Royal Caribbean Group reported strong Q2 2024 results with EPS of $3.11 and Adjusted EPS of $3.21, exceeding guidance due to robust pricing and onboard revenue. The company achieved its Trifecta goals 18 months ahead of schedule and announced a quarterly dividend of $0.40 per share. Total revenues reached $4.1 billion with a load factor of 108%.The company raised its full-year 2024 Adjusted EPS guidance to $11.35-$11.45, representing 68% year-over-year growth. Net Yields increased 13.3% in Constant Currency, driven by strong demand for European and Alaskan itineraries. The customer deposit balance stood at $6.2 billion, with booking volumes surpassing 2023 levels at record pricing.Looking ahead, Royal Caribbean expects Q3 2024 Net Yields to increase 6.5-7.0% and Adjusted EPS of $4.90-$5.00. The company maintains a strong liquidity position of $3.8 billion and expects leverage to fall below 3.5x by year-end, supporting its goal of achieving investment grade metrics.

Royal Caribbean Group reported strong Q2 2024 results with EPS of $3.11 and Adjusted EPS of $3.21, exceeding guidance due to robust pricing and onboard revenue. The company achieved its Trifecta goals 18 months ahead of schedule and announced a quarterly dividend of $0.40 per share. Total revenues reached $4.1 billion with a load factor of 108%.The company raised its full-year 2024 Adjusted EPS guidance to $11.35-$11.45, representing 68% year-over-year growth. Net Yields increased 13.3% in Constant Currency, driven by strong demand for European and Alaskan itineraries. The customer deposit balance stood at $6.2 billion, with booking volumes surpassing 2023 levels at record pricing.Looking ahead, Royal Caribbean expects Q3 2024 Net Yields to increase 6.5-7.0% and Adjusted EPS of $4.90-$5.00. The company maintains a strong liquidity position of $3.8 billion and expects leverage to fall below 3.5x by year-end, supporting its goal of achieving investment grade metrics.