Categories AlphaGraphs, Earnings, Other Industries

Carnival Corp. (CCL) Q1 loss narrows on strong revenue growth

Carnival Corporation & plc. (NYSE: CCL) on Monday reported a narrower net loss for the first quarter of 2023 when the cruise company’s revenues more than doubled.

Carnival Corp. Q1 2023 earnings infographic

Revenues more than doubled to $4.43 billion in the February quarter, aided by strong growth in both operating segments. Occupancy increased sharply to an impressive 91%.

As a result, the net loss narrowed to $693 million or $0.55 per share in the first quarter from $1.89 billion or $1.66 per share in the corresponding period of 2022. The company also provided guidance for the second quarter and fiscal 2023.

“We are enjoying a phenomenal wave season, achieving our highest-ever quarterly booking volumes and breaking records in both North America and Europe. Our strong performance has extended into March and we expect this favorable trend to continue based on the success of our efforts to drive demand,” said Carnival’s chief executive officer Josh Weinstein.

Looking for more insights on the earnings results? Click here to access the full transcripts of the latest earnings conference calls!

Most Popular

Ulta Beauty (ULTA) Earnings: 1Q23 Key Numbers

Ulta Beauty, Inc. (NASDAQ: ULTA) reported net sales of $2.6 billion for the first quarter of 2023, up 12.3% from the same period a year ago. Comparable sales grew 9.3%.

Costco (COST) Q3 2023 earnings drop on weak sales growth

Costco Wholesale Corporation (NASDAQ: COST) on Thursday reported a 2% increase in third-quarter 2023 revenues. However, the warehouse behemoth's earnings declined. Third-quarter revenue increased 1.9% to $53.6 billion from $52.6 billion

Key takeaways from Dollar Tree’s (DLTR) Q1 2023 earnings report

Shares of Dollar Tree, Inc. (NASDAQ: DLTR) were down 9% on Thursday after the company delivered mixed results for the first quarter of 2023. The discount retailer missed expectations on

Add Comment
Viewing Highlight