ROYAL CARIBBEAN GROUP REPORTS THIRD QUARTER RESULTS ABOVE EXPECTATIONS AND RAISES FULL YEAR GUIDANCE
Key Highlights
- ➤Adjusted EPS $6.57, above guidance, driven by strong close-in demand and lower timing-related costs
- ➤Full-year 2026 adjusted EPS raised to $17.85-$17.95
- ➤Third-quarter revenue reached $5.6 billion, up 9% year over year
- ➤2027 bookings up high teens, pacing ahead of historical levels at higher rates
- ➤50% Sandals and Beaches investment expected immediately accretive, closing early 2027
Expert Statements
Jason Liberty, Chairman and CEO of Royal Caribbean Group
“Our third quarter results reflect continued strong consumer demand for our vacation experiences and the accelerated momentum across our industry leading brands.”
Jason Liberty, Chairman and CEO of Royal Caribbean Group
“Our strategy to turn the vacation of a lifetime into a lifetime of vacations is propelling our business by leveraging our leading brands, differentiated experiences, loyalty platform and technology capabilities to deepen guest relationships, increase vacation frequency and capture a greater share of the growing global vacation market. Taking further advantage of our leading vacation platform, the recently announced partnership with Sandals and Beaches Resorts is intended to drive significant shareholder value as we expand our vacation ecosystem, giving guests more ways to vacation with us across more occasions.”
Jason Liberty, Chairman and CEO of Royal Caribbean Group
“Demand for our leading vacation experiences remains strong, and while it is still early, 2027 bookings are pacing ahead of historical levels at higher rates.”
Jason Liberty, Chairman and CEO of Royal Caribbean Group
“2027 also marks the final year of our Perfecta target period. The underlying business is performing well ahead of our initial expectations, and based on the forward fuel curve, we remain on track to achieve our Perfecta goals of delivering 20% Adjusted EPS CAGR from 2024 through 2027, or a $20-handle in 2027. We are currently already above our ROIC target.”
Jason Liberty, Chairman and CEO of Royal Caribbean Group
“Our mission is to deliver the best vacation experiences responsibly. Sandals and Beaches Resorts extend our platform into an attractive adjacent category, unlocking more ways to deliver on that mission.”
Jason Liberty, Chairman and CEO of Royal Caribbean Group
“Underpinned by the strength and significant growth opportunities of our core business, this investment accelerates our strategy to capture a greater share of the rapidly growing vacation market. By bringing together Sandals and Beaches' hospitality and Caribbean expertise with our global commercial reach, loyalty and technology capabilities, we see meaningful opportunities to reach new guests, increase vacation frequency, and leverage our combined scale to create additional synergies and value over time.”
ROYAL CARIBBEAN GROUP REPORTS THIRD QUARTER RESULTS ABOVE EXPECTATIONS AND RAISES FULL YEAR GUIDANCE PR Newswire
MIAMI, Oct. 27, 2026 /PRNewswire/ -- Royal Caribbean Group (NYSE: RCL) today reported third quarter Earnings per Share ("EPS") of $6.45 and Adjusted EPS of $6.57. These results were better than the company's guidance, driven by strong close-in demand and lower costs due to timing. The company now expects full year Adjusted EPS to be in the range of $17.85 to $17.95. The increase in earnings expectations reflects the stronger-than-expected third quarter performance partially offset by higher than anticipated fuel costs (based on current at-the-pump rates) and currency exchange rates.
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