Carnival Q1 beats estimates
Carnival reported Q1 revenue of $6.17 billion — up 6.1% year‑on‑year — and GAAP EPS of $0.20 versus a $0.18 estimate, yet the stock slipped about 4% on fuel worries. The company warned fuel pressure could cost roughly $0.38 per share this year but still raised its FY EPS outlook to $2.21. (x.com)
Carnival reported a record adjusted EBITDA of $1.3 billion and net income of $258 million, with adjusted net income of $275 million for the quarter. (carnivalcorp.com) Management said its updated outlook includes roughly $150 million of operational improvement versus December guidance, which the company says partially offsets higher fuel and currency impacts. (carnivalcorp.com) The company introduced a multi‑year “PROPEL” plan that targets a return on invested capital above 16%, more than 50% adjusted EPS growth versus 2025, and distribution of over 40% of operating cash flow (about $14 billion) to shareholders, and it authorized an initial $2.5 billion share‑repurchase program. (marketchameleon.com) Carnival’s guidance embeds specific Brent crude assumptions — roughly $90/barrel for April–May, $85 for Q3 and $80 for Q4 — and management said a 10% change in fuel costs would move results by about $0.11 per share. (quartr.com) Demand indicators were strong: bookings for 2026 were reported up double digits, customer deposits ran near $7.9 billion, net yields rose about 2.7% in constant currency, cruise costs excluding fuel per ALBD increased roughly 5.3%, and fuel consumption fell about 4.7% year‑over‑year. (carnivalcorp.com)
