Marvel, Mickey and Minnie bolster Disney's CP business in Q2 - Licensing.biz

Marvel, Mickey and Minnie bolster Disney's CP business in Q2

CP revenues increase 12% to $763 million for quarter ending March 30th.
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Strong performances from Marvel brands, Mickey and Minnie Mouse helped the Consumer Products arm of The Walt Disney Company to further growth in the second quarter.

Consumer Products revenues for the period ending March 30th increased 12 per cent to $763 million, while segment operating income was up 35 per cent to $200 million.

As well as Marvel, Mickey and Minnie, merchandise licensing was also given a boost by the Disney Channel. It also benefited from a licensee audit settlement.

At the firm's retail business, higher operating income was driven by higher comparable store sales in North America and Japan, plus higher online sales in North America.

Elsewhere, interactive revenues for the quarter increased eight per cent to $194 million, while segment operating results improved by $16 million to a loss of $54 million.

Overall, for the quarter, revenues stood at $10,554 million (up ten per cent from the same period last year).

Revenues for the six month ending March 30th stood at $21,895 million (2012: $20,408m).

"We're obviously pleased with our second quarter," said Robert Iger, chairman and CEO, The Walt Disney Company. "Our results reflect our successful strategy, the strength of our brands and the value of our high quality creative content, all of which continue to drive long-term growth and shareholder value."

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