CCL Q3 Earnings Call Highlights Demand Strength, 2027 Bookings

Carnival Corporation (CCL) reported Q3 2026 earnings that beat consensus estimates, with adjusted EPS of $1.43 vs. $1.36 expected and revenues of $8.44B vs. $8.36B. The company is about half-booked for 2027 with record occupancy and pricing above prior-year levels. CCL raised full-year constant-currency net yield growth guidance to 2.3%, up from June guidance. The company plans minimal 0.5% capacity growth in 2027 while shifting deployment toward higher-return destinations like Europe and private Caribbean islands. Management flagged Q1 2027 as different due to spring booking disruption but remains constructive on the rest of the year.