What changed
RCL reported Q2 Adjusted EPS of $4.21, above its own guidance, driven by strong close-in demand and lower costs. Revenue rose 6% YoY to $4.8B, with Net Yields up 1.9% as-reported. Full-year Adjusted EPS guidance was raised to $17.73-$17.87, implying ~14% YoY growth. The market may miss that the beat was partly aided by favorable joint venture performance and cost controls, while geopolitical impacts on select itineraries are already embedded in the raised outlook.
Why it matters
RCL reported Q2 Adjusted EPS of $4.21, above its own guidance, driven by strong close-in demand and lower costs. Revenue rose 6% YoY to $4.8B, with Net Yields up 1.9% as-reported. Full-year Adjusted EPS guidance was raised to $17.73-$17.87, implying ~14% YoY growth. The market may miss that the beat was partly aided by favorable joint venture performance and cost controls, while geopolitical impacts on select itineraries are already embedded in the raised outlook.