CCL Misses Revenue

Carnival Corp. (NYSE: CCL ) stock fell Tuesday after the cruise operator reported second-quarter results that topped earnings expectations but missed on revenue. The company also issued third-quarter guidance below Wall Street estimates, offsetting a slight increase to its full-year profit outlook. 692 billion.

Adjusted earnings came in at 41 cents per share, topping the consensus estimate of 35 cents. GAAP diluted earnings were 39 cents per share. 328 billion a year earlier. Net income attributable to Carnival declined to $537 million from $565 million.

582 billion. 224 billion. 9% because of higher fuel prices. 2%.

6%, helping offset a nearly 30% increase in fuel prices. 3 million. 4 million. Carnival said it is 93% booked for 2026, with less inventory available than at the same point last year.

Cost Controls Offset Yield Pressure During the earnings call, management said volatility in the Middle East reduced yield growth by about one percentage point compared with prior guidance, creating an operational impact of roughly 14 cents per share that was concentrated in Europe. The company said it chose to accept lower occupancy in Europe rather than discount fares to fill ships. Management added that the second-quarter earnings beat was driven largely by cost discipline. Cruise costs excluding fuel per ALBD came in about 250 basis points better than guidance, and the company expects those savings to be structural.

Looking ahead, Carnival said 2027 European bookings are up in the mid-teens at higher prices, while overall bookings are at historical highs for both occupancy and pricing. Carnival Outlook And Balance Sheet Customer deposits reached a record $9 billion, more than $450 million above the previous high. 629 billion, while capital expenditures were $875 million. 889 billion in debt.

1 times. 21. 25. 11 billion.

42. The company said its full-year outlook reflects elevated logistics costs related to disruptions from the Middle East conflict. 54 at the time of publication on Tuesday, Photo via Shutterstock Read Also: Middle East Conflict Could Derail Global Recovery, Warns IMF: These Are The Countries Set To Get Hit Hardest