Carnival (CCL -0.70%) (CUK -0.59%) is back in business, and its stock returned to market-beater status in 2023. It ended the year up 130%, way ahead of the S&P 500's 24% gain. All systems are go, but can Carnival do a repeat in 2024? Probably not, because the size of the rebound has already been so large. But you might want to buy the stock anyway. Let's see why this is the most important thing to know if you're thinking about buying Carnival stock.Carnival is backCarnival is the world's largest cruise oper ...

The past year saw artificial intelligence-related stocks soar and become market favorites on Wall Street. But some top consumer-oriented companies quietly delivered market-beating gains and still have bright prospects.Three Motley Fool contributors are here to offer timely picks that are poised for more gains in 2024 and beyond. Let's see why they like Carnival (CCL -0.70%), Chipotle Mexican Grill (CMG 0.38%), and Spotify Technology (SPOT -0.45%).The tide is risingJeremy Bowman (Carnival): Carnival, the wor ...

Key PointsRoyal Caribbean, Carnival and Norwegian are among 2023’s top 10 S&P 500 gainers, and also lead the consumer discretionary sector.Pent-up demand for cruising is contributing to the industry's resurgence, as are improved profit margins, efficiencies and customer experience.The Cruise Lines International Association forecasts 36 million passengers in 2024, up from 31.5 million in 2023.5 stocks we like better than Carnival Co. &Perhaps no other industry better exemplifies the “worst to first” phenomen ...

56 Travel Industry Awards Won in 2023FT. LAUDERDALE, Fla., Dec. 28, 2023 /PRNewswire/ -- As the year comes to a close, Princess Cruises continues to be recognized for excellence in a range of categories by prestigious travel organizations around the globe. Within the last two months, the line has received 23 awards for its ships, itineraries, onboard experiences and technology, including a Travel Weekly Reader's Choice Award for Best Cruise Line in Alaska and a Cruise Critic Editor's Pick Award for Best Inn ...

It's been a "love boat" for Carnival Corp. (CCL 0.65%) investors this year. The stock is up 130% in 2023, heading into the final two trading days of the year. The world's leading cruise line operator has made the most of the industry's travel recovery. Can it keep coasting in the right direction in 2024?There will be challenges, of course. However, Carnival is in a great position to keep beating the market in the year ahead. Let's go over some of the reasons the bellwether for cruise line stocks could doubl ...

Carnival Corporation & plc (NYSE:CCL) Q4 2023 Earnings Conference Call December 21, 2023 10:00 AM ET Company Participants Beth Roberts - SVP of IR Josh Weinstein - CEO David Bernstein - CFO Conference Call Participants Steve Wieczynski - Stifel Brandt Montour - Barclays James Hardiman - Citi Jaime Katz - Morningstar Patrick Scholes - Truist Robin Farley - UBS Dan Politzer - Wells Fargo Assia Georgieva - Infinity Research Operator Beth Roberts Good morning. This is Beth Roberts, SVP Investor Relations. Welco ...

Carnival Corporation & plc (NYSE:CCL) Q3 2023 Earnings Conference Call September 29, 2023 10:00 AM ET Company Participants Josh Weinstein - President, Chief Executive Officer and Chief Climate Officer David Bernstein - Chief Financial Officer and Chief Accounting Officer Beth Roberts - Senior Vice President of Investor Relations Conference Call Participants Steven Wieczynski - Stifel Nicolaus Capital Markets Patrick Scholes - Truist Securities Brandt Montour - Barclays Bank PLC Robin Farley - UBS David Katz ...

