Carnival Corp Q1 2026 Results: $2.5B Buyback and 85% Booking Rate
Published on · Source: finance.yahoo.com
AI Summary
Summarized by AI from the source belowCarnival Corp (NYSE:CCL) reported strong first quarter 2026 results, maintaining an 85% booking rate for the year. The company announced a new $2.5 billion share repurchase program and boosted its fiscal 2026 yield outlook by 25 basis points to 2.75%. Analysts from Bank of America noted the company aims for over 50% earnings-per-share growth through 2029, while UBS projected approximately $7 billion in EBITDA for fiscal 2026. However, rising fuel costs present near-term earnings volatility, with an estimated additional $500 million in fuel expenses for the year.
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About Carnival Corporation (CCL)
Carnival is the world’s largest cruise-line company.
The Consumer Discretionary sector covers retailers, automakers and leisure companies whose sales rise and fall with consumer confidence.
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- Carnival Reports 40% Increase in Fuel Costs, Adjusts Profit Outlook
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