Carnival Corporation operates as a cruise company worldwide. It provides vacations to various cruise destinations. The company offers cruise services under the Carnival Cruise Lines, Holland America Line, Princess Cruises, and Seabourn brand names in North America; and AIDA Cruises, Costa Cruises, Cunard, and P&O Cruises names in Europe, Australia, and Asia. It operates 100 cruise ships. It also owns and operates 12 hotels or lodges, and approximately 300 motor coaches and 20 glass-domed railcars. The company sells its cruise services through retail, online and home-based agents, wholesalers, general sales agents, and tour operators. Carnival Corporation was incorporated in 1972 and is headq...
3655 NW 87th Avenue
Miami, FL 33178
Founded in 1972
Carnival Corporation & plc Opens New Operations in Cozumel, Mexico
Oct 8 15
Carnival Corporation & plc officially opened an all-new, highly anticipated expansion of its operations in Cozumel, Mexico, adding a third berth to the company's pier at Puerta Maya, the most popular cruise destination in the Caribbean. With an investment of more than $20 million, the all-new "arm" was added to the company's existing pier to allow three ships to be moored at the terminal at the same time. With 3.3 million cruise guests annually, Cozumel is the busiest cruise destination in the Caribbean. Carnival Corporation's extra capacity with the expanded pier will allow more ships to call on Cozumel, increasing the number of guests who can visit the destination while also providing a significant economic boost to the local economy. On-site dining options within the Puerta Maya complex include the Tres Amigos Bar, a theme restaurant inspired by the 1986 hit movie "Three Amigos" starring Steve Martin, Chevy Chase and Martin Short. The waterfront eatery -- the in the Caribbean -- offers traditional Mexican fare, along with an extensive beverage menu. Also featured is Pancho's Backyard, an outpost of the popular downtown Cozumel eatery featuring magnificent ocean views, as well as Fat Tuesday, a waterfront bar offering frozen drinks and light snacks, along with a DJ and dance floor. The shore excursion pier, separate from the main pier, allows for quick and convenient access to water-bound excursions serving both the mainland of the state of Quintana Roo and island of Cozumel.
Carnival Corporation & plc Announces Unaudited Consolidated Earnings and Operating Results for the Third Quarter and Nine Months Ended August 31, 2015; Provides Earnings Guidance for the Fourth Quarter and Revises Earnings Guidance for the Full Year 2015; Provides Depreciation Expense Guidance for 2016
Sep 22 15
Carnival Corporation & Plc announced unaudited consolidated earnings and operating results for the third quarter and nine months ended August 31, 2015. For the quarter, the company reported revenues of USD 4,883 million against USD 4,947 million a year ago. Operating income was USD 1,510 million against USD 1,292 million a year ago. Income before income taxes was USD 1,250 million against USD 1,241 million a year ago. Net income was USD 1,216 million or USD 1.56 per basic and diluted share against USD 1,241 million or USD 1.60 per basic and diluted share a year ago. Non-GAAP earnings per share-diluted was USD 1.75 against USD 1.58 a year ago. Cash from operations was USD 1,281 million against USD 1,120 million a year ago. Capital expenditures were USD 324 million against USD 194 million a year ago. Non-GAAP net income was USD 1,365 million against USD 1,226 million a year ago.
For the nine months, the company reported revenues of USD 12,003 million against USD 12,165 million a year ago. Operating income was USD 2,064 million against USD 1,506 million a year ago. Income before income taxes was USD 1,528 million against USD 1,321 million a year ago. Net income was USD 1,487 million or USD 1.91 per basic and diluted share against USD 1,319 million or USD 1.70 per basic and diluted share a year ago. Non-GAAP earnings per share-diluted was USD 2.20 against USD 1.67 a year ago. Cash from operations was USD 3,567 million against USD 2,793 million a year ago. Capital expenditures were USD 1,704 million against USD 1,677 million a year ago. Non-GAAP net income was USD 1,717 million against USD 1,296 million a year ago.
For the quarter, the company reported passengers carried of 3,068,000 against 2,983,000 a year ago. Occupancy percentage was 110.9% against 109.1% a year ago.
For the nine months, the company reported passengers carried of 8,138,000 against 7,943,000 a year ago. Occupancy percentage was 105.6% against 104.8% a year ago.
For the fourth quarter of 2015, the company’s non-GAAP earnings per share (diluted) are expected to be in the range of USD 0.36 to USD 0.40, compared to USD 0.27 for fourth quarter of 2014. For the fourth quarter, the company increased revenue forecast by USD 0.04, and The company expects an additional USD 0.03 benefit from the net impacts of fuel and currency.
For the full year 2015, the company’s non-GAAP earnings per share (diluted) are expected to be in the range of USD 2.56 to USD 2.60, better than both the June guidance range of USD 2.35 to USD 2.50 and USD 1.93 per share for 2014. Net revenue yields on a constant currency basis are expected to be up approximately 4% compared to the prior year versus previous guidance of up 3% to 4% (up approximately 3% in constant dollars). The company’s improved performance has driven even stronger operating cash, which is expected to exceed USD 4 billion.
The company expect depreciation expense to be USD 1.8 billion in 2016, approximately USD 0.20 higher than 2015.
Carnival Corporation to Report Q3, 2015 Results on Sep 22, 2015
Sep 16 15
Carnival Corporation announced that they will report Q3, 2015 results on Sep 22, 2015