Royal Caribbean Beats Profit Expectations

Royal Caribbean announced a significant increase in first-quarter profit and revenue, surpassing analyst projections. The cruise operator disclosed net income of $950 million, or $3.48 per share, a notable rise from the previous year's $730 million ($2.70 per share).

Adjusted earnings reached $3.60 per share, exceeding the consensus estimate of $3.20. Total revenue climbed 11% to $4.45 billion, closely aligning with Wall Street's forecast. Management expressed confidence in achieving another year of double-digit revenue and earnings growth, driven by consumer preference and a strong financial standing.

Looking ahead, Royal Caribbean has guided for second-quarter net yield growth of 0.9% and adjusted earnings between $3.83 and $3.93 per share. For the full fiscal year 2026, the company forecasts net yield growth of 2.3% to 3.3% and adjusted earnings in the range of $17.10 to $17.50 per share. This guidance accounts for increased fuel costs and impacts on Middle Eastern itineraries.