for free when you buy a four-night package. Finally, if your trip takes place between January and March they’ll also throw in a $200 gift card--for your own Sarah Palin-style spending spree on all the best Mickey merchandise.
[Photo: Joe Shlabotnik]