Royal Caribbean Group reported third quarter 2024 Adjusted EPS of $5.20, exceeding its guidance, driven by stronger close-in demand, robust onboard revenue, and favorable cost timing. Net Income for the quarter was $1.1 billion, or $4.21 per share, compared to $1.0 billion, or $3.65 per share, in Q3 2023.
Total revenues reached $4.9 billion, with Net Yields increasing 7.9% in constant currency compared to Q3 2023, and a load factor of 111%. The company raised its full year 2024 Adjusted EPS guidance to $11.57 - $11.62, marking the fourth time this year it has lifted its annual profit forecast.
For the fourth quarter of 2024, Adjusted EPS is guided between $1.40 and $1.45, which includes $0.24 of headwinds from Hurricane Milton and cost timing shifts. The company also announced plans for Perfect Day Mexico opening in 2027 and a Silversea hotel in Puerto Williams, Chile, opening in 2025, further expanding its private destination portfolio.
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