VALENCIA, Calif., March 25, 2025 /PRNewswire/ -- Cunard today announced an exciting partnership with Sail4th 250, the non-profit organization overseeing celebrations in the Port of New York and New Jersey for America's 250th anniversary next year.The collaboration will see the luxury cruise line's flagship Queen Mary 2 – the world's only ocean liner – take pride of place at the heart of the landmark event, offering guests a once-in-a-lifetime vantage point in what promises to be an unforgettable moment in h ...

Carnival Corporation & plc (CCL) reported impressive first-quarter fiscal 2025 results, with earnings and revenues beating the Zacks Consensus Estimate. Both the top and bottom lines increased on a year-over-year basis. This upside was primarily backed by sustained demand strength and robust onboard revenues.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.The company anticipates surpassing its 2026 SEA Change financial targets a year ahead of schedule. For 2025, CCL expects to achie ...

Financial Data and Key Metrics Changes - The company reported a net income exceeding guidance by more than $170 million, driven by strong demand across its portfolio [8][30]. - A yield increase of 7.3% was achieved, surpassing previous guidance, following a 17% yield improvement from the prior year [8][10]. - EBITDA reached $1.2 billion, marking a nearly 40% year-over-year increase, with operating income nearly doubling [9][30]. - Operating and EBITDA margins improved by over 400 basis points year-over-year, now exceeding 2019 levels [9][10]. - The company raised its full-year earnings guidance by $185 million, reflecting strong first-quarter results [10][36]. Business Line Data and Key Metrics Changes - Onboard spending and ticket prices showed broad-based improvement, contributing to the overall yield increase [31][34]. - Customer deposits increased by over $300 million compared to the prior year, driven by improved ticket prices and pre-cruise onboard sales [35]. Market Data and Key Metrics Changes - The company noted strong demand across all core programs, with historical high prices for 2025 bookings [13][24]. - European brands continued to outperform year-over-year in both price and occupancy [34]. Company Strategy and Development Direction - The company is focused on maintaining strong pricing and demand, with no plans to reduce prices despite macroeconomic volatility [24][90]. - Marketing campaigns have been launched across major brands to enhance consideration for cruise travel [14][16]. - The company is investing in enhancing its portfolio, including renovations and expansions in key locations like Alaska and Celebration Key [19][27]. Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the strength of consumer demand, noting that onboard spending growth accelerated compared to previous quarters [64][66]. - The company acknowledged macroeconomic volatility but emphasized its strong booking position and ability to manage through challenges [23][110]. - Future guidance remains optimistic, with expectations for continued yield growth and improved financial metrics [11][44]. Other Important Information - The company has successfully refinanced $5.5 billion of debt, reducing interest expenses and simplifying its capital structure [39][41]. - The average cash interest rate has decreased to 4.6%, with plans to further reduce debt by nearly $5 billion over the next two years [42][43]. Q&A Session Summary Question: Can you provide insights on consumer demand trends since Q4? - Management noted strong bookings and pricing, with historic occupancy levels leading into Wave season [49][50]. Question: How does the yield outlook for the rest of the year look? - Management confirmed that the yield guidance for the remaining quarters is maintained at over 4%, reflecting strong consumer demand [62][65]. Question: Are there any differences in consumer booking behavior between regions? - Management indicated that European brands continue to outperform, but North America is also performing well [85][86]. Question: What cost levers are available if demand weakens? - Management highlighted that the lack of hedging on commodities provides a natural hedge, allowing flexibility in managing costs [123][124]. Question: How is the new marketing strategy impacting customer acquisition? - Management reported a significant increase in first-time cruisers, indicating the effectiveness of the marketing efforts [150][151].

Core Insights - Carnival reported revenue of $5.81 billion for the quarter ended February 2025, reflecting a 7.5% increase year-over-year and surpassing the Zacks Consensus Estimate of $5.74 billion by 1.14% [1] - The company achieved an EPS of $0.13, a significant improvement from -$0.14 in the same quarter last year, resulting in an EPS surprise of 550% compared to the consensus estimate of $0.02 [1] Financial Performance Metrics - Available lower berth days (ALBDs) were reported at 23.6 million, slightly above the average estimate of 23.58 million [4] - The occupancy percentage was 103%, slightly below the estimated 104.4% [4] - Passenger cruise days (PCDs) totaled 24.3 million, compared to the average estimate of 24.68 million [4] - Fuel cost per metric ton consumed was $643, higher than the estimated $632.93 [4] - Net yields per ALBD were $184.95, exceeding the average estimate of $182.16 [4] - Revenues from onboard and other sources reached $1.98 billion, representing a year-over-year increase of 10.5% and surpassing the average estimate of $1.91 billion [4] - Revenues from passenger tickets were $3.83 billion, matching the average estimate and reflecting a 5.9% year-over-year increase [4] Stock Performance - Carnival's shares have returned -13.7% over the past month, compared to a -7.3% change in the Zacks S&P 500 composite [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market in the near term [3]

The page numbering is dependent on the placeholder text boxes on the page layout in the master view, so please DO NOT remove them Reports Record-Setting First Quarter Operating Results Outperforms December Guidance Raises Full Year 2025 Guidance First Quarter 2025 Earnings Presentation Because forward-looking statements involve risks and uncertainties, there are many factors that could cause our actual results, performance or achievements to differ materially from those expressed or implied by our forward-l ...

The cruise line operator posted record revenues and earnings in its fiscal Q1 2025, outpacing expectations.Carnival (CCL -1.13%), the largest cruise line operator in the world, delivered impressive fiscal 2025 first-quarter results on March 21. It recorded $5.81 billion in revenue, surpassing estimates by $64 million (or about 1.1%), and delivered adjusted earnings per share (EPS) of $0.13, far exceeding analysts' consensus expectation of $0.02. With operating income almost doubling year over year to $543 m ...

Carnival (CCL) came out with quarterly earnings of $0.13 per share, beating the Zacks Consensus Estimate of $0.02 per share. This compares to loss of $0.14 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 550%. A quarter ago, it was expected that this cruise operator would post earnings of $0.08 per share when it actually produced earnings of $0.14, delivering a surprise of 75%.Over the last four quarters, the company has surpa ...

Carnival (CCL) Q1 2025 Earnings Call March 21, 2025 10:00 AM ET Company Participants Beth Roberts - Senior Vice President and Investor RelationsJosh Weinstein - President, CEO, Chief Climate Officer & DirectorDavid Bernstein - CFO & CAORobin Farley - Managing DirectorSteven Wieczynski - Managing DirectorC. Patrick Scholes - Managing Director - Lodging & Leisure Equity ResearchDavid Katz - Managing DirectorLizzie Dove - Vice President Equity Research Conference Call Participants Benjamin Chaiken - Equity Ana ...

About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...

Carnival (CCL) Q1 2025 Earnings Call March 21, 2025 10:00 AM ET Company Participants Beth Roberts - Senior Vice President and Investor RelationsJosh Weinstein - President, CEO, Chief Climate Officer & DirectorDavid Bernstein - CFO & CAORobin Farley - Managing DirectorSteven Wieczynski - Managing DirectorPatrick Scholes - Managing Director - Lodging & Leisure Equity ResearchDavid Katz - Managing DirectorLizzie Dove - Vice President Equity Research Conference Call Participants Benjamin Chaiken - Equity Analys ...