Carnival raises annual profit forecast as demand grows
CCL•Carnival raised its full-year adjusted earnings forecast to about $2.24 per share from $2.22 and said it expects strong booking trends for 2027. Quarterly revenue was $8.44 billion, above analysts’ $8.30 billion estimate.
1. Higher earnings forecast
Carnival now expects full-year adjusted earnings of about $2.24 per share, compared with its prior forecast of about $2.22. The company also said it expects strong booking trends for 2027.
2. Revenue and bookings
Quarterly revenue reached $8.44 billion, beating analysts’ average estimate of $8.30 billion. CEO Josh Weinstein said booking volumes were meaningfully ahead of last year and far outpaced capacity growth.
3. Demand and pricing
Carnival said affluent travelers continue to prioritize experiences, including sea voyages and bucket-list adventures, despite an uncertain environment stemming from the ongoing Middle East conflict. The company has raised ticket prices and increased sales of pre-cruise perks to cushion elevated fuel costs and higher investments.
