Core Insights - Carnival Corporation & plc (CCL) reported strong fourth-quarter fiscal 2025 results, with adjusted earnings exceeding estimates while revenues fell slightly short [1][4][9] Financial Performance - Adjusted earnings per share (EPS) for Q4 was 34 cents, surpassing the Zacks Consensus Estimate of 25 cents, and up from 14 cents in the same quarter last year [4][9] - Revenues for the quarter reached $6.33 billion, a 6.6% increase year-over-year, but below the consensus estimate of $6.36 billion [4][9] - Adjusted net income rose over 60% to $454 million compared to $186 million in the prior-year quarter [6][9] - Adjusted EBITDA for the quarter was $1.48 billion, up from $1.22 billion year-over-year [6] Operational Highlights - Passenger ticket revenues increased to $4.05 billion from $3.85 billion in the prior-year quarter, aligning with estimates [5] - Onboard and other revenues grew to $2.27 billion from $2.08 billion year-over-year, also exceeding estimates [5] Balance Sheet and Liquidity - As of November 30, 2025, cash and cash equivalents stood at $1.9 billion, up from $1.2 billion in the prior-year period, with total liquidity of $6.4 billion [7] - Total debt decreased to $26.64 billion from $27.48 billion year-over-year [7] Future Outlook - The company anticipates continued momentum into fiscal 2026, projecting double-digit earnings growth and return on invested capital to exceed 13.5% [3][9] - For Q1 fiscal 2026, adjusted EBITDA is expected to be approximately $1.24 billion, with adjusted net income near $235 million and adjusted EPS of 17 cents [13] - For the full fiscal 2026, adjusted EBITDA is projected at approximately $7.63 billion, with adjusted net income anticipated to be nearly $3.5 billion and adjusted EPS of $2.48 [13] Booking and Demand Trends - Strong booking momentum is evident, with two-thirds of capacity for the upcoming year already secured at higher prices [8][10] - Total customer deposits as of November 30, 2025, were $7.25 billion, up from $6.77 billion in the previous quarter [11]

Core Insights - Dillard's Inc. reported second-quarter fiscal 2025 results with earnings per share (EPS) of $4.66, exceeding the Zacks Consensus Estimate of $3.79, and a year-over-year increase of 1.5% from $4.59 [1][9] - Net sales reached $1.514 billion, reflecting a 1.6% increase from the prior-year quarter, aligning closely with consensus estimates [2][9] - The company's stock price rose approximately 3.4% following the earnings announcement, indicating strong investor confidence [3] Financial Performance - Total retail sales, excluding CDI Contractors, increased by 1.5% year over year to $1.447 billion, with comparable store sales also rising by 1% [5][9] - The consolidated gross margin contracted by 100 basis points year over year to 36.6%, with retail gross margin at 38.1%, also down 100 basis points [6] - Selling, general and administrative expenses (SG&A) as a percentage of sales decreased to 28.7%, down 40 basis points from the prior-year quarter, with total SG&A expenses increasing by 0.1% year over year to $434.2 million [10][11] Cash Flow and Shareholder Returns - Dillard's ended the quarter with cash and cash equivalents of $1.012 billion and long-term debt of $225.6 million, alongside total shareholders' equity of $1.919 billion [12] - The company repurchased 24,500 shares for $9.8 million at an average price of $398.7 per share, with $165.2 million remaining under its current share repurchase authorization [13] Future Outlook - Dillard's forecasts capital expenditure of $120 million for fiscal 2025, an increase from $105 million in fiscal 2024 [14] - The company expects depreciation and amortization expenses of $180 million and projects interest and debt income of $7 million for fiscal 2025 [15]