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Royal Caribbean Group logoRoyal Caribbean Group RCL

The company said it expects full-year 2024 Adjusted EPS of $9.90 to $10.10, which is $0.40 higher than its February guidance.

8-KRegulation FD DisclosureFiled Period of report Summary published (UTC)

Key points

AI summary
  1. The company said it expects full-year 2024 Adjusted EPS of $9.90 to $10.10, which is $0.40 higher than its February guidance.

  2. The company cited an increase in constant currency net yield growth of about 100 basis points compared with its February guidance as a factor in raising full-year Adjusted EPS guidance. It also said about $0.15 of the full-year increase reflects an improved revenue outlook for Q1 2024.

  3. The company said the WAVE booking season since its most recent earnings call in Q4 has exceeded its initial expectations, with the first 5 weeks of 2023 producing the best WAVE booking weeks in its history. It said bookings for 2024 are ahead of the same time last year for all 4 quarters and all key products in both rate and volume.

  4. The company said it expects to achieve all Trifecta goals in 2024. It described Trifecta as a program targeting Adjusted EBITDA per APCD of at least $100, Adjusted EPS of at least $10, and ROIC of 13% or higher by the end of 2025.

Summary

AI-written

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

2024 Adjusted EPS Outlook $9.90 to $10.10

The company said it expects full-year 2024 Adjusted EPS of $9.90 to $10.10, which is $0.40 higher than its February guidance.

Source · Based on the filing body and exhibits

Constant currency net yield growth up about 100 basis points

The company cited an increase in constant currency net yield growth of about 100 basis points compared with its February guidance as a factor in raising full-year Adjusted EPS guidance. It also said about $0.15 of the full-year increase reflects an improved revenue outlook for Q1 2024.

Source · Based on the filing body and exhibits

WAVE booking season and 2024 bookings

The company said the WAVE booking season since its most recent earnings call in Q4 has exceeded its initial expectations, with the first 5 weeks of 2023 producing the best WAVE booking weeks in its history. It said bookings for 2024 are ahead of the same time last year for all 4 quarters and all key products in both rate and volume.

Source · Based on the filing body and exhibits

Outlook for achieving Trifecta goals

The company said it expects to achieve all Trifecta goals in 2024. It described Trifecta as a program targeting Adjusted EBITDA per APCD of at least $100, Adjusted EPS of at least $10, and ROIC of 13% or higher by the end of 2025.

Source · Based on the filing body and exhibits

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

Source: SEC EDGAR (U.S. Securities and Exchange Commission). Item captions are the SEC's. The summary is for reference only and is not investment advice.