The Walt Disney Company executives said during Wednesday’s earnings call that the rising price of gasoline has not led to a decrease in Disney bookings. But they have “levers in place” to make adjustments if needed.

Disney and Gas Prices

“We haven’t seen any change in consumer behavior from elevated gas prices thus far, and are currently seeing a material impact on the remainder of the fiscal year based on forward bookings,” said Hugh Johnston, Disney’s chief financial officer.

“Disney World bookings are pacing up strongly,” he continued, “and even with our 40% increase in cruise capacity [with the Disney Adventure], booked occupancy remains in line with the prior year.”

“However, we’re mindful of the macro uncertainty consumers are facing, and we’re not immune to the impacts,” Johnston went on to say, “including how a significant further rise in fuel prices from current levels could eventually lead to changes in consumer behavior. If that possibility were to occur, each business has levers in place to make adjustments in order to help offset those kinds of macro pressures.”

Theme park attendance was down this quarter but revenue hit a record high. Adjusted EPS was $1.57 and Disney expects that to grow.

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