ROYAL CARIBBEAN GROUP REPORTS THIRD QUARTER RESULTS ABOVE EXPECTATIONS AND RAISES FULL YEAR GUIDANCE
Royal Caribbean beat its own Q3 guidance with Adjusted EPS of $6.57 (vs $5.75 a year ago) on revenue of $5.6 billion, up 9% year over year, with load factor at 112%. Full-year 2026 Adjusted EPS guidance was raised to $17.85-$17.95, and 2027 bookings are pacing ahead of historical levels at higher rates; the company says it remains on track for its Perfecta goal of a $20-handle Adjusted EPS in 2027. The release also detailed the agreement to acquire a 50% interest in Sandals and Beaches Resorts, expected to close in early 2027 and be immediately accretive under the equity method.
Key figures
- Eps
- 6.45
- Revenue
- 5591000000
- Guidance
- FY2026 Adjusted EPS $17.85-$17.95 (raised); Q4 Adjusted EPS $3.48-$3.58; Q4 Net Yields +4.4% to +4.9% as-reported; FY revenue growth ~9%
- Revenue Yoy
- 9%
- Liquidity
- $7.4 billion
- Net income
- 1735000000
- Load factor
- 112%
- Adjusted eps
- 6.57
- Capex fy2026
- $4.6 billion
- Guests carried
- 2.7 million
- Adjusted ebitda
- 2500000000
- Perfecta target
- 20% Adjusted EPS CAGR 2024-2027, $20-handle Adjusted EPS in 2027
- Adjusted net income
- 1760000000
- Q3 2027 booking growth
- high teens
- Adjusted eps prior year
- 5.75
- Ncc ex fuel per apcd change
- -1.9%
- Net yield growth as reported
- 0.9%
AI analysis
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