Carnival Corporation plc
CCL
$25.87 0.19%
Exchange: NYSE | Sector: Consumer Cyclical | Industry: Leisure
Q1 2024
Published: Mar 27, 2024

Earnings Highlights

  • Revenue of $5.41B up 22% year-over-year
  • EPS of $-0.17 increased by 69.1% from previous year
  • Gross margin of 20.1%
  • Net income of -214.00M
  • "We delivered record revenues, record bookings and record customer deposits again this quarter, a great start to the year." - Josh Weinstein
CCL
Carnival Corporation plc

Executive Summary

Carnival Corporation plc (CCL) reported impressive first quarter results for 2024, achieving record revenues of $5.41 billion, representing a 21.95% year-over-year increase. The cruise operator continues to see outstanding demand across its brands, evidenced by an over 17% year-over-year surge in pricing and occupancy rates significantly higher compared to previous periods. Despite a net loss of $214 million, management's insights on solid bookings and customer deposits reaching unprecedented levels underscore a robust recovery trajectory. The company's improved guidance reflects confidence in its strategies to strengthen cash flows and enhance operational efficiencies moving forward.

Key Performance Indicators

Revenue
Increasing
5.41B
QoQ: 0.19% | YoY: 21.95%
Gross Profit
Decreasing
1.09B
20.10% margin
QoQ: -38.43% | YoY: -3.03%
Operating Income
Increasing
275.00M
QoQ: -28.39% | YoY: 287.07%
Net Income
Increasing
-214.00M
QoQ: -345.83% | YoY: 69.12%
EPS
Increasing
-0.17
QoQ: -347.37% | YoY: 69.09%

Revenue Trend

Margin Analysis

Historical Earnings Comparison

PeriodRevenue ($M)EPS ($)YoY GrowthReport
Q4 2024 5,938.00 0.27 +10.0% View
Q3 2024 7,896.00 1.26 +15.2% View
Q2 2024 5,781.00 0.07 +17.7% View
Q1 2024 5,406.00 -0.17 +22.0% View
Q4 2023 5,396.00 -0.04 +40.6% View