CCL changes
Pick any two versions below to diff them.
- Price
- $25.90 → $30.68(+18.5%)
- Discount category
- Below intrinsic value → Close to intrinsic value
- Recent events
- added: Nov 3, 2026: Carnival started a commercial paper program of up to $2.0 billion. The notes are unsecured, have terms of up to 180 days and are guaranteed by Carnival UK. This is a new source of short-term funding after Carnival received investment grade ratings. Sep 29, 2026: Carnival reported Q3 2026 results. Net income was a record $1.9 billion, and adjusted EPS was $1.43, the same as a year earlier despite a $0.10 cost from fuel prices and currency. Net yields rose 2.4% in constant currency, and customer deposits reached a Q3 record of $7.6 billion. Carnival expects 2026 adjusted EPS of about $2.24 and has bought back about $1.2 billion of shares this year. Aug 5, 2026: Carnival gave notice that it will redeem all $500 million of its 7.000% notes due 2029 on August 15, 2026, at 103.50% of face value. The collateral for these notes fell away on June 25, 2026, after Carnival received a second investment grade credit rating. Jun 23, 2026: Carnival reported Q2 2026 results. Adjusted net income was a record $569 million, up more than 20%, although fuel prices rose nearly 30%. Bookings for European cruises slowed because of the conflict in the Middle East. Customer deposits reached an all-time high of $9.0 billion, and the company was 93% booked for the year. May 7, 2026: Carnival completed the unification of its dual listed company structure. Carnival plc shareholders received one share of Carnival Corporation Ltd. for each share, Carnival plc left the London Stock Exchange, and the company moved its incorporation from Panama to Bermuda. Mar 27, 2026: Carnival announced PROPEL, its targets for 2029: return on invested capital above 16%, adjusted EPS growth of more than 50% from 2025, more than 40% of operating cash flow paid to shareholders, and net debt to adjusted EBITDA of 2.75 times. The boards approved an initial $2.5 billion share buyback program.