Disney Isn't Thinking In Basis Points Anymore — It Wants Margins In 'Chunks'
Walt Disney Co (NYSE:DIS) CEO Bob Iger spent most of the third quarter earnings call on Thursday walking analysts through Disney's streaming, sports and studio momentum — but the line that stopped the room cold came from CFO Hugh Johnston, who told Wall Street the company isn't chasing incremental efficiencies anymore. "We're looking to gain margin in chunks, not in basis points," he said.Track DIS stock here.In a media landscape addicted to soft guidance and hedged promises, Disney just chose swagger.Read ...