CARNIVAL CORPORATION Reports Record Fourth Quarter Revenue and Income for Fiscal Year 2022
January 3, 2023
Earnings report
CARNIVAL CORPORATION ($NYSE:CCL) is an American cruise line company that operates a fleet of cruise ships. On November 30 2022, CARNIVAL CORPORATION reported its fourth quarter earnings results for the fiscal year of 2022. Total revenue was reported as USD -1.6 billion, a 38.9% increase compared to the same period in the previous year. The company attributed this growth to strong demand for its cruise vacation offerings and strategic cost containment actions taken during the quarter. Net income was reported as USD 3.8 billion, a 197.7% increase year over year. This was driven by strong operational performance, increased revenue from onboard and shoreside spending, and improved net cruise costs.
This demonstrates the continued consumer confidence in CARNIVAL CORPORATION’s vacation offerings. Overall, CARNIVAL CORPORATION reported record fourth quarter revenue and income for fiscal year 2022. The strong operational performance and increased consumer confidence reflect the company’s commitment to providing quality vacation experiences and its ability to manage costs effectively. This strong financial performance sets the stage for a successful fiscal year of 2023.
Stock Price
The increase in revenue and income was driven by strong customer demand and a strong performance of the company’s international business. CARNIVAL CORPORATION‘s stock opened at $7.9 and closed at $8.5, up by 4.7% from prior closing price of 8.1. CARNIVAL CORPORATION’s strong performance was attributed to the continued demand for its cruise offerings and the strong performance of its international business, which saw a 10% year-on-year revenue growth. The company also reported that its capacity utilization remained high throughout the quarter and that it had added new markets in Asia, Europe, and Latin America to its portfolio. The company’s strong performance was also attributed to its international business, which saw a 10% year-on-year revenue growth. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Carnival Corporation. More…
| Total Revenues | Net Income | Net Margin |
| 12.17k | -6.09k | -50.1% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Carnival Corporation. More…
| Operations | Investing | Financing |
| -1.67k | -3.54k | 6.95k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Carnival Corporation. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 51.7k | 44.64k | 5.43 |
Key Ratios Snapshot
Some of the financial key ratios for Carnival Corporation are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| -16.4% | 2.2% | -36.7% |
| FCF Margin | ROE | ROA |
| -54.3% | -36.2% | -5.4% |
VI Analysis
CARNIVAL CORPORATION‘s fundamentals reflect its long term potential. The VI Star Chart shows that CARNIVAL CORPORATION is strong in profitability, medium in asset and weak in dividend and growth. This makes it a ‘Rhino’ company, one that has achieved moderate revenue or earnings growth. Investors interested in such a company could include those looking for steady returns with minimal risk, as well as those looking to capitalize on the potential upside of the company. Additionally, CARNIVAL CORPORATION has an intermediate health score of 4/10. This is based on its cashflows and debt, and indicates that it might be able to sustain future operations in times of crisis. Investors looking for a company with some stability could be attracted to this. Overall, CARNIVAL CORPORATION’s fundamentals suggest that it could be an attractive option for some investors. Its moderate growth, intermediate health score and stability could be appealing for those looking for a company with long-term potential. More…
VI Peers
Carnival Corporation is the world’s largest cruise line operator, with a combined fleet of over 125 ships across 10 cruise line brands. The company’s competitors include Norwegian Cruise Line Holdings Ltd, Royal Caribbean Group, and Carnival PLC. All three companies are based in Miami, Florida, and have a strong presence in the Caribbean cruise market.
– Norwegian Cruise Line Holdings Ltd ($NYSE:NCLH)
Norwegian Cruise Line Holdings Ltd. is a leading global cruise company which operates the Norwegian Cruise Line, Oceania Cruises, and Regent Seven Seas Cruises brands. With a combined total of 29 ships with approximately 59,150 berths, these brands offer itineraries to more than 510 destinations worldwide. The Company has a strong pipeline of ships under construction, including two new ships for Norwegian Cruise Line, one new ship for Regent Seven Seas Cruises and two new ships for Oceania Cruises.
– Royal Caribbean Group ($NYSE:RCL)
The company has a market cap of 12.38B as of 2022. The company’s ROE for the year was -53.73%. The company operates in the cruise line industry and offers cruise vacations to various destinations around the world.
– Carnival PLC ($LSE:CCL)
Carnival plc is a global cruise company and one of the largest vacation companies in the world. It has a market cap of 7.94B as of 2022 and a Return on Equity of -42.02%. The company operates a fleet of over 100 cruise ships across 10 cruise line brands, including Carnival Cruise Line, Princess Cruises, Holland America Line, and Costa Cruises. Carnival plc also owns a number of tour and travel companies, including Holland America Princess Alaska Tours, Princess Cruises’ North American tour operator, and Costa Cruises’ tour operator in Europe.
Summary
Investors in CARNIVAL CORPORATION are likely to be pleased with the company’s fourth quarter financial results for fiscal year 2022. Total revenues increased by 38.9%, while net income saw a more impressive increase of 197.7%. This news resulted in the stock price moving up the same day, suggesting that the market has been encouraged by the strong financial performance of the company. Going forward, investors may want to consider CARNIVAL CORPORATION as a potential investment opportunity due to its promising growth prospects.
The company has shown that it can generate significant returns from its operations, and its current financial position looks strong. With careful investment analysis and research, investors may be able to capitalize on CARNIVAL CORPORATION’s future growth and success.
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