seekingalpha.com
Carnival's Diversified Destinations Deliver Resilient Booking Trends - Rally Still Has Legs
Carnival Corporation (CCL) is reiterated as a Buy upon a slight dip, supported by the much-needed return to investment-grade leverage, the reinstated dividends, and the robust FY2026 guidance. Its balance sheet health has improved notably, with the strong FCF generation well covering the future fleet renewals, the deleveraging target of below 3x, and the opportunistic share repurchases. Promising FY2026 guidance includes net yield growth of +2.5% YoY, adj EBITDA of $7.63B, and adj EPS of $2.48, aided by the robust booking trends at higher prices.
