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Carnival (GB:CCL)
LSE:CCL
Earnings Data
Report Date
Jun 19, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
18.3Last Year’s EPS
8.7Same Quarter Last Year
Based on 3 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Mar 21, 2025
|% Change Since: 1.10%
|Next Earnings Date:Jun 19, 2025
Earnings Call Sentiment|Positive
The earnings call indicated strong financial performance and positive future outlooks, driven by record-breaking revenue and booking trends. Despite acknowledging macroeconomic and geopolitical challenges, the company has taken steps to mitigate risks and enhance operational efficiency. Overall, the sentiment is positive due to the outweighing highlights.Company Guidance
In the recent earnings call, Carnival Corporation & plc highlighted a robust first quarter of 2025, showcasing significant financial achievements. The company reported a remarkable first-quarter revenue, with EBITDA reaching $1.2 billion, marking a nearly 40% year-over-year increase. Operating margins and EBITDA margins also improved by over 400 basis points compared to the previous year, surpassing 2019 levels. Notably, net income exceeded guidance by over $170 million, thanks to strong consumer demand, which led to a 7.3% yield increase. Carnival also raised its full-year yield guidance by 0.5 points to 4.7%, driven by the quarter’s performance. Additionally, the company’s refinancing efforts are expected to bring approximately $100 million to the bottom line this year, contributing to an increase in earnings guidance for the year by $185 million. Looking ahead, Carnival remains optimistic about 2025, expecting yield growth to significantly outpace historical rates and contribute approximately $600 million incrementally to the bottom line, with limited capacity growth. The company is also on track to achieve its 2026 SeaChange financial targets a year early, with ROIC reaching 12% and EBITDA per ALBD more than 50% higher than two years ago.Record-Breaking Revenue and Growth
The company hit first-quarter high watermarks for revenue, EBITDA, operating income, and customer deposits. Net income was $170 million better than guidance, with a robust 7.3% yield increase, and EBITDA reached $1.2 billion, a 40% year-over-year increase.
Strong Demand and Booking Trends
The company achieved historical high prices across all core programs for 2025, with booking volumes for 2026 sailings and beyond reaching an all-time high. Over 80% of the year was on the books at higher prices, with the booking curve farther out on record.
Positive Financial Outlook and Deleveraging Efforts
The company increased its earnings guidance for the year by $185 million, expecting a 30% improvement from 2024. Refinancing efforts are expected to reduce debt by nearly $5 billion over two years, with significant interest expense savings.
Environmental and Operational Achievements
The company is closing in on its 2026 greenhouse gas target with a 19% reduction in carbon intensity compared to 2019. The opening of new destinations like Celebration Key is on track for July, contributing to future growth.
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GB:CCL Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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GB:CCL Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Mar 21, 2025 | 1450.50p | 1449.00p | -0.10% |
| Dec 20, 2024 | 1821.00p | 1887.00p | +3.62% |
| Sep 30, 2024 | 1271.50p | 1218.00p | -4.21% |
| Jun 25, 2024 | 1144.00p | 1251.00p | +9.35% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Carnival (GB:CCL) report earnings?
Carnival (GB:CCL) is schdueled to report earning on Jun 19, 2025, TBA Not Confirmed.
What is Carnival (GB:CCL) earnings time?
Carnival (GB:CCL) earnings time is at Jun 19, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is the P/E ratio of Carnival stock?
The P/E ratio of Carnival is N/A.
What is GB:CCL EPS forecast?
GB:CCL EPS forecast for the fiscal quarter 2025 (Q2) is 18.3.
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