DIS · 8-K · 20260805PR000056
Guidance / Outlook
Walt Disney Co · 2026-08-05 · Importance 85 · Surprise 76 · In source text
Disney reiterated fiscal 2026 adjusted EPS growth guidance of approximately 12% excluding, and 16% including, the 53rd week. It expects fourth-quarter total segment operating income of approximately $4.9 billion, with the 53rd week contributing approximately $600 million and lifting revenue by roughly 1.5% to 2%. The company continues to expect fiscal 2027 double-digit adjusted EPS growth, fiscal 2026 cash provided by operations of at least $19 billion, and capital expenditures of approximately $9 billion. Management expects fiscal 2026 Experiences segment operating income growth at the high end of its prior high-single-digit outlook, while Sports is expected to grow mid-single digits and Entertainment double digits, excluding the 53rd week.
Key facts
- Company expects Q4 total segment operating income of approximately $4.9 billion, including the impact of the 53rd week. source
- Fiscal 2026 adjusted EPS growth is expected of approximately 12%, excluding the impact of the 53rd week. source
- Fiscal 2026 adjusted EPS growth is expected of approximately 16%, including the impact of the 53rd week. source
- Company continues to expect double-digit adjusted EPS growth in fiscal 2027, excluding the impact of the 53rd week. source
- Forward bookings at Walt Disney World remain robust and the Company expects another quarter of global guests growth in fiscal Q4, excluding the 53rd week, despite consumer softness in Asia. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| operating_income | positive | committed | — | Company expects Q4 total segment operating income of approximately $4.9 billion, including the impact of the 53rd week. |
| net_income | positive | committed | — | Fiscal 2026 adjusted EPS growth is expected of approximately 12%, excluding the impact of the 53rd week. |
| net_income | positive | committed | — | Fiscal 2026 adjusted EPS growth is expected of approximately 16%, including the impact of the 53rd week. |
| net_income | positive | committed | — | Company continues to expect double-digit adjusted EPS growth in fiscal 2027, excluding the impact of the 53rd week. |
| revenue | positive | committed | — | Forward bookings at Walt Disney World remain robust and the Company expects another quarter of global guests growth in fiscal Q4,… |