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Carnival Hits Highest-Ever Quarterly Booking Volumes, but Is the Stock a Buy?

TheMotleyFool

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Carnival Hits Highest-Ever Quarterly Booking Volumes, but Is the Stock a Buy?: https://g.foolcdn.com/editorial/images/726457/sapphire-princess.jpg

Carnival (NYSE: CCL)(NYSE: CUK) reported on its first quarter of fiscal 2023, showing better-than-expected results amid a frenzy of booking activity. In fact, it was the cruise company's best-ever quarter for booking volumes in its history.

Based on recent performance and its outlook, let's determine if this cruise line stock is a buy.

Carnival delivered $4.4 billion in revenue in the first fiscal quarter, which represents 95% of revenue levels in the first quarter of 2019. Year over year, the figure marks an impressive 173% improvement over 2022.

Source Fool.com

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