3 Keys to Carnival's 2020 Earnings
Carnival Corporation's (NYSE: CCL) fiscal fourth-quarter 2019 earnings, released on Dec. 20, provided shareholders with some hope that the cruise operator may see a more salutary 2020. As 2019 draws to a close, its shares have appreciated just 4% year to date. Still, last quarter's report, featuring better-than-anticipated results, demonstrated that the company is overcoming external headwinds and building earnings momentum.
During the organization's earnings conference call, CEO Arnold Donald boiled down management's near-term and intermediate-term strategic focus into three themes: demand, supply, and cost control. Below, let's discuss Donald's comments on these earnings keys to grasp how Carnival expects to keep growth on track next year and beyond.
In a discussion about the current cruise-demand environment, Donald mentioned a phenomenon that many multinational, consumer discretionary service providers are exposed to. The CEO stated: "As a global company, with nearly 50% of our guests sourced from outside the U.S., we are subject to uneven economies around the world. We have a large percentage of our portfolio weighted in regions that are currently challenged and this will remain a headwind in 2020."
Source Fool.com
