A view of the entrance to Walt Disney World theme park on July 8, 2020 in Lake Buena Vista, Florida.
Octavio Jones | Getty Images News | Getty Images
The company said Disney is bringing back two fan favorites in order to “improve the guest experience” at the Florida parks.
Beginning January 9, 2024, date-based tickets will become the standard ticketing option for Walt Disney World Resort no longer require Guests to make additional reservations at specific theme parks. Guests currently go through a two-step process when purchasing standard tickets, which includes purchasing entry to the resort on a specific day and making an additional reservation for entry to a specific theme park.
However, theme park reservations may still be required for other types of entry, including undated tickets, Disney said.
In addition, starting January 9, 2024, Disney is bringing back the popular dining plan option for guests who stay at Disney Resort hotels and purchase vacation packages with the company.
“We know that our guests—and families in particular—have missed out on dining plans, which provide guests with the convenience and peace of mind of prepaying for their meals and snacks,” Disney said in its announcement.
It comes as Disney reports its financial results for the second quarter, which reveal that revenue from its parks, experiences and products division increased 17% to $7.7 billion during the quarter. Theme parks accounted for about $5.5 billion of that revenue.
Disney reported its financial earnings for the second quarter after the bell on May 10, and ended the trading session down about 1%, closing at $101.14 a share. During the trading period after the close, shares fell.
For the quarter, Disney reported revenue of $21.82 billion, slightly exceeding the $21.78 billion expected by analysts, according to Refinitiv. The company also reported adjusted earnings per share of 93 cents, which was in line with analyst expectations.
Here’s how much money you’d have as of May 10th if you invested $1,000 in the company a year, five, and 10 years ago.
If you invested $1,000 in Disney a year ago, your investment would be worth about $939 as of May 10, according to CNBC’s calculations.
If you had invested $1,000 in Disney five years ago, your investment would have increased slightly to $1,023 as of May 10, according to CNBC’s calculations.
And if you had invested $1,000 in Disney a decade ago, it would have grown to about $1,655 as of May 10, according to CNBC’s calculations.
Remember, the market is unpredictable and there is no guarantee that high-performing stocks will continue to perform well in the future. For most investors, a hands-off strategy tends to make more sense, rather than trying to pick individual stocks.
If you’re interested in starting your investment journey, the best place to start is with the S&P 500, a market index that tracks the stock performance of nearly 500 large publicly listed US companies.
To do this, experts usually recommend investing in an exchange-traded fund (ETF) or mutual fund that aims to mirror the performance of an index like the S&P 500. This can be a great way to introduce diversity into your portfolio and spread the investment across a wide range of companies.
As of May 10, the S&P 500 is down about 3%. compared to its value 12 months ago, according to CNBC’s calculations. On the other hand, the index has increased by about 52% since 2018 and has increased by about 153% since 2013.
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