Company | Carnival

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Today let's talk about Carnival Corporation. It operates in the hotels, restaurants and leisure industry and was founded in 1972. In 1989, the company listed on the New York Stock Exchange, and in 1998 it was added to the S&P 500 index. For the last year, the Carnival Corporation has been headed by Josh Weinstein and a team of qualified managers.

The main competitors of Carnival Corporation are: Marriott International, Royal Caribbean Group and Norwegian Cruise Line Holdings. As you can see from the table on the slide, some of them are ahead of Carnival Corporation in terms of market capitalization. However, the company has a few competitive advantages.

Carnival Corporation's advantages are based on Broad market reach with a diverse range of cruises globally. Carnival is the world's largest cruise line, with a fleet of more than 90 ships. The brand portfolio includes Carnival Cruise Lines, Holland America, Princess Cruises and Seabourn. Operational magnitude allows competitive pricing, appealing to a wide audience.

Carnival Corporation published its latest report for the 2nd quarter of 2023 on June 26. 70% of the revenue structure is occupied by manufacturing costs, and 30% by gross revenue. Over the past quarter, the company made a loss of $407M. And its market capitalization now stands at $22B.

Over the past three months, Carnival Corporation stocks grew by 71.4%. At the same time, the consumer discretionary sector, which includes the company, increased by 17.5%, and the S&P 500 Index increased by 8.2%.

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