The short answer? Yes. Yes, they were.
Folks, I am, quite frankly, still a bit shocked at what I’m about to share with you right now, but here we are.
As some of you may know, The Walt Disney Company’s first quarter and full-year earnings report call took place on Wednesday evening. Paul Krieger shared the most noteworthy takeaways from the call, but I’m here to point out one more.
First of all, H/T to Scott Sanders for pulling the question and answer I’m speaking of. Here is the clip below so you can be well-informed before continuing to read my thoughts.
Let’s address the question that was asked. A reporter discussed how he has been covering Disney for 30 years, but they’ve never seen this much inflation before. He wondered how Disney would mitigate that inflation.
The moderator specifically asked Bob Chapek, Chief Executive Officer, The Walt Disney Company, to talk about Disney+ sub growth in the United States and asked Christine McCarthy, Senior Executive Vice President and Chief Financial Officer, to speak about inflation.
As soon as McCarthy took the proverbial floor, she immediately began explaining how many CFOs are facing inflationary pressures and looking at expenses to try to assess what they can do to manage through it.
First, McCarthy mentioned the increase in the price of acquiring content, such as finding talent and paying hourly workers well. Next, she mentioned adjusting suppliers and substituting products, and then came this shocking quote.
We can cut portion size – which is probably good for some peoples’ waistlines…
Excuse me? Since when is Disney concerned about anyone’s waistline? I am honestly still floored that she made this comment. As a professional person, I could never imagine allowing the second part of McCarthy’s comment to come out of my mouth. She should have just left it at, “we can cut portion size” and been done with it.
Maybe I’m taking this more offensively than I should being a “person of size,” but I don’t think so. I don’t believe that anyone’s waistline should be a topic of consideration when discussing a billion-dollar company’s bottom line.
Another point I want to make is that we here at the DIS go out and do many, many dining reviews at restaurants all across Walt Disney World. One of the things we regularly discuss on our Disney Dining channel is the price of meals and whether or not the dish was worth the cost. So if Disney is considering cutting portion sizes, we’re going to have a lot more to discuss than our waistlines.
We’d love to hear your thoughts, so please sound off in the comments below.
Senior Editor for The DIS and DCL Fan | Disney Vacation Club Member | Thrilled to have been a '13/'14 Disney Parks Moms Panelist (now planDisney) | Lover of all things Disney; the Magic of Disneyland, Walt Disney World, and Disney Cruise Line | ºoº