| (USD) | Mar 2024 | Q/Q |
|---|---|---|
| Revenue | 3.7B | +12% |
| Gross Profit | 1.7B | - |
| Cost Of Revenue | 2.1B | +9% |
| Operating Income | 750MM | +32% |
| Operating Expenses | 922MM | - |
| Net Income | 360MM | +30% |
| G&A | 535MM | +6% |
| Amortization | 387MM | +5% |
| Interest Expense | 424MM | +23% |
Short Volume Ratio = Short Volume / All Volume. Source of Short Volume data comes from
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Royal Caribbean's (RCL) first-quarter 2024 performance benefits from robust cruising demand, strong pricing and strength in onboard spending.
Royal Caribbean stock sailed higher Thursday after the cruise operator beat earnings expectations and hiked full-year profit guidance. The cruise operator reported adjusted earnings of $1.77 a share, sailing better than analysts’ expectations of $1.33. “Demand for our leading brands and the incredible experiences they deliver continues to be very robust, resulting in outperformance in the first quarter, a further increase of full year earnings guidance, and 60% expected earnings growth year o...
While the top- and bottom-line numbers for Royal Caribbean (RCL) give a sense of how the business performed in the quarter ended March 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Royal Caribbean hiked its full-year earnings outlook after Q1 results cleared forecasts. RCL stock advanced higher in a buy zone.
Q1 2024 Financial Performance Review
Royal Caribbean (RCL) delivered earnings and revenue surprises of 35.11% and 1.24%, respectively, for the quarter ended March 2024. Do the numbers hold clues to what lies ahead for the stock?
Cruise vacation company Royal Caribbean (NYSE:RCL) reported Q1 CY2024 results beating Wall Street analysts' expectations, with revenue up 29.2% year on year to $3.73 billion. It made a non-GAAP profit of $1.77 per share, improving from its loss of $0.23 per share in the same quarter last year.
(Reuters) -Royal Caribbean Group on Thursday raised its annual profit forecast for a second time, after record bookings during the first quarter and higher ticket pricing boosted its results, sending its shares 4% higher premarket. Soaring demand for vacations at sea has given cruise operators ample room to raise ticket prices as the industry looks to close the pricing gap between more expensive land-based holidays and give their profits a lift. Royal Caribbean also beat expectations for quart...
Royal Caribbean Group (NYSE: RCL) today reported first quarter Earnings per Share ("EPS") of $1.35 and Adjusted EPS of $1.77. These results were better than the company's guidance due to stronger pricing on close-in demand, strength in onboard revenue and favorable timing of expenses. As a result of an exceptional WAVE season and continued strength in demand, the company is increasing 2024 Adjusted EPS guidance to $10.70 - $10.90 per share.
It was a bumper 2023 for the industry and the company has even greater expectations for this year. The stock, however, is yet to reflect that optimism.