Prior to that time he founded or worked in a variety of other technology businesses. He has served as a Director of Illumina since 2014 and was a director of Citrix Systems, Inc. from 2014 to 2016. He was elected a Director of the Company in December 2017, effective February 1, 2018. Real-time last sale data for U.S. stock quotes reflect trades reported through Nasdaq only. Intraday data delayed at least 15 minutes or per exchange requirements.

Prior to that, she was President — Global Business Units of Procter & Gamble from 2007 to 2009. Prior to 2007, she was Vice Chair of P&G Beauty and Health from 2006, Vice Chair of P&G Beauty from 2004 and President Global Personal Beauty Care and Global Feminine Care from 2002. She was a director of McDonalds Corporation from 2008 to 2016, and was a director of NBTY, Inc. from 2013 to 2017. Ms. Arnold has been a Director of the Company since 2007 and was elected as Chairman of the Board as of December 31, 2021.

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Guests are not currently required to provide proof of vaccination. On May 11, 2022, Disney released its Q2 FY2022 earnings report. Its adjusted EPS and revenue of $1.08 and $19.2 billion, respectively, missed analysts’ expectations.

Mr. Rice leads the pharmacy benefits management business of CVS Health and had extensive experience in the financial function at Eli Lilly, including serving as Eli Lilly’s chief financial officer. As such, he brings practical knowledge of executive management of complex, worldwide businesses, and extensive experience in a wide range of financial and accounting matters including management of worldwide financial operations, financial oversight, risk management and the alignment of financial and strategic initiatives. While its theme parks and cruise businesses got hit, the entertainment giant found success with its Disney+ streaming service. And reopening movie theaters are boosting prospects for box-office sales. But it needs to find a balance between streaming and in-person revenue.

In that role, Chapek dramatically expanded the company’s parks and related offerings, launching the Shanghai Disney Resort and nearly doubling the Disney Cruise Line fleet. Although the company has not announced plans to increase the cost of the subscription service, CEO Bob Chapek has said that as Disney increases content for the service, a price increase may follow. In a recent earnings call, he said that added content could provide an “impetus to increase that price/value relationship even higher and then have the flexibility…to then look at price increases on our service.” Disney has also changed its ticket options and services recently. Notably, it has introduced Genie and Genie+ services, which are available via a mobile app.

Quarterly Earning Reports

Bob Chapek has been chief executive officer of Disney since February 2020, succeeding Robert Iger. The Carlyle Group executive Susan E. Arnold succeed Iger as chair of the board on Dec. 31, 2021. Click here to access a tool that will assist you in calculating your adjusted cost basis. You will need your annual plan statements to utilize this tool. If you do not have your historical statements, please contact our transfer agent, Computershare Investor Services, for assistance.

Highlights along the way included Disney’s first sound film, “Steamboat Willie,” in 1928, its first feature-length animated film, “Snow white and the Seven Dwarfs” in 1937, and a foray into television in 1950. For fiscal 2021 Disney earned $3.03 a share, 270% better than fiscal ’20. That includes Pixar’s “Luca,” “Raya and the Last Dragon” and “Encanto.” “Encanto” won the award for animated feature film. It only grossed roughly $156 million through late June, below its $200 million budget.

Disney is a global entertainment company operating theme parks, resorts, movie studios, broadcast TV networks, and a cruise line. Because of the breadth of its operations, Disney has competitors ranging from diversified media and entertainment companies like Paramount Global and Comcast Corp. , to amusement park operators such as Six Flags Entertainment Corp. and streaming platforms including Netflix Inc. . For that period, it reported net income of $2.5 billion and revenue of $67.4 billion. The company was founded in 1923 as the Disney Brothers Cartoon Studio by brothers Walt and Roy Disney.

Mr. Parker previously served as President and Chief Executive Officer of NIKE, Inc. since 2006 and Chairman of NIKE since 2016. He has been employed by NIKE since 1979 in a variety of positions with primary responsibilities iq option overview in product research, design and development, marketing and brand management. Mr. Parker has been a member of the Board of Directors of NIKE since 2006, and has been a Director of the Company since January 2016.

Is Disney Stock A Buy Right Now As Disney+ Takes Off?

