Carnival Corp (NYSE: CCL) (NYSE: CUK) shares are trading higher by around 7% after it reported Q4 FY23 results.
Sales of $5.397 billion beat the analyst consensus of $5.306 billion.
Passenger Cruise Days (PCD) rose to 23.6 million from 18.3 million a year ago. Occupancy for Q4 was 101%.
Total customer deposits reached a fourth-quarter record of $6.4 billion, surpassing the previous fourth-quarter record of $5.1 billion (as of November 30, 2022) by 25%.
Selling and administrative expenses rose to $788 million from $741 million a year ago.
The operating income for the quarter was $384 million compared to a loss of $(1.14) billion last year.
Adjusted EBITDA of $946 million exceeded the September guidance range, driven by continued strength ...