Business · Companies · 5 hrs ago
Royal Caribbean raises 2026 earnings outlook after strong third quarter
Royal Caribbean Group reported strong third-quarter results for the three months ending September 2026.
Revenue reached $5.6 billion, up 9% from a year earlier, while adjusted earnings were $6.57 per share.
The company said strong demand, especially for late-booked trips, helped results beat its own guidance.
It also reported lower costs, partly because some expenses shifted into the fourth quarter.
Royal Caribbean raised its full-year adjusted earnings forecast to $17.85–$17.95 per share, while noting higher fuel costs and currency rates.
The company said bookings for 2027 are ahead of historical levels and at higher prices.
The updated outlook gives investors a higher earnings target as the company heads into the rest of 2026.
Royal Caribbean Group raised its 2026 adjusted earnings per share outlook to $17.85-$17.95 after reporting third-quarter results above its guidance.
Third-quarter revenue was $5.6 billion, up 9% from a year earlier.
Adjusted EPS was $6.57, while reported EPS was $6.45.
The company said strong close-in demand and lower costs due to expense timing drove the results.
It cited stronger-than-expected third-quarter performance as partly offset by higher expected fuel costs and currency exchange rates in its raised outlook.
- Who
- Royal Caribbean Group.
- What
- It reported third-quarter results above its guidance and raised its full-year 2026 adjusted EPS outlook to $17.85-$17.95.
- When
- October 27, 2026.
- Where
- Not stated.
- Why
- Strong close-in demand and lower costs due to timing supported its third-quarter results. Higher anticipated fuel costs and currency exchange rates partly offset the stronger performance in the revised outlook.
This story does not have two clearly opposing sides.
Royal Caribbean Group announced an agreement to acquire a 50% interest in Sandals and Beaches Resorts.
The company reported third-quarter results and raised its 2026 adjusted EPS outlook.
- Third-quarter revenue
- $5.6 billion, up 9% year over year
- Third-quarter adjusted EPS
- $6.57
- Third-quarter reported EPS
- $6.45
- 2026 adjusted EPS outlook
- $17.85-$17.95
- Third-quarter load factor
- 112%
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What people are saying
Our third quarter results reflect continued strong consumer demand for our vacation experiences and the accelerated momentum across our industry leading brands.
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.