Royal Caribbean is sailing smoothly into 2024, CFO outlines

02/02/2024 04:51
Royal Caribbean is sailing smoothly into 2024, CFO outlines

Royal Caribbean Cruises (RCL) reported its fourth-quarter earnings with mixed results as the company missed Wall Street expectations of $3.36 billion in revenue, posting only $3.3 billion. The company did beat Wall Street expectations with reported adjusted earnings of $1.25 per share for the quarter, ahead of estimates of $1.13 per share. The company released its forecast for the fiscal year, claiming 2024 adjusted profits between $9.50 and $9.70 per share. The global cruise operator's "Icon of the Seas" — the world's largest cruise liner — set sail on its maiden voyage in late January. Royal Caribbean CFO Naftali Holtz joins Yahoo Finance to discuss the company's quarterly results, US and international travel demand, and overall performance moving forward. Holtz comments on international demand through geopolitical events: "We see continued strong demand across the board. Obviously the American consumer has been exceptionally strong, we continue to see that in some of our Caribbean itineraries. But even when we look into other areas around the world when we sell and the guests that we are sourcing from, we [are] seeing really strong booking trends, again, volume and prices across all our key itineraries, Caribbean, Europe, Alaska, etc... It really just speaks to the demand from across the board." For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Nicholas Jacobino

Royal Caribbean Cruises (RCL) reported its fourth-quarter earnings with mixed results as the company missed Wall Street expectations of $3.36 billion in revenue, posting only $3.3 billion. The company did beat Wall Street expectations with reported adjusted earnings of $1.25 per share for the quarter, ahead of estimates of $1.13 per share. The company released its forecast for the fiscal year, claiming 2024 adjusted profits between $9.50 and $9.70 per share.

The global cruise operator's "Icon of the Seas" — the world's largest cruise liner — set sail on its maiden voyage in late January.

Royal Caribbean CFO Naftali Holtz joins Yahoo Finance to discuss the company's quarterly results, US and international travel demand, and overall performance moving forward.

Holtz comments on international demand through geopolitical events: "We see continued strong demand across the board. Obviously the American consumer has been exceptionally strong, we continue to see that in some of our Caribbean itineraries. But even when we look into other areas around the world when we sell and the guests that we are sourcing from, we [are] seeing really strong booking trends, again, volume and prices across all our key itineraries, Caribbean, Europe, Alaska, etc... It really just speaks to the demand from across the board."

For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.

Editor's note: This article was written by Nicholas Jacobino

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