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Although Carnival (CCL) is off to a strong start to the year, the company acknowledged challenges from rising fuel costs and geopolitical tensions in the Middle East.

Carnival beat estimates but cut its full-year profit forecast due to higher fuel costs. The company introduced new long-term growth targets.

Carnival Corporation trades near yearly lows despite strong profits and robust long-term growth forecasts. The cruise line faces short-term fuel cost spikes, driven by geopolitical tensions, but normalized fuel prices underpin the bullish thesis. CCL's new PROPEL plan targets 50% EPS growth by 2029 and $14 billion in capital returns, including a current $2.5 billion share buyback.

Carnival Corporation & plc (CCL) Q1 2026 Earnings Call Transcript

CCL posts Q1 earnings and revenue beats, driven by strong demand, record bookings and higher onboard spending.

Although the revenue and EPS for Carnival (CCL) give a sense of how its business performed in the quarter ended February 2026, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Stock falls as cruise operator sees fuel costs in the current quarter surging more than 40% from the prior one.