The Walt Disney Company (DIS) is facing another hurricane-related challenge as Florida prepares for the arrival of Category 5 Hurricane Milton. Just two weeks after Hurricane Helene caused significant damage, the state is once again bracing for a major storm, this time with potential for even greater impact.
As Hurricane Milton intensifies, it could make landfall as a Category 4 or 5 storm on Wednesday, affecting a larger area of Florida than Hurricane Helene did. The storm’s size poses a significant threat, potentially exacerbating the damage and hindering recovery efforts.
Hillsborough County, including Tampa, has issued evacuation orders, and the storm could trigger the largest evacuation in Florida since 2017. Schools and state emergency agencies are taking proactive steps to prepare for and mitigate the hurricane’s impact.
The impending storm has already affected Disney shares. As of Monday, DIS shares were down by 3.39% at $91.93, reflecting investors’ concerns about potential closures at Walt Disney World in Orlando. The park has restricted reservations for Tuesday and Wednesday, indicating preparations for possible shutdowns.
Such closures could result in missed revenue and refunds, adding to the financial strain Disney is already facing due to the previous hurricane. As Hurricane Milton approaches, all eyes are on Florida, hoping for a swift and safe passage for residents and minimal damage to the state.
