4th Quarter reporting is now done and calculated.
"Earlier this month,
Disney stock suffered its worst day since 2001 following what one analyst termed a “
massive earnings downgrade,” after the company in its fourth-quarter earnings report forecast a significantly softer-than-expected,
single-digit growth in the coming fiscal year,
far below analysts’ consensus view of 25% growth." ~ Market Watch.
The problem with Chapek is rather than work towards growth, he created false "profits" by cuts everywhere he can, raising prices everywhere he can. Not sustainable. He was never right for this job, his resume wasn't strong enough to lead a company like this.
Too bad the Board is so out of touch with this company that they renewed his contract only to have the company stumble further and make them look like fools. ALL of the Board needs to go next round, and right now Christine McCarthy CFO needs to go with him. She is the "financial" leader, she has failed.