Financial Performance - Passenger Cruise Days (PCDs) increased to 25.8 million in Q3 2023 from 17.7 million in Q3 2022, representing a 46% increase [124] - Occupancy percentage rose to 109% in Q3 2023 compared to 84% in Q3 2022, indicating a strong demand for cruises [124] - Passenger ticket revenues reached $4.546 billion in Q3 2023, up from $2.595 billion in Q3 2022, a growth of 75% [127] - Onboard and other revenues increased to $2.308 billion in Q3 2023 from $1.711 billion in Q3 2022, a rise of 35% [127] - Operating income for Q3 2023 was $1.624 billion, a significant improvement from an operating loss of $279 million in Q3 2022 [127] - Total revenues for the nine months ended August 31, 2023, were $16.197 billion, compared to $8.329 billion for the same period in 2022, reflecting a 94% increase [127] - The company reported an adjusted EBITDA of $1.624 billion for Q3 2023, compared to an adjusted loss of $279 million in Q3 2022 [127] - Revenues increased by $2.5 billion to $6.9 billion in Q3 2023 from $4.3 billion in Q3 2022, driven by a full fleet in service and higher occupancy levels [129] Operational Metrics - The average fuel consumption per thousand ALBDs improved to 31.1 metric tons in Q3 2023 from 33.4 metric tons in Q3 2022 [124] - Occupancy rates improved to 109% in Q3 2023 compared to 84% in Q3 2022, with ALBDs increasing to 23.7 million from 21.0 million [129] - NAA segment revenues rose by $1.7 billion to $4.6 billion in Q3 2023, with occupancy at 111% compared to 92% in Q3 2022 [130] - Europe segment revenues increased by $0.8 billion to $2.1 billion in Q3 2023, with occupancy at 106% compared to 73% in Q3 2022 [131] Cost Management - Fuel cost per metric ton consumed decreased to $636 in Q3 2023 from $958 in Q3 2022, a reduction of 34% [124] - Operating costs and expenses rose by $0.5 billion to $3.9 billion in Q3 2023, attributed to the resumption of cruise operations and increased occupancy [132] - Fuel costs decreased by $199 million to $468 million in Q3 2023, primarily due to lower fuel prices [133] - Selling and administrative expenses increased by $89 million to $713 million in Q3 2023, driven by higher administrative costs related to cruise operations [134] Cash Flow and Liquidity - Net cash flows from operating activities improved by $4.9 billion to $3.4 billion for the nine months ended August 31, 2023, compared to a net cash outflow of $1.6 billion in the same period in 2022 [148] - As of August 31, 2023, the company had $5.7 billion in liquidity, including $2.8 billion in cash and cash equivalents [145] - The working capital deficit increased to $6.3 billion as of August 31, 2023, compared to $3.1 billion as of November 30, 2022, primarily due to a decrease in cash and an increase in customer deposits [146] Debt Management - The company repaid $200 million of short-term borrowings and $6.8 billion of long-term debt [153] - Debt issuance costs amounted to $116 million, while debt extinguishment costs were $67 million [153] - The company issued $3.0 billion of long-term debt and net proceeds of $1.2 billion from a public offering of common stock [153] - The composition of the company's debt as of August 31, 2023, included 63% fixed rate and 5% floating rate [154] - The company had 17% of its debt in EUR fixed rate and 15% in EUR floating rate [154] - Net repayments of short-term borrowings totaled $114 million, with an additional $1.1 billion of long-term debt repaid [153] - The company raised $89 million from the issuance of common stock and purchased $82 million of ordinary shares under its Stock Swap Program [153] - The company continues to maintain its hedging strategies with no material changes in market risk exposure since the 2022 Form 10-K [153] - The company’s financial strategy includes managing interest rate risks through swaps [154] - The overall debt management strategy reflects a significant focus on long-term debt issuance and repayment [153] Future Outlook - The company anticipates continued pressure on profitability due to rising fuel prices and inflationary pressures [123]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended May 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to | Commission file number: 001-9610 | | Commission file number: 001-15136 | | --- | --- | --- | | Carnival Corporation | | Carnival plc | | (Exact name of reg ...

Carnival Corporation & plc (NYSE:CCL) Q2 2023 Earnings Conference Call June 26, 2023 10:00 AM ET Company Participants Josh Weinstein - President and Chief Executive Officer and Chief Climate Officer David Bernstein - Chief Financial Officer Beth Roberts - Senior Vice President, Investor Relations Conference Call Participants Robin Farley - UBS Steve Wieczynski - Stifel James Hardiman - Citi Fred Wightman - Wolfe Research Jamie Katz - Morningstar Matthew Boss - JP Morgan Patrick Scholes - Truist Securities D ...