Walt Disney: 11th quarter of double-digit growth, eps +22%

Walt Disney Company EPS for the quarter increased 11% to $1.36. EPS for the six months ended April 2, 2016 increased 22% to $3.04. Q2 marks 11th consecutive quarter of double-digit growth.

walt disney eps growthThe Walt Disney Company (NYSE: DIS) today reported quarterly earnings of $2.1 billion for its second fiscal quarter ended April 2, 2016, an increase of $35 million over the prior-year quarter. Diluted earnings per share (EPS) for the quarter increased 6% to $1.30 from $1.23 in the prior-year quarter. Excluding certain items affecting comparability, EPS for the quarter increased 11% to $1.36. EPS for the six months ended April 2, 2016 increased 22% to $3.04 from $2.50 in the prior-year period. Excluding certain items affecting comparability(1), EPS for the six months increased 20%.

We’re very pleased with our overall results in Q2, which marks our 11th consecutive quarter of double-digit growth in adjusted EPS. Our Studio’s unprecedented winning streak at the box office underscores the incredible appeal of our branded content, which we continue to leverage across the entire company to drive significant value. Looking forward, we are thrilled with the Studio’s slate and tremendously excited about the June 16th grand opening of the spectacular Shanghai Disney Resort” said Robert A. Iger, chairman and chief executive officer.