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Home/News Feed/Carnival launches $2.5B buyback, reports Q1 earnings beat, and sets ambitious 2029 growth targets with PROPEL plan
CCL
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Carnival launches $2.5B buyback, reports Q1 earnings beat, and sets ambitious 2029 growth targets with PROPEL plan

Company Fundamentals
27 Mar 2026
PRNewsWire
View Source
Bullish
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Carnival Corporation announced a strong Q1 2026 with diluted EPS of $0.19, record revenues of $6.2 billion, and adjusted EBITDA of $1.3 billion, surpassing guidance despite fuel price challenges. The company raised its full-year outlook, expecting operational improvements and yield growth, supported by robust bookings and customer deposits. Carnival introduced PROPEL, a long-term strategy targeting over 50% EPS growth by 2029, increased shareholder returns, and a 25% reduction in greenhouse gas emissions. Additionally, Carnival approved a $2.5 billion share buyback program, signaling confidence in its cash flow and commitment to shareholder value.

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