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Carnival raises annual profit forecast on resilient cruise demand, high costs loom
Yahoo Financeยท 2025-09-29 13:29
Group 1 - Carnival Corp raised its annual profit forecast, driven by strong demand and increased onboard spending and ticket pricing for cruise vacations [1][2] - The company reported adjusted profit per share of $1.43 for the quarter ended August 31, exceeding analysts' estimates of $1.32 [3] - Carnival's quarterly sales reached $8.15 billion, surpassing analysts' expectations of $8.10 billion [3] Group 2 - Carnival has invested $600 million in Celebration Key, a private resort destination on Grand Bahama, to enhance its competitive position [2] - Bundled packages that include perks like drinks, Wi-Fi, and excursions have led to increased onboard spending, contributing to higher revenue for cruise lines [2] - The company forecasts fiscal 2025 adjusted earnings per share of approximately $2.14, an increase from previous expectations of about $1.97 [2]