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Royal Caribbean Miami Cruise Terminal.
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Royal Caribbean sails higher after posting strong Q1 earnings and a surprisingly upbeat profit outlook

Folks are booking cruises no matter what.

Nia Warfield

Royal Caribbean shares jumped as much as 5% Tuesday morning after the cruise giant largely beat Wall Street’s Q1 estimates and raised its full-year outlook.

Earnings per share came in at $2.71, topping FactSet estimates and exceeding the company’s previous guidance of $2.43 to $2.53. Revenue reached $3.9 billion, slightly below forecasts but up year over year. The company also charted a more profitable path ahead. Royal Caribbean now expects full-year EPS between $14.55 and $15.55, up from its prior forecast of $14.35 to $14.65, as sailing demand stays strong.

“During the first quarter, the company took record bookings during WAVE season. Additionally, during April, the company’s bookings were greater than the same period last year,” Royal Caribbean said in a statement. “Bookings for 2025 have remained on track, cancellation levels are normal, and we continue to see excellent close-in demand.”

The update comes after a turbulent stretch for travel stocks, with tariff uncertainty and concerns over consumer spending weighing heavily. Earlier this month, Morgan Stanley and Stifel both slashed their price targets for Royal Caribbean, citing rougher economic waters, but stayed confident in the company’s long-term direction. The forecast hike comes as a record 19 million Americans are set to sail this year, undeterred by sky-high room prices and fierce competition as operators race to grow their fleets.

Royal Caribbean shares are up over 50% over the past year.

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Nike sinks to lowest level since 2014 after warning of “challenged” sales environment in Q4 report

Did Nike do it?

Investors had a mixed reaction after the global sports apparel company reported its fourth quarter earnings on Tuesday after the bell. Shares initially rose 5% as Nike beat out Wall Street expectations amid a hefty tariff refund bonus. However, the stock then sank to its lowest level since August 2014 in postmarket trading.

Here are the Q4 numbers:

  • Revenue of $11.0 billion (estimate: $10.8 billion).

  • Adjusted earnings per share of $0.20 (estimate: $0.12).

Ahead of this report, Nike warned that results would be flattered by a one-time tariff refund (now estimated at roughly $0.52 per share for the bottom line). That gave the company an extra cushion in snapping its streak of seven quarters of year-over-year profit declines.

Over the past year, the company had been punished by tariffs on imported goods, stagnant consumer spending, and increasing competition from other footwear brands like New Balance, Adidas, and Hoka.

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