Disney Parks’ Lost Summer May Become a Lost Year
Photo Credit: Guests can see Minnie Mouse and other characters during breakfast at Topolino’s Terrace – Flavors of the Riviera, at Disney’s Riviera Resort in Lake Buena Vista, Florida. During the phased reopening of Walt Disney World Resort, characters maintain proper physical distancing. Walt Disney World's theme park division may not recover from the pandemic and become profitable until 2025, analysts at Cowen forecasted. Walt Disney World / Matt Stroshane
Skift Take
The magic kingdom has lost some of its magic in 2020. But Disney fans are devoted, and the theme parks will bounce back.
Walt Disney's theme park unit may not return to last year's level of profitability until 2025, analysts at Cowen and Company forecasted.
That's terrible news for parent company Walt Disney because the "parks and resorts" category had been its most significant division by sales and profit growth.
"We believe that at best, heavy
