Consumer Products revenue up in Q1 for Walt Disney Company

Lucasfilm bolsters merchandise licensing for the period.
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Consumer Products revenues increased by 11 per cent to $1.1 billion at The Walt Disney Company for the first fiscal quarter 2014.

Segment operating income also increased by 24 per cent to $430 million, thanks to growth in the firm's Merchandise Licensing and Retail businesses.

The company is attributing the rise in Merchandise Licensing income to the inclusion of Lucasfilm and higher revenues from the performance of Planes, Disney Junior and Monsters University merchandise. This was partially offset by lower revenue from sales of Cars and Spider-man merchandise.

Meanwhile, at the firm's Retail business, higher operating income for the quarter was driven by an increase in North America due to comparable store sales growth and higher online sales.

Elsewhere at the firm, interactive revenues for the quarter (ending December 28th, 2013) increased 38 per cent to $403 million and segment operating income increased to $55 million. Higher income was due to an increase in Disney's console games business, driven by the success of Disney Infinity in the current quarter.

Studio Entertainment also increased by 23 per cent to $1.9 billion, with higher theatrical results reflecting the strength of Frozen and Marvel's Thor: The Dark World.

Overall, The Walt Disney Company reported revenues of $12,309 million for the first quarter, up nine per cent on the previous year.

"These results reflect the strength of our unprecedented portfolio of brands, a constant focus on creativity and innovation, and the continued success of our long-term strategy," said Robert Iger, chairman and CEO, The Walt Disney Company.

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