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Motley Fool Hidden Gems Investing

Disney’s New Magic: Saving Money

Motley Fool Hidden Gems Investing

The Motley Fool

Investing, Business

4.33.1K Ratings

🗓️ 8 February 2024

⏱️ 31 minutes

🧾️ Download transcript

Summary

Disney’s quarter included sports, games, and a healthy dose of cutting costs. (00:21) Rick Munarriz and Deidre Woollard discuss: - Disney’s ability to cut costs. - How Disney plans to extend its IP into gaming. - ESPN’s power moves. (17:33) Kirsten Guerra explores the complicated logistics that drive 1-800-Flowers. Companies discussed: DIS, FLWS, NFLX, FUBO Claim your Epic Bundle discount: fool.com/epic198 Host: Deidre Woollard Guests: Rick Munarriz, Kirsten Guerra Producers: Ricky Mulvey, Mary Long Engineers: Desiree Jones, Dan Boyd Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Disney waves a magic wand of savings.

0:05.0

Disney waves a magic wand of savings.

0:07.0

Motley fool Money. I'm Deidro Willard here with Motley Full analyst Rick Meadars.

0:25.3

Rick, how you doing today?

0:26.7

I'm doing zippity-duda fantastic today, yeah, thank you.

0:31.1

Well, I'm wondering if Disney's earnings have something to do with that, because I consider you to be a Disney

0:36.4

Athusiano, a Disney bull perhaps.

0:39.1

And last night's earnings, you know, it seemed to be, it was definitely all over the place, but it seemed to send the message that the strategies working

0:46.7

earnings per share were up companies really done so well at cutting costs cut 500 million dollars million in SG&A expenses.

0:54.2

They're headed toward that $7.5 billion goal.

0:57.0

You know, it's not the most thrilling thing we've ever heard,

0:59.9

but how important are savings to Disney right now?

1:03.0

Right now, it's very important.

1:05.0

And again, this was $5.5 billion a year ago.

1:09.4

Back in February of 2023, Bob Eager said, hey,

1:11.9

I think we can save $.5 billion dollars in annual

1:14.1

savings costs in November just a couple months ago they said all right we can

1:18.4

actually raise this 7.5 billion now he's saying meet or exceed 7.5 billion. That exceed word is new. So the fact that savings are happening

1:26.6

and you're saying great what does this mean that Disney found a few more Disney

1:29.6

dollars under its cushion, sea cushions, sofa. But what it means is Disney right now,

1:34.8

on the top line, isn't a very exciting story organically.

1:37.7

It's had a couple of movies basically strike out

...

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