(Reuters) -Royal Caribbean forecast current-quarter profit below expectations on Tuesday, amid higher fuel costs and rising economic uncertainty.
Shares of the company, which also forecast annual profit below estimates, were down about 8% in premarket trading.
Following a post-pandemic boom in demand, the company is struggling with customers steering away from splurging on expensive cruise vacations amid persistent inflation and tariff-driven uncertainty in the U.S.
The company now expects fiscal 2025 adjusted profit per share of $15.58 to $15.63, above its prior forecast of $15.41 to $15.55, but fell short of analysts’ estimates of $15.68, according to data compiled by LSEG.
It sees fourth-quarter adjusted profit per share to be in the range of $2.74 to $2.79, below analysts’ average estimate of $2.89.
(Reporting by Neil J Kanatt in Bengaluru; Editing by Shinjini Ganguli)
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