Not this quarter for Disney. Here’s when CEO Bob Iger’s big shakeup will improve profits

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Published Wed, May 10 20236:00 AM EDTUpdated Wed, May 10 20237:47 AM EDT

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Paulina Likos @paulina_likos

Handout | Getty Images Entertainment | Getty Images

The series of major cost-cutting moves at Walt Disney (DIS) under CEO Bob Iger won’t readily improve fiscal 2023 second-quarter results, which come out after the closing bell Wednesday. The entertainment giant will need at least another quarter to see meaningful benefits to profitability from Iger’s turnaround plans.