Royal Caribbean Posts Q3 EPS of $6.45
RCL sits 26% above its 52-week low of $222.22.
Summary
Royal Caribbean reported third-quarter adjusted EPS of $6.57 and net income of $1.73B, on revenue of $5.6 billion, up 9% year over year, with net yields up 0.9% as-reported and load factor of 112%. That compares with $4.21 adjusted EPS in Q2, and the company now guides full-year adjusted EPS to $17.85-$17.95, up from the $17.73-$17.87 set in July, with fourth-quarter adjusted EPS seen at $3.48-$3.58. The raised earnings expectations reflect stronger-than-expected 3Q performance partially offset by higher than anticipated fuel costs and currency exchange rates. Demand for its leading vacation experiences remains strong, and while it is still early, 2027 bookings are pacing ahead of historical levels at higher rates. The print follows a busy stretch: a $1.25 billion 5.550% senior notes offering in August and the roughly $3 billion deal for a 50% stake in Sandals and Beaches Resorts signed in September, and it comes after the July revenue-growth trim to 9% from 10%.
Updated with an SEC 8-K filing · What changed
Updates
· SEC 8-K — Royal Caribbean's Q3 revenue was $5.6 billion, up 9% year over year, with net yields up 0.9% as-reported and load factor of 112%.
At the time of this announcement, RCL was trading at $280.00 on NYSE in the Trade & Services sector, with a market capitalization of approximately $75B. The 52-week trading range was $222.22 to $356.39. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Dow Jones Newswires.