Royal Caribbean Group

RCL: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Royal Caribbean Earnings: Close-in Bookings Drive Demand As Appetite for Cruising Remains Robust

Jaime M Katz

Jul 29, 2025

In its second quarter, Royal Caribbean announced as-reported yield growth of 5.3% and net cruise costs excluding fuel growth of 2.5%. Adjusted EPS of $4.38 was ahead of the firm's $4.00-$4.10 prior guidance, but Royal held the high end of its 2025 outlook intact, calling for EPS of $15.41-$15.55.

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Royal Caribbean Group

Royal Caribbean Earnings: Close-in Bookings Drive Demand As Appetite for Cruising Remains Robust

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