Jill Goldsmith With Walt Disney World in Orlando set to open in mid-July, the conversation on Wall Street is shifting from the financial hit of shuttered theme parks and when they’ll restart to how quickly profitability will improve.
The conclusion: not much until health precautions are eased and people can travel.UBS analyst John Hodulik said an earlier-than-anticipated openings of parks has boosted his revenue estimates but that he’s keeping operating income flat due to limitations on attendance required by social distancing.
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