Tom Hanks arrives at the premiere of Disney and Pixar's "Toy Story 4" at the El Capitan on June 11, 2019 in Los Angeles. Kevin Winter | Getty Images

"Toy Story 4" catapulted to the top of the weekend box office with a $118 million haul in the U.S. The film had the third-highest debut of 2019 and the highest debut of any "Toy Story" film. However, the movie fell short of analyst expectations, which called for it to make at least $150 million and possibly surpass "Incredibles 2" for the top animation opening of all time. Internationally, "Toy Story 4" earned $120 million including $23.4 million from Mexico, $15 million from the U.K and $13.4 million from China. Still, "Toy Story 4's" performance is stellar, especially in a summer where big box office tent poles like "Godzilla: King of Monsters," "Men in Black: International" and "Dark Phoenix" failed to draw in moviegoers.

"There are enormous expectations placed upon these massive brands, and rightfully so given the goodwill, nostalgia and box office track record of previous films in their respective series," Paul Dergarabedian, senior media analyst at Comscore said. "And this year in particular the projected numbers have often been brought down to earth by the realities of the current environment." Dergarabedian noted that franchises that earn over $100 million in their debut should consider themselves lucky. So far this year, only three movies have made more than $100 million during their opening weekend, all of them Disney films. "Captain Marvel" brought in $153.4 million during its opening in March and "Avengers: Endgame" smashed all-time box office records with a $357.1 million debut in April. Disney's "Aladdin" had the fourth-biggest opening in the U.S. with a $91.5 million debut. The next highest opening was Universal's horror film "Us," which brought in $71.1 million in its first weekend.