Form 8-K · Current Report · Filed 2024-02-01
Royal Caribbean Group Reports 2023 Results and Expects Record Earnings in 2024 on Strong Demand
Royal Caribbean Cruises Ltd. reported its 2023 Earnings per Share (EPS) of $6.31 and Adjusted EPS of $6.77, better than the company's guidance, driven by stronger close-in demand. The company anticipates Adjusted EPS to grow to the range of $9.50 to $9.70 in 2024, with record bookings and higher net yields. The company also expects net yields to increase by 5.25% to 7.25% and net cruise costs (excluding fuel) to rise by 3.75% to 4.25% in constant currency. Royal Caribbean expects to achieve two of its Trifecta goals in 2024, achieving triple-digit EBITDA per Available Passenger Cruise Day (APCD) and ROIC in the teens one year earlier than prior expectations.
- Filer
- Royal Caribbean Group RCL · NYSE
- Filed
- Accession
- 0000884887-24-000003
- CIK
- 0000884887
- Signal
- High impactConsumer Cyclical
- Source
- Official filing on sec.gov ↗
Items reported
Results of Operations and Financial Condition
Financial Statements and Exhibits
Market reaction
Close before filing
$127.50
Next session
-3.2%
Since filing
+149.6%
Latest close
$318.30
What happened, not what will happen — closing prices around the filing date.
Exhibits (1)
About Royal Caribbean Group
Royal Caribbean Group is a prominent player in the global cruise industry, operating a diverse range of brands including Royal Caribbean International, Celebrity Cruises, and Silversea Cruises. The company is renowned for providing innovative and luxurious cruise experiences, often integrating cutting-edge technology and exceptional amenities to elevate passenger comfort and entertainment. Royal Caribbean Group offers itineraries to destinations worldwide, serving various demographics from adventure seekers to luxury travelers. With a strong emphasis on expanding its fleet with environmentally friendly and technologically advanced ships, the company plays a vital role in setting industry standards for sustainability and customer satisfaction. Headquartered in Miami, Florida, Royal Caribbean Group significantly contributes to tourism sectors across numerous regions, impacting local economies through its robust network of ports and services. Its strategic focus on personalized experiences and destination-rich voyages underscores its influence in reshaping the contemporary cruising landscape.
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