Royal Caribbean Q1 EPS $3.60 Adj. beats guidance; FY26 Adj. EPS guided $17.10-$17.50
ROYAL CARIBBEAN CRUISES LTD
- Q1 total revenue $4.5B (+11% YoY); Net Yields +3.6% as-reported, +2.0% constant currency.
- Adjusted EPS $3.60 vs prior guidance; Net Income $0.9B; Adjusted EBITDA $1.7B.
- Returned ~$1.1B to shareholders: $836M buybacks (2.9M shares) and $270M dividends.
- FY26 Adjusted EPS guidance raised to $17.10-$17.50 (11% YoY growth); Net Yields +2.3% to +3.3% as-reported.
- Geopolitical events moderated Med and Mexico bookings late Q1, but recovery underway; fuel costs $1.3B (59% hedged).