Overview
- Royal Caribbean reported a second‑quarter beat on Tuesday with $4.83 billion in revenue and adjusted EPS of $4.21, topping analyst estimates.
- The cruise line raised full‑year adjusted EPS guidance to $17.73–$17.87 per share from $17.10–$17.50, citing stronger than expected results and a firmer back half outlook.
- Management trimmed the company’s full‑year revenue growth target to about 9% from about 10% after it factored in a modest booking hit on select itineraries tied to ongoing geopolitical activity in the Middle East.
- Quarterly fuel expense climbed roughly 27% year over year to $355 million, and the company slightly lowered its full‑year fuel cost forecast to about $1.34 billion as higher oil prices pressure operating costs.
- Royal Caribbean said consumer demand remains resilient, with 2027 bookings pacing ahead of historical norms, and analysts point to strong pricing, onboard spend and fleet expansion as reasons the company is outperforming peers.