Royal Caribbean Group Q3 2024 Earnings Report: Insights on RCL Stock Performance
Royal Caribbean Group Q3 2024 Earnings Report
Royal Caribbean Group (NYSE: RCL) has announced its Q3 2024 earnings, showcasing remarkable financial performance. The company reported a net income of $1.11 billion or $4.21 per share, compared to $1.01 billion or $3.65 per share in the same quarter last year.
Revenue Growth
Total revenues surged to $4.89 billion for the September quarter, up from $4.16 billion year-over-year.
Operational Metrics
- Gross Margin Yields: Increased by 13.4% as reported.
- Net Yields: Rose by 7.9% in constant currency.
- Load Factor: Reached 111%.
- Gross Cruise Costs: Increased by 1.3% per available passenger cruise days (APCD).
Future Guidance
Management anticipates net yields to increase by 10.8% to 11.3% in constant currency for fiscal 2024. Additionally, full-year adjusted EPS is expected to grow by 71% year-over-year, projecting a range of $11.57 to $11.62.
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