Royal Caribbean Cruises Non-GAAP EPS of $4.38 beats by $0.30, revenue of $4.54B misses by $10M

  • Royal Caribbean Cruises press release (NYSE:RCL): Q2 Non-GAAP EPS of $4.38 beats by $0.30.
  • Revenue of $4.54B (+10.5% Y/Y) misses by $10M.
  • Load factor in the second quarter was 110%.
  • Full Year 2025 Outlook:

    • Net Yields are expected to increase 3.5% to 4.0% as-reported and in Constant Currency.
    • NCC, excluding Fuel, per APCD is expected to increase approximately 0.5% as-reported and 0.3% in Constant Currency.
    • Adjusted EPS is expected to grow approximately 31% year over year and be in the range of $15.41 to $15.55 vs $15.46 consensus

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