earnings
confidence high
sentiment positive
materiality 0.85
Royal Caribbean Q3 adj EPS $5.20 beats guidance; raises FY guide to $11.57-$11.62
ROYAL CARIBBEAN CRUISES LTD
2024-Q3 EPS reported
$8.91
revenue$12,724,000,000
- Q3 GAAP EPS $4.21, Adj EPS $5.20 (beat guidance); Net Income $1.1B, revenue $4.9B.
- Net Yields up 7.9% CC; load factor 111%; strong demand for European and Alaskan itineraries.
- FY2024 Adj EPS guidance raised to $11.57-$11.62 (71% YoY growth); Q4 guide $1.40-$1.45, includes $0.24 headwinds (Hurricane Milton, cost timing).
- Achieved fully unsecured balance sheet via refinancing $2B notes at 6.00% due 2033 and $1.5B at 5.625% due 2031; eliminated all secured debt.
- Announced Perfect Day Mexico (2027) and Silversea hotel in Chile (2025) to expand private destination footprint.