Toy Story 3 bolsters Disney sales

Firm enjoys strong first quarter, with revenues up by 24 per cent.
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The Walt Disney Company has reported its earning for its first fiscal quarter ending January 1st 2011 - with net income up 54 per cent to $1,302 million.

In terms of consumer products, revenues for the period increased 24 per cent to $922 million, while segment operating income increased 28 per cent to $312 million.

The increase was primarily due to higher licensing revenue, driven by the strength of Toy Story and the inclusion of Marvel, as well as comparable store sales growth and improved margins at the Disney Store North America.

To read the full story on our sister site, licensing.biz, please click here.

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