Jill Goldsmith Co-Business EditorWalt Disney’s chief executive and its CFO said the dramatic spike in Florida COVID-19 infections last month right when Walt Disney World reopened have resulted in higher cancellations at the park than they’d first anticipated – and their expectations weren’t all that high to begin with.CEO Bob Chapek and chief financial officer Christine McCarthy said, however, that the park is meeting the financial criteria set by Disney to sustain a reopening.
It has to cover variable costs, plus kick in a little extra. They acknowledged on a conference call to discuss quarterly earnings that they had hoped the little extra would have been bigger.
Read more on deadline.com
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