Carnival Corp (NYSE:CCL) (NYSE:CUK) reported first-quarter FY24 sales growth of 22% year-on-year to $5.406 billion, slightly missing the analyst consensus estimate of $5.427 billion.
Passenger Cruise Day (PCD) increased 16.3% Y/Y to 23.5 million. Occupancy for the quarter was 102%. Available lower berth days (ALBD) were 23 million.
Total customer deposits reached a first-quarter record of $7.0 billion, surpassing the previous first-quarter record by $1.3 billion.
Gross margin expanded to 790 basis points to 20.1%. Selling and administrative expenses rose 14.2% to $813 million.
The operating income for the quarter was $276 million versus a loss of $(172) million last ...