Disney CEO Josh D'Amaro will announce future plans for the company's theme parks and cruise ships at the D23 fan expo this weekend, marking his first major strategic move since taking over in March. The experiences segment, which accounted for 54% of Disney's segment operating profit last quarter, saw a 4% increase in global theme park guests and a 4% rise in per capita revenue. Disney previously committed to $60 billion in capital expenditures for experiences over 10 years, with half earmarked for theme park improvements. The company also recently ramped up its share buyback program to $9 billion for the fiscal year. Disney stock remains down 49% from its all-time high five years ago.
Walt Disney CompanyDisney CEO to unveil theme park and cruise plans, with $60B capex commitment and increased buyback, signaling strategic growth.
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