Another warning sign for the economy is Disney’s struggling parks

The company blamed the decline in operating income at its domestic theme parks on high inflation-related costs and a bigger-than-expected decline in consumer demand.

Disney warned that “reduced demand” for its parks and attractions will likely continue and could impact the next several quarters.

Disney’s theme parks have been a key source of revenue in recent years, with the company spending an additional $60 billion last year to further expand them.

As high inflation has hit Americans’ wallets, some consumers have cut back on spending on tours and thrill rides. Comcast also reported a drop in revenue from its Universal Studios theme parks in its second-quarter earnings in July.

Cuts in consumer spending were felt across the US economy.

Fast food chains like McDonald’s, Burger King and Taco Bell have rolled out discounts and deals on discounted meals to attract budget-conscious customers as some have seen sales decline.

Starbucks also saw a decline in visits due to a “challenging consumer environment.”

It’s not all bad news for Disney though,

The entertainment giant’s revenue was boosted by a strong performance from its combined streaming division, which turned a profit for the first time, and big box office hits including Pixar’s Inside Out 2.

Disney did not respond to Business Insider’s request for comment, submitted outside normal business hours.