"We estimate the total impact of COVID-19 on segment operating income in the quarter was approximately $1.0 billion," Disney said in its earnings report. "Prior to the closure of our domestic parks and resorts, volumes and guest spending were higher compared to the prior-year quarter."
Shanghai Disneyland will reopen May 11....
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Shanghai Disneyland will reopen May 11....
Disney reports 58% drop in operating income from parks and cruises, its worst-hit segment
This is the first earnings report with Bob Chapek at the helm of Disney, after former CEO Bob Iger transitioned to executive chairman.
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