earnings
confidence high
sentiment positive
materiality 0.85
Royal Caribbean beats 2023 expectations, guides FY2024 adj. EPS $9.50-$9.70 (+40% YoY)
ROYAL CARIBBEAN CRUISES LTD
2023-FY EPS reported
$6.31
revenue$13,900,000,000
- Q4 2023 revenue $3.3B, adj. EPS $1.25 vs. $(1.12) a year ago; full-year rev. $13.9B.
- Full-year 2023 adj. EPS $6.77, net income $1.7B; both ahead of prior guidance due to strong close-in demand.
- 2024 adj. EPS guidance $9.50-$9.70; net yields expected +5.25% to +7.25% in constant currency vs. 2023.
- Record booked position entering 2024; five best booking weeks ever occurred since last earnings call.
- Company expects to achieve two Trifecta goals (triple-digit EBITDA/APCD, ROIC in teens) one year early in 2024.