Carnival Stock News

Return of popular live food demos include recipes to be served later in the Dining Room  for immersive culinary experience SEATTLE , Nov. 19, 2024 /PRNewswire/ -- Holland America Line's  renowned culinary program takes the stage onboard with new, cooking shows that spotlight regional culinary specialties and locally sourced seafood from the cruise line's Global Fresh Fish Program.  "We are thri...

1 Growth Stock Down 66% to Buy Right Now

CCL Industries Inc. (OTCPK:CCDBF) Q3 2024 Earnings Conference Call November 14, 2024 8:00 AM ET Company Participants Geoff Martin - President, Chief Executive Officer and Director Sean Washchuk - Chief Financial Officer and Senior Vice President Conference Call Participants Hamir Patel - CIBC Capital Markets Ahmed Abdullah - National Bank of Canada Sean Steuart - TD Cowen Stephen MacLeod - BMO ...

CCL has outperformed in 3Q24, aiming at even stronger results in guidance through this year and the next three. The stock spiked on earnings call indicating more to come based on management guidance conviction for balance of '24 and '25. CCL's strength in the Millennial generations will power its growth ahead while maintaining its grip on the over 62 base customer.

Carnival Corporation emerged in the post-pandemic world with a levered balance sheet and low occupancy rates. As the company changes course, management is focused on fixing its capital structure first and foremost, in order to lower interest payments. Simultaneously to the adjustment in the balance sheet, the company currently enjoys positive momentum as an aging population and a younger genera...

In 3Q24, CCL generated $7.89 billion and $1.7 billion in revenues and net income respectively, representing a year-on-year growth of 15.20% and 61.55% respectively. Multiple indicators suggest that overall demand in the cruise industry remains strong and will continue to serve as tailwinds for the company. Paying down debt is CCL's utmost priority; it is an achievable but challenging task. CCL ...

Carnival stock has nearly doubled over the past year. The party might not be over.

This cruise industry leader can continue to reward shareholders.