HighGravityDataRoyal Caribbean Cruises — Jul 28, 2026 release
Fiscal 2026 second-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0000884887-26-000036
Showing in the filing
Perfecta Program ROIC target (Definitions)
“17% or higher”
Period
FY2027
Measure
Company-defined measure
Source
Prose
All guidance in this release · 53
Revenue growth for FY2026
“9%”
Net Yields for FY2026
“2.35% to 2.85% as-reported and 1.75% to 2.25% in Constant Currency”
Net Yields vs. 2025 (Constant Currency) for FY2026
“1.75% to 2.25%”
Net Yields (As-Reported & Constant Currency) for Q3 FY2026
“approximately flat”
Perfecta Program Adjusted EPS CAGR (first tw… for the long term
“23%”
Perfecta Program Adjusted EPS CAGR target for the long term
“20%”
Total revenue growth for Q3 FY2026
“8%”
NCC excluding Fuel per APCD (As-Reported) for Q3 FY2026
“1.7% to 1.2%”
NCC, excluding Fuel, per APCD for Q3 FY2026
“1.7% to 1.2% as-reported and 1.6% to 1.1% in Constant Currency”
NCC excluding Fuel per APCD (Constant Curren… for Q3 FY2026
“1.6% to 1.1%”
Fuel Forecasted Consumption Hedged via swaps for FY2026
“58%”
Fuel Hedged via swaps (Q3) for Q3 FY2026
“58%”
Fuel Forecasted Consumption Hedged via swaps for FY2027
“53%”
Fuel Forecasted Consumption Hedged via swaps for FY2028
“29%”
Fuel Forecasted Consumption Hedged via swaps for FY2029
“14%”
Hedge Portfolio Annual Average Cost per Metr… for FY2026
“approximately $474”
Fuel Consumption (metric tons) for Q3 FY2026
“441,000”
Fuel Consumption (metric tons) for FY2026
“1,756,000”
Fuel expense for Q3 FY2026
“$362 million”
Fuel Expense (Q3) for Q3 FY2026
“$362 million”
Fuel Expenses for FY2026
“$1,338 million”
Percent Hedged (fwd. consumption) for Q3 FY2026
“58.0%”
Net Cruise Costs per APCD vs. 2025 (As-Repor… for Q3 FY2026
“0.3% to 0.8%”
Net Cruise Costs per APCD vs. 2025 (Constant… for Q3 FY2026
“0.4% to 0.9%”
Net Cruise Costs per APCD ex. Fuel vs. 2025 … for Q3 FY2026
“(1.7)% to (1.2)%”
Net Cruise Costs per APCD ex. Fuel vs. 2025 … for Q3 FY2026
“(1.6)% to (1.1)%”
Net Yields vs. 2025 (As-Reported) for FY2026
“2.35% to 2.85%”
Net Cruise Costs per APCD vs. 2025 (As-Repor… for FY2026
“Approximately 1.7%”
Net Cruise Costs per APCD vs. 2025 (Constant… for FY2026
“Approximately 1.4%”
NCC, excluding Fuel, per APCD (as-reported) for FY2026
“approximately 0.4%”
Net Cruise Costs per APCD ex. Fuel vs. 2025 … for FY2026
“Approximately 0.4%”
APCDs for Q3 FY2026
“14.9 million”
APCDs for FY2026
“56.9 million”
Capacity change vs. 2025 for Q3 FY2026
“8.5%”
Capacity change vs. 2025 for FY2026
“6.6%”
Depreciation and amortization for Q3 FY2026
“$485 to $495 million”
Depreciation and amortization for FY2026
“$1,905 to $1,915 million”
Net Interest, excluding loss on extinguishme… for Q3 FY2026
“$255 to $265 million”
Net Interest, excluding loss on extinguishme… for FY2026
“$980 to $990 million”
Adjusted EPS for Q3 FY2026
“$6.26 to $6.36”
Adjusted EPS for Q3 FY2026
“$6.26 to $6.36”
Adjusted EPS for FY2026
“$17.73 to $17.87”
Share Repurchase Program Remaining Authoriza…
“$805 million”
Capital expenditures for FY2026
“approximately $4.7 billion”
Non-new ship related capital expenditures for FY2026
“$1.6 billion”
Capacity changes for FY2026
“6.6%”
Capacity change vs. 2025 for FY2028
“6%”
Capacity change vs. 2025 for FY2027
“4%”
Capacity changes for FY2027
“4%, 6%, and 7%”
Capacity change vs. 2025 for FY2029
“7%”
Perfecta Program ROIC target (Definitions) for FY2027
“17% or higher”
Private Destinations Portfolio for FY2028
“from three to eight”
River Cruising Launch for FY2027
“enter river cruising in 2027”
Exhibit 99.1 · the passage around this item
… earlier in the release
Perfecta Program refers to the multi-year Adjusted EPS and ROIC goals we are seeking to achieve by end of 2027. Under our Perfecta Program, we are targeting 20% compound annual growth rate in Adjusted EPS compared to 2024 and ROIC of 17% or higher by the end of 2027. Return on Invested Capital ("ROIC") represents Adjusted Operating Income divided by Invested Capital. We believe ROIC is a meaningful measure because it quantifies how efficiently we generated operating income relative to the capital we have invested in the business. For additional information see “Adjusted Measures of Financial Performance” below. About Royal Caribbean Group Royal Caribbean Group is a leading global vacation company spanning cruise, exclusive destinations, and land-based vacation experiences. The company operates 71 ships sailing to more than 1,000 destinations across all seven continents through its three wholly owned brands -Royal Caribbean, Celebrity Cruises, and Silversea - and a 50% joint venture interest in TUI Cruises which operates the Mein Schiff and Hapag-Lloyd brands . The Group is expanding its portfolio of private destinations from three to eight by 2028 through its Perfect Day and Royal Beach Club collections, and the company will enter river cruising in 2027 with Celebrity River Cruises. Powered by innovative brands, advanced technology, and an industry-leading loyalty program, the company has built a connected vacation ecosyste
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.