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RCCL raises 2018 EPS guidance $0.15 to up to $8.90

Royal Caribbean Cruises, Limited (RCCL), the world’s second largest cruise shipping group, said it has  has increased its forecast of full year adjusted earnings per share (EPS) to a range of $8.70 to $8.90 per share, $0.15 above the previous guidance.

“The company's 2018 booked position is better than last year's record high and ahead in both volume and rate.  All core products are generally in line with the company's previous expectations,” it said in a statement.

The company expects a Net Yield increase in the range of 2.0% to 3.75% in Constant-Currency and approximately 4.0% As-Reported for the full year.

Net cruise costs, excluding fuel, are expected to be up approximately 2.5% in Constant-Currency and up 3.0% to 3.5% As-Reported.  “This revised cost guidance reflects some shifts related to our joint ventures that will be shown below the operating profit line versus above line.  The updated guidance also reflects increased investments in demand generating activities,” RCCL said.

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