With a year-to-date (YTD) loss of over 10%, Disney (DIS) is underperforming the S&P 500 Index ($SPX) this year. The stock has been a perennial underperformer, and even long-time CEO Bob Iger, who returned from retirement to lead the company again in November 2022, failed to deliver the magic the markets expected. Iger hung up his spurs last month, handing the baton to Josh D’Amaro, an insider who was formerly the chairman of Disney Experiences.
DIS stock is down nearly 45% over the last five years, while the S&P 500 Index gained nearly 65% over the period. Meanwhile, even as DIS stock fell under Iger’s over three-year stint, the company’s earnings rose over the period. It also increased its dividends, and since the reinstatement in late 2023, the payouts have increased by 1.5x.
