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Sentiment · FY2026 Q2
What companies say about each other on earnings calls — extracted verbatim from public transcripts. Mentions from the newest quarter are a Pro feature.
“the team has done a good job on customer renewals, and bringing in new accounts, like Costco and Carnival.”
Coca-Cola cites Carnival as a recently won new account, indicating expanded beverage supply into Carnival's cruise operations.
“culminating and reaching investment grade with Fitch and being one notch away with a positive outlook from S&P.”
Carnival is one notch from investment grade with a positive outlook from S&P (S&P Global Ratings), a rating-agency action read-through.
“culminating and reaching investment grade with Fitch and being one notch away with a positive outlook from S&P.”
Carnival reached investment-grade status with Fitch, a positive rating-agency read-through reflecting Carnival's improved credit profile.
“We are pleased that our efforts have been recognized with the recent Moody's credit rating upgrade and the maintenance of their positive outlook.”
Carnival received a Moody's credit rating upgrade with a maintained positive outlook, reflecting its deleveraging progress.
“I mean, I think you extended your credit card relationship with Barclays in 2022. When does that expire?”
An analyst references Carnival's long-running co-branded credit card partnership with Barclays, which underpins loyalty economics ahead of the 2026 Carnival Rewards program launch.
“And I think it's probably a pretty good sign that I'm right about that and the potential when you think about Disney. It basically says we're gonna underinvest in things we have in the past, but we're gonna double down on cruise. They see the value of that as well.”
Carnival's CEO cites Disney's decision to scale back other investments while doubling down on cruise as validation of the cruise industry's growth potential.
Carnival posted record Q1 results with net income of $275 million, up over 55% versus prior year, despite yields growing only 2.7% on top of the prior year's strong 7% increase. However, FY2026 EPS guidance was lowered from approximately $2.37 to $2.21 due to a $500 million fuel headwind from geopolitical events, partially offset by $150 million in operational improvement. The company announced a $2.5 billion share repurchase authorization and introduced PROPEL long-term targets through 2029.
Demand | Competitive Dynamics | Pricing | Cost Pressure | Revenue Growth | Macroeconomic | Guidance Reliability | Margin | |
|---|---|---|---|---|---|---|---|---|
| 2024Q4 | 3 | 4 | 4 | 2 | 5 | 1 | 1 | 3 |
| 2025Q1 | 15 | 6 | 4 | 3 | 6 | 2 | 3 | |
| 2025Q2 | 7 | 5 | 5 | 1 | 1 | 3 | 1 | 1 |
| 2025Q3 | 6 | 5 | 7 | 3 | 1 | 1 | 1 | 4 |
| 2025Q4 | 6 | 8 | 8 | 5 | 1 | 1 | 2 | 2 |
| 2026Q1 | 3 | 3 | 4 | 6 | 2 | 2 | 3 | 1 |
| 2026Q2 | 5 | 1 | 1 | 5 | 1 | 5 |
| '24Q4 | '25Q1 | '25Q2 | '25Q3 | '25Q4 | '26Q1 | '26Q2 | |
|---|---|---|---|---|---|---|---|
| Demand | 3 | 15 | 7 | 6 | 6 | 3 | 5 |
| Competitive Dynamics | 4 | 6 | 5 | 5 | 8 | 3 | 1 |
| Pricing | 4 | 4 | 5 | 7 | 8 | 4 | |
| Cost Pressure | 2 | 3 | 1 | 3 | 5 | 6 | 1 |
| Revenue Growth | 5 | 1 | 1 | 1 | 2 | 5 | |
| Macroeconomic | 1 | 6 | 3 | 1 | 1 | 2 | 1 |
| Guidance Reliability | 1 | 2 | 1 | 1 | 2 | 3 | 5 |
| Margin | 3 | 3 | 1 | 4 | 2 | 1 |
| Analyst | Firm | Questions (Challenge)Percentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|
| Matt Boss | JPMorgan | 13 (0%) |
| Steve Wieczynski | Stifel | 13 (8%) |
| Ben Chaiken | Mizuho Securities |
| Brandt Montour | Barclays | 12 (8%) |
| Robin Farley | UBS | 12 (0%) |
| Jim Hardiman | Citigroup | 11 (0%) |
| Conor Cunningham | Melius Research | 11 (9%) |
| Dave Katz | Jefferies | 10 (0%) |
| Lizzie Dove | Goldman Sachs | 7 (0%) |
| Jaime Katz | Morningstar | 6 (0%) |
| Firm | Analysts | Questions (Challenge)Percentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|
| JPMorgan | 1 | 13 (0%) |
| Stifel | 1 | 13 (8%) |
| Mizuho Securities | 1 | 13 (0%) |
| Barclays | 1 | 12 (8%) |
| UBS | 1 | 12 (0%) |
| Citigroup | 1 | 11 (0%) |
| Melius Research | 1 | 11 (9%) |
| Jefferies | 1 | 10 (0%) |