05.06.2023 15:45:00

Royal Caribbean Reports "Strong Revenue Outlook." Time to Buy the Stock?

It's been a buoyant time for Royal Caribbean Cruises (NYSE: RCL). Following a better-than-expected first quarter, the Miami-based cruise line anticipates that the current momentum will carry through to the remainder of 2023. During the Q1 earnings call last month, CEO Jason Liberty cited "numerous tailwinds related to the consumer's desire to travel." Yet, despite enduring demand for cruise travel, certain headwinds still loom large for Royal Caribbean. Let's take a closer look at recent performance and company outlook to determine if this cruise line stock is a buy right now.According to Liberty, a cornerstone of Royal Caribbean's success is its ability to appeal to "a broad range of vacationers" looking for anything from a short getaway to a luxury world cruise. He believes this attribute helped the company "outperform broader leisure travel" in the first quarter.Continue reading
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