Royal Caribbean raised its full-year adjusted earnings per share guidance to a range of $17.73 to $17.87, up from a prior range of $17.10 to $17.50, even as it lowered its full-year revenue growth forecast from 10% to 9%. The cruise operator reported second-quarter revenue of $4.83 billion, matching estimates and up 6% from a year ago, while adjusted earnings per share fell to $4.21 from $4.38 but still beat the consensus estimate of $3.98. The company cited a challenging geopolitical environment, including the war in Iran and higher fuel costs, as factors weighing on results. Royal Caribbean is targeting 20% compound annual earnings growth through 2027 under its Perfecta program, and CFO Naftali Holtz said consumer demand remains strong with bookings at record prices.
Royal Caribbean Cruises LtdRaised full-year adjusted EPS guidance despite lower revenue forecast, and beat Q2 earnings estimates.