The Walt Disney Co.s quarterly report for
its fiscal second-quarter 2006 chalked up a 3% increase in revenue
at $8 billion over the same period in 2005, and a 12% increase in
net income to $733 million.
performing division was the media networks unit, which chalked up
an 18% revenue growth for the quarter to $3.6 billion and a 20%
increase in operating income to $969
million. The parks and resorts unit came
in second place with a 7% increase in revenue to $2.3 billion and a 17%
increase in operating income $214
of the top two departments offset the declines in both the studio
entertainment division, which dropped 22% to $1.8 billion, and the
consumer products division, which dropped 3% to $451 million.
The parks and
resorts division attributed its strong showing to increased theme
park attendance and higher hotel guest spending and occupancy at
both domestic parks, as well as success with its 50th anniversary
celebration and strong sales for the Disney Vacation
shift of the Easter holiday from the second to the third quarter
had a negative impact on the quarter.
the reporter who wrote this article, send e-mail to David Cogswell
at [email protected].