My takeaways reading through the transcript of yesterday’s earnings call:
1/3 of guests are using Genie+. Chapek and team think the response has been positive and they look forward to the launch at Disneyland.
Responding to a question about inflation, part of what Christine McCarthy (CFO) had to say:
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, but we aren’t going to go just straight up across an increased prices. We’re really going to try to get the algorithm right to cut where we can and not necessarily do things the same way.
Reminded me of a pic I took in Liberty Square where they sell turkey legs. I was floored they charge $7.99 for a single hotdog. I don’t eat much CS and had no idea the prices were so outrageous.
Days later I ended up paying $10.99 for this in Tomorrowland. No drink. From the way McCarthy was talking - take away the chips and charge $10.99 for the hotdog. It will be better for my waistline.