earnings
confidence high
sentiment positive
materiality 0.85
Royal Caribbean Q2 adjusted EPS $1.82 beats guidance; raises FY2023 EPS view 33% to $6-$6.20
ROYAL CARIBBEAN CRUISES LTD
2023-Q2 EPS reported
$1.60
revenue$6,408,128,000
- Q2 adjusted EPS $1.82 vs guidance; net income $458.8M on record revenue $3.5B.
- FY2023 adjusted EPS guidance raised ~33% to $6.00-$6.20; net yields up 11.5-12% vs 2019.
- Q3 adjusted EPS expected $3.38-$3.48; net yields up ~14% vs 2019.
- Record customer deposits $5.7B; operating cash flow $1.4B; debt repaid $1.6B in Q2.
- Booking volumes significantly above 2019 at record pricing; demand from North America and Europe strong.