Royal Caribbean Q2 profit beats estimates, lifts outlook
RCL•What drove the quarter
- Close-in demand - Net yield growth exceeded company guidance, driven by stronger than expected close-in demand.
- Favorable cost timing - Better-than-expected cost performance was primarily driven by favorable timing of expenses.
- Joint venture performance - Favorable performance from joint ventures contributed to results.
Full-year outlook raised
Royal Caribbean raises full-year 2026 adjusted EPS guidance to $17.73-$17.87.
The company expects Q3 2026 adjusted EPS of $6.26-$6.36.
It anticipates full-year 2026 revenue growth of 9% and net yields up 2.35%-2.85%.
Analyst coverage and valuation
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 23 "strong buy" or "buy", 9 "hold" and no "sell" or "strong sell".
The average consensus recommendation for the hotels, motels & cruise lines peer group is .
