Carnival Lifts Outlook on Continued Demand, Higher Spending

Dow Jones09-29

By Connor Hart

Carnival raised its outlook for the year as it notched higher revenue and profit in its latest quarter, boosted by ongoing travel demand and higher spending.

The Miami-based cruise line said Monday that it now expects full-year adjusted earnings of about $2.93 billion, or $2.14 a share, up from a prior outlook of $2.69 billion, or $1.97 a share.

Analysts polled by FactSet had expected adjusted earnings of $2.79 billion, or $2.02 a share, for the year.

For the current quarter, Carnival guided for adjusted earnings of approximately $300 million, or 23 cents a share, topping Wall Street models for $293.6 million, or 21 cents a share.

Chief Executive Officer Josh Weinstein said the company continues to experience strong demand for its cruises, as well as see higher levels of onboard spending. Looking ahead, booking trends have continued to strengthen.

The company has nearly half of the coming year booked, in line with what Weinstein called last year's record levels. "But now at historical high prices for both our North America and Europe segments, we have built a strong base of business for next year," he added.

For its three months ended Aug. 31, Carnival posted a profit of $1.85 billion, or $1.33 a share, up from $1.74 billion, or $1.26 a share, a year earlier. Stripping out one-time items, adjusted earnings were $1.43 a share, ahead of the $1.32 a share that analysts forecast.

Fiscal third-quarter revenue jumped to $8.15 billion from $7.9 billion.

Write to Connor Hart at connor.hart@wsj.com

(END) Dow Jones Newswires

September 29, 2025 09:49 ET (13:49 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

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Looking ahead, booking trends have continued to strengthen. \n</p>\n<p>\n  The company has nearly half of the coming year booked, in line with what Weinstein called last year's record levels. \"But now at historical high prices for both our North America and Europe segments, we have built a strong base of business for next year,\" he added. \n</p>\n<p>\n  For its three months ended Aug. 31, Carnival posted a profit of $1.85 billion, or $1.33 a share, up from $1.74 billion, or $1.26 a share, a year earlier. 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Looking ahead, booking trends have continued to strengthen. \n\n\n  The company has nearly half of the coming year booked, in line with what Weinstein called last year's record levels. \"But now at historical high prices for both our North America and Europe segments, we have built a strong base of business for next year,\" he added. \n\n\n  For its three months ended Aug. 31, Carnival posted a profit of $1.85 billion, or $1.33 a share, up from $1.74 billion, or $1.26 a share, a year earlier. 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