CCL

Subscribers to our Substack, The Contrarian Edge , received this commentary on Saturday, July 25.

Carnival has transitioned from recovery to growth, posting record revenue, net yields, EBITDA, and customer deposits. CCL's forward EPS growth is driven by high pricing, advanced bookings, own-destination monetization, cost control, and capital returns. At $26, CCL trades at 11.7x 2026 EPS and 8.2x EV/EBITDA, offering attractive upside but remaining exposed to debt and cyclical risks.

FORT LAUDERDALE, Fla., July 27, 2026 /PRNewswire/ -- Twenty-five years ago, Princess Cruises helped transform the future of cruising in Alaska by becoming the first cruise line to connect a ship to Juneau's hydroelectric shore power system.

Carnival (CCL) reported earnings 30 days ago. What's next for the stock?

The fuel/demand risks have been baked into Carnival Corporation's twice-lowered FY2026 guidance, discounted valuations, and ongoing consolidation since June 2025. These risks have been well balanced by the still profitable growth guidance for FY2026, improved balance sheet health, and richer dividend yields of 2.3%. CCL's ongoing fuel efficiency gains, strong booking trends, and loyalty program support future resilience amid geopolitical/macroeconomic headwinds.

CCL is pairing measured fleet growth with exclusive destinations and stronger bookings to build a more durable cruise growth strategy.

SEATTLE, July 22, 2026 /PRNewswire/ -- Four new shows are taking center stage on Holland America Line's Oosterdam, expanding the cruise line's award-winning entertainment lineup with fresh productions and iconic collaborations. The four original shows were created exclusively for Holland America Line in partnership with RWS Global, the world leader in live moments across entertainment and sports.

Carnival Cruise Line's Exclusive Destination Celebrates One Year of Creating Memorable Guest Experiences and Lasting Impact in Grand Bahama MIAMI, July 21, 2026 /PRNewswire/ -- Celebration Key, Carnival Cruise Line's exclusive destination on Grand Bahama celebrated its first anniversary Sunday, July 19, 2026, after welcoming 2.4 million guests since opening on July 19, 2025. Designed to celebrate the natural beauty of Grand Bahama and the culture of The Bahamas, the destination offers guests the opportunity to connect with the island's unique spirit while enjoying the signature fun Carnival is known for.

Investors need to pay close attention to CCL stock based on the movements in the options market lately.

Launch coincides with first anniversary of Celebration Key and builds on company's ongoing investments in Bahamian communities   MIAMI, July 20, 2026 /PRNewswire/ -- One year after celebrating the grand opening of Celebration Key on Grand Bahama Island, Carnival Corporation (NYSE: CCL), the world's largest cruise company, has another reason to celebrate, today launching its surplus meal donation program in The Bahamas. The expansion into The Bahamas marks another step in the company's ongoing efforts to redirect surplus food through partnerships that create meaningful community impact around the world.