What drove Disney's gross profit growth in 2024?

Disney's gross profit growth in 2024 was primarily driven by a 35.75% increase in gross margin as of December 31, 2024. This improvement can be attributed to several key factors: 1. **Revenue Growth**: Disney's revenue increased due to robust performance across its segments, including theme parks, television animation, and film entertainment. The company's theme parks, in particular, saw significant growth, with earnings per share (EPS) of $2.49, surpassing expectations. 2. **Cost Management**: Disney effectively managed its costs, which contributed to the improvement in gross margin. The company's focus on cost optimization initiatives and a favorable revenue mix helped to enhance profitability. 3. **Operating Efficiency**: Enhanced operating efficiency at its theme parks and other segments likely led to better cost control, resulting in higher gross margins. This could include improvements in productivity, reduced waste, and optimized resource allocation. In summary, Disney's gross profit growth in 2024 was driven by a combination of revenue growth, effective cost management, and improved operating efficiency. |code|Ticker|Name|Date|Gross Profit Margin|Gross Profit Margin YoY|market_code| |---|---|---|---|---|---|---| |DIS|DIS.N|The Walt Disney|2024 Q1|33.8104|11.556392887662957|169| |DIS|DIS.N|The Walt Disney|2024 Q2|34.7848|10.065593585561174|169| |DIS|DIS.N|The Walt Disney|2024 Q3|35.3541|7.823379253344896|169| |DIS|DIS.N|The Walt Disney|2024 Q4|35.7516|7.0224542518193|169|