Disney’s Nov. 17 earnings get a $600 million boost from extra week

Disney’s fiscal year ran 53 weeks, and Disney says that bonus week adds about $600 million in operating income to its next report. By our math, that’s about 12% of its $4.9 billion fourth-quarter forecast.

Disney’s next report card comes with a week of extra credit.

Disney reports fiscal fourth-quarter and full-year results next Tuesday, Nov. 17, before the stock market opens, with a webcast at 8:30 a.m. ET, the company announced in October. Those numbers include a 53rd week, and that extra week adds about $600 million in segment operating income, TheStreet reported Monday night.

That figure comes straight from Disney. Its August earnings release said the extra week is worth “approximately $600 million spread across the segments.” It also said the week lifts revenue by about 1.5% to 2%.

Disney guided to about $4.9 billion in fourth-quarter segment operating income, including the extra week. By our math, the bonus week is roughly 12% of that.

Why 53 weeks? Disney’s fiscal year ends on the Saturday closest to Sept. 30. Fiscal 2025 ended Sept. 27, 2025, so fiscal 2026 ran through Oct. 3 by our count.

Will the extra week make Disney look better?

On paper, a bit. Disney said full-year adjusted earnings per share should grow about 16% with the extra week, or about 12% without it.

Many of Disney’s own forecasts set the extra week aside. Its parks guest growth, streaming margin and Sports profit outlooks were all given excluding the 53rd week, so watch which version each number on the call uses.

The boost won’t repeat. Disney said it laps the extra week in the fourth quarter of fiscal 2027, which makes that quarter’s comparison tougher.

What are analysts expecting from Disney?

These are analyst forecasts, not Disney guidance. TheStreet reported on a Morgan Stanley note:

• Earnings per share: Morgan Stanley expects fiscal 2026 adjusted EPS of $6.85, a bit under the $6.94 consensus TheStreet cited.

• Stock: The firm raised its price target to $133 from $125 and kept an overweight rating.

• Parks: It projects a 1.4% decline in international park attendance in fiscal 2027.

• Cruises: It estimates Disney Cruise Line revenue of about $5.1 billion in fiscal 2027, with each new ship adding roughly $600 million to $700 million a year once it’s up and running.

Morgan Stanley also sketched what trimming 2% to 5% from Disney’s roughly $83 billion expense base could save. TheStreet called those hypothetical scenarios, not Disney plans.

How are Disney’s theme parks doing?

Pretty well, going into this report. In the third quarter, Experiences revenue rose 10% to nearly $10 billion, and operating income rose 20% to $3.02 billion, Disney said. Domestic attendance was up 3%, and per-guest spending rose 4%.

Disney said Experiences profit growth for the year should land at the high end of its high-single-digit guidance, excluding the extra week. It also flagged “softness at our Asia parks” that it expected to continue into the fourth quarter.

Cruises helped. Disney Destiny and Disney Adventure were both sailing for the full quarter, which raised stateroom capacity about 50% from a year earlier.

What about Disney+ and Hulu?

Streaming profit more than doubled in the third quarter, to $712 million from $329 million. Disney warned that a softer ad market, especially for domestic streaming, plus the live-action Moana’s box office shortfall would weigh on fourth-quarter entertainment results.

Disney+ Premium rose to $21.49 a month from $18.99 on Sept. 23, Laughing Place reported. With the fiscal year ending about 10 days later, most of that price hike shows up in next year’s numbers, TheStreet noted.

What else could come up on Disney’s earnings call?

Cost cuts. Disney reportedly asked some managers to find annual savings of up to 20%, TheStreet said, and it hasn’t confirmed a final layoff number. Disney also announced a multiyear AI partnership with Adobe on Monday.

Disney said in August it expects to buy back at least $9 billion in stock this fiscal year. It also promised double-digit adjusted EPS growth in fiscal 2027, excluding the extra week.

How can I listen to Disney’s earnings call?

Disney will stream the webcast at disney.com/investors at 8:30 a.m. ET (5:30 a.m. PT) on Nov. 17 and post a replay there afterward. The earnings materials go up on the same page before the market opens.

Article compiled and written by Kambrea Pratt (editor-in-chief), Derek Gibbs (beat editor) and the Pirates & Princesses newsroom. Pirates & Princesses is part of WebReef Media.

Pirates and Princesses is your destination for Disney news, theme park updates, and the pop culture you love. From Disney cruises and travel tips to Disney fashion, food, collectibles, and movie news, PNP covers it all. Visit us at piratesandprincesses.net for daily coverage. Follow PNP on Facebook and Instagram, and listen to the Pirates & Princesses podcast on Apple Podcasts and YouTube.

Hat Tips:

• TheStreet (Nov. 9, 2026), the $600 million tip, the Morgan Stanley forecasts, consensus EPS and the cost-cut report

• The Walt Disney Company (Aug. 5, 2026), the 53rd-week impact, fourth-quarter guidance and third-quarter results

• The Walt Disney Company (Oct. 12, 2026), the earnings date and webcast time

• Laughing Place (Sept. 23, 2026), the Disney+ Premium price increase

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