Disney Consumer Products slips slightly in Q1

Sales for the first quarter decreased three per cent to $746 million.
Author:
Publish date:
5_Mickey Mouse 300.jpg

Profits for the Consumer Products segment in the same quarter (ended January 2nd 2010) decreased by eight per cent to $243 million.

The firm attributed the lower income to decreased licensing revenue across a number of product categories driven by lower performance of High School Muscial and Hannah Montana merchandise.

Overall the firm reported a one per cent increase in sales to $9,739 million, compared to $9,599 million in the same period of 2008.

Robert Iger, president and CEO of The Walt Disney Company commented: “We are pleased with our first quarter results and are excited about our creative pipeline, from upcoming movies like Alice in Wonderland and Toy Story 3 to new attractions at our Parks and Resorts.

“Our unique ability to deliver outstanding experiences to consumers across platforms, markets and businesses gives us a strong competitive advantage and positions us well for long-term growth.”

Related

5_Pocoyo.jpg

Disney dips in Q1

Disney's president says the firm will be reducing costs after first quarter results saw group turnover and profit both fall.

Featured Jobs

GAMEPLAN LOGO 3D hi res

Marketing Director UK

Gameplan I Southeast of England I Salary: Competitive I Date Published Monday 7th January 2019

Rainbow logo landscape_home of classic Final

Product Manager

Rainbow Designs Ltd I Olympia, London I Salary: Competitive I Date Published Wednesday 16th January 2019