Royal Caribbean Cruises Through Q1 As Demand And Pricing Remains High
Portfolio Pulse from Shivani Kumaresan
Royal Caribbean Cruises Ltd (NYSE:RCL) reported a significant first-quarter 2024 revenue growth of 29.2% year-over-year to $3.73 billion, surpassing analyst expectations. The company saw a 34% increase in passenger ticket revenues and a 175% jump in operating income, leading to a raised FY24 EPS guidance from $9.50-$9.70 to $10.70-$10.90. The occupancy rate was 107%, and the company expects net yields to increase by 9% to 10% for FY24.
April 25, 2024 | 3:33 pm
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Royal Caribbean Cruises Ltd reported a strong Q1 2024 performance with revenue growth, increased operating income, and raised FY24 EPS guidance, indicating robust demand and operational efficiency.
The positive earnings report and raised guidance reflect strong demand and operational efficiency, likely leading to increased investor confidence and potential stock price appreciation in the short term.
CONFIDENCE 90
IMPORTANCE 95
RELEVANCE 100