Carnival PLC
CCL
ISIN GB0031215220 / Valor 1577109
Carnival PLC
UMushroom community rating:
About company
Carnival PLC, founded in 1972 by Ted Arison, has grown to become one of the largest leisure travel companies globally. The company, which officially became Carnival Corporation in 1994, operates 12 well-known brands in the cruise industry, including Carnival Cruise Lines, Holland America Line, Seabourn, Costa Cruises, and Cunard Line. Carnival's success can be attributed to its innovative approach to cruise ship design and onboard experience, as well as its strategic acquisitions over the years. With representation in various market segments, Carnival PLC has established itself as a key player in the cruise industry, offering a wide range of cruise experiences to customers worldwide.
Summarized from source with an LLMView SourceSector: Consumer ServicesLatest Results (20.08.2024):
Net Income Improvement
Carnival PLC reported a significant improvement in net income for the second quarter of 2024, with a net income of $92 million, or $0.07 diluted EPS. This marks an increase of nearly $500 million compared to the same period in 2023. Adjusted net income was $134 million, or $0.11 adjusted EPS, outperforming March guidance by nearly $170 million.
Record Operating Income
The second quarter of 2024 saw Carnival PLC achieve a record operating income of $560 million, which is nearly five times the operating income reported in the second quarter of 2023. This substantial increase underscores the company's improved operational efficiency and strong market demand.
Revenue Growth
Carnival PLC reported record second quarter revenues of $5.8 billion for 2024. This impressive revenue figure was driven by higher ticket prices and increased onboard spending, significantly exceeding the revenue levels of the second quarter of 2023.
Customer Deposits
Total customer deposits for Carnival PLC reached an all-time high of $8.3 billion in the second quarter of 2024. This figure surpasses the previous record by $1.1 billion, indicating strong future booking trends and customer confidence in the company's offerings.
2024 Outlook
For the full year 2024, Carnival PLC has raised its net yield guidance to approximately 10.25 percent, reflecting continued strong demand. The company also increased its full-year adjusted net income guidance by approximately $275 million, projecting adjusted net income of around $1.55 billion. This optimistic outlook is supported by historical occupancy levels and robust booking trends.
Summarized from source with an LLMView SourceKey figures
Performance
Volatility
3363 M
Market cap (USD)
620,784
Daily traded volume (Shares)
19.89 / 18.29
1 day high/low (USD)
52 weeks high/low (USD)
Dividend ex-date
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EPS (USD)
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Ratings & reviews
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