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ROYAL CARIBBEAN GROUP REPORTS THIRD QUARTER RESULTS ABOVE EXPECTATIONS AND RAISES FULL YEAR GUIDANCE
Royal Caribbean Group reported third quarter Earnings per Share of $6.45 and Adjusted EPS of $6.57, above its own guidance, helped by strong close-in demand and lower costs due to timing. The company raised full year Adjusted EPS guidance to $17.85 to $17.95.
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What happened
Royal Caribbean Group reported third quarter Earnings per Share of $6.45 and Adjusted EPS of $6.57, above its own guidance, helped by strong close-in demand and lower costs due to timing. The company raised full year Adjusted EPS guidance to $17.85 to $17.95.
Confirmed
Global impact / market context
Higher profit guidance signals the cruise operator is selling more trips at better prices while keeping costs in check. That supports cash available for debt, ships and shareholder returns, and it suggests vacation demand remains healthy despite higher fuel costs.
Analyst inference
The raised outlook mixes stronger demand with higher fuel costs and currency exchange rates, which means currency movements are the rate at which one currency trades for another. Investors may compare this guidance with rival cruise operators to judge whether demand strength is industry-wide.
Analyst inference
What to watch
- Full year Adjusted EPS is now expected in the range of $17.85 to $17.95. Confirmed
- The recently announced partnership with Sandals and Beaches Resorts is intended to expand the vacation ecosystem and drive shareholder value. Proposed
- Watch whether strong close-in demand, which means bookings made shortly before departure, persists and whether higher fuel costs offset that benefit in future quarters. Analyst inference
Evidence
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