Royal Caribbean Cruises Exceeds Q1 Earnings Expectations with Strong Revenue and EPS
Royal Caribbean Cruises (RCL) reported first-quarter revenue up 11% year-over-year, driven by a record wave season and strong onboard spending. Adjusted earnings per share reached $3.60, surpassing guidance by $0.37. The company returned $1.1 billion in capital to shareholders through dividends and buybacks.
Tickers: $RCL
Topics: capital return cruise industry fuel costs revenue growth