From Seekingalpha · The Sharpe Quest · · 40s
Royal Caribbean Beats Guidance, Ticket Prices Drop
Royal Caribbean beats earnings guidance but ticket prices fall for second straight quarter.
In brief
Royal Caribbean beats earnings guidance but ticket prices fall for second straight quarter. Royal Caribbean's ticket prices declined for the second consecutive quarter despite beating earnings guidance. Originally reported by Seekingalpha.
Royal Caribbean beats Q3 guidance
Royal Caribbean beat its Q3 earnings guidance and raised its full-year outlook, gaining a 5.5% market increase after the release.
Ticket prices fall for second quarter
Ticket prices per day declined for two consecutive quarters, with onboard spending partially offsetting the weakness.
Net yield growth slowing
Net yield growth is slowing as Caribbean capacity expansion poses risks despite higher ticket prices and premium destinations.
The key point
Royal Caribbean's ticket prices declined for the second consecutive quarter despite beating earnings guidance.
