Disney Dining Reports: Numbers do not lie… and in the case of the Walt Disney Company, there is cause for worry. On Wednesday, May 10, the Second Quarter results were revealed to the public after the market closed for the day.
With the numbers came an announcement from Disney’s CEO, Bob Iger, who provided some extra context to the data. The end of the second quarter reports was a massive moment for the company and for Iger. The world was eager to see if Iger could turn around the company’s financial struggles as hoped .
Unfortunately, it seems the public does not feel too confident in Disney after Wednesday’s reports. Disney Stock had a significant decline on Thursday, signifying that many may be losing hope in the Walt Disney Company.
Many fans will be shocked to hear that on Thursday, May 11, Disney’s stock dropped a staggering 9%. At the market’s close, DIS settled at an 8.7% decrease. This drop is huge; the largest Disney has experienced in six months. While Disney’s supporters may be stunned by this news, most people could have seen this coming.
Comments
notwokeshows
from the old Disqus comment system
Aug 28, 2023
It's obvious that stock holders have lost confidence in the company... at least under the current leadership. Someone's going to have to take over for Iger if they're ever to right the ship. Whoever that is will HAVE to make sweeping cultural changes ... otherwise it'll just be more of the same.