RE: EPS25 Jun 2025 15:11
Peter.
Thank you, however, I wasn't meaning it to be a direct like for like 1 to 1 comparison, as the people who usually are on the board are aware that Royal has a lot less than Carnival in Share float.
However, to therefore be more specific.
Carnival has 1,309,000,000 Shares in Float vs Royals 269,000,000
Carnival's Q2 2025 EPS was $0.42 vs Royal's expectation of $4.10 for Q2 2025
So to adjust for the Share float volumes, Carnival for the same period would need an EPS of $0.842.
Which means that Carnival are only half as profitable as Royal's fleet
This is a conversation that Bhants, Ken, TOPO, CWWX and I have been having for two plus years surrounding the overheads relating to Carnival.
I hope that clarifies.