Sign up for free today.MarketDiem Flash Sale Seize the market with top trade ideas delivered daily—get 1 year of MarketDiem for $20.Follow IBD on TikTok! Boost your investing and personal finance knowledge with bite-size educational videos. Live from Hong Kong, bringing you the most important global business and breaking markets news information as it happens. States require that business entities review their records each year to determine whether they are in possession of any unclaimed funds , stock or other securities or other property which is inactive and presumed to be abandoned, and to report and deliver such property to the states for safekeeping. The state holds the property, or its cash equivalent, until such time as they are claimed by the owner or legal claimant. Disney’s exceptional entertainment experiences, widely diverse content, and unique skill in managing businesses in an integrated manner led to strong results.

• He has been employed by NIKE since 1979 in a variety of positions with primary responsibilities in product research, design and development, marketing and brand management.
• We also reference original research from other reputable publishers where appropriate.
• For fiscal 2021 Disney earned $3.03 a share, 270% better than fiscal ’20.
• From 2001 to 2005, Ms. Lagomasino was Chairman and Chief Executive Officer of JPMorgan Private Bank, a division of JPMorgan Chase & Co., a global financial services firm.

Disney Genie is a complimentary service which provides personalized itineraries and planning for a Disney resort visit. Disney Genie+ is the advanced version, available for $15 per ticket per day, which also allows users to use the Lightning Lane for faster access to several attractions per day. The company’s stock is grouped with the communication services sector and the entertainment industry for investment purposes.

On April 29, 2022, Disney announced that Chief Corporate Affairs Officer, Geoff Morrell, would be immediately leaving the company after having only been named to the position in December. Concerns relating to accounting, internal controls or auditing matters are immediately brought to the attention of the Company’s internal audit department and handled in accordance with procedures established by the Audit Committee with respect to such matters. The Audit Committee assists the Board of Directors in its oversight of the integrity of the Company’s financial statements, compliance with legal and regulatory requirements, the qualifications and independence of independent auditors, and the performance of independent auditors and the internal audit function.

Disney parks business roars back as company beats earnings expectations, stock soars

Exchanges report short interest twice a month.Percent of FloatTotal short positions relative to the number of shares available to trade. IBD Videos Get market updates, educational videos, webinars, and stock analysis. A 66 Earnings Per Share Rating reflects a three-year earnings growth rate of -35%, which includes a 19% decline in fiscal ’19 and a 65% drop in fiscal ’20. It’s hard to believe the $172 billion market cap behemoth started out in 1923 as Disney Brothers Cartoon Studio, by Walt and his brother, Roy O. Disney.

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Join thousands of traders who make more informed decisions with our premium features. Real-time quotes, advanced visualizations, backtesting, and much more. Arbitrage is the simultaneous purchase and sale of the same asset in different markets in order to profit from a difference in its price. Investopedia requires writers to use primary sources to support their work. These include white papers, government data, original reporting, and interviews with industry experts.

Disney’s Dividend Won’t Be Coming Back Any Time Soon

The company’s consumer products business saw revenue fall 8.5% to $1.5 billion following the closure of a substantial portion of its Disney-branded retail stores during the second half of 2021. After the August 10 close, Disney reported higher-than-expected fiscal Q3 earnings, as Disney+ streaming subscriptions came up strong. It earned adjusted earnings of $1.09 a share on revenue of $21.5 billion vs. S&P Global Market Intelligence forecasts for https://forexhero.info/ $0.99 on $21.0 billion. CEO Bob Chapek, former chairman of Disney Parks, Experiences and Products, was named new chief executive after Bob Iger stepped down in February 2020. At the time, Iger said he would stay on until the end of 2021 as executive chairman and direct the company’s creative endeavors. Until his appointment as CEO on Feb. 25, 2020, Chapek spent nearly three decades at Disney, heading the company’s theme parks unit from 2015.

Money Flow Uptick/Downtick RatioMoney flow measures the relative buying and selling pressure on a stock, based on the value of trades made on an “uptick” in price and the value of trades made on a “downtick” in price. The up/down ratio is calculated by dividing the value of uptick trades by the value of downtick trades. Net money flow is the value of uptick trades minus the value of downtick trades. Shares Sold ShortThe total number of shares of a security that have been sold short and not yet repurchased.Change from LastPercentage change in short interest from the previous report to the most recent report.

If you are a Registered or Beneficial Shareholder in The Walt Disney Company, click below to order electronic delivery of financial information.

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Contact information is available in the Transfer Agent section of this FAQ. Michael B.G. Froman has been Vice Chairman and President, Strategic Growth at Mastercard Incorporated since 2018. He served as United States exponential function in python Trade Representative in the Executive Office of the President from 2013 to 2017, and as Assistant to the President and Deputy National Security Advisor for International Economic Policy from 2009 to 2013.