earnings
confidence high
sentiment positive
materiality 0.85
Royal Caribbean Q2 Adj. EPS $3.21 beats; raises FY 2024 guidance to $11.35-$11.45; reinstates $0.40 dividend
ROYAL CARIBBEAN CRUISES LTD
2024-Q2 EPS reported
$4.46
revenue$7,838,000,000
- Q2 Adj. EPS $3.21 (GAAP $3.11), net income $854M, revenue $4.1B; beat driven by strong pricing and onboard revenue.
- FY2024 Adj. EPS guidance raised to $11.35-$11.45 (68% YoY growth); Net Yields expected +10.4%-10.9%.
- Quarterly dividend reinstated at $0.40 per share; payable Oct 11, 2024 to holders of record Sep 20, 2024.
- Trifecta goals (EBITDA/APCD, ROIC, EPS) achieved 18 months early; load factor 108%; customer deposits $6.2B.