Carnival Corp Is Gushing Cash Flow, Making It a 2-Bagger From Here
CCLCarnival (CCL) Gurufocus·2024-07-22 21:00

On June 25, Carnival Corp. (CCL, Financial), which operates the Carnival, Princess and Holland America cruise lines, reported strong demand and record operating income for its fiscal second quarter.For the three months ended May 31, revenue hit $5.78 billion, up 17.70% year over year, and operating income was $560 million, up 102.90% from the prior quarter ($276 million).People are flocking to cruises. Carnival said its bookings for the remainder of 2024 continues to be the best on record in both price (in ...