Royal Caribbean Raises 2025 Guidance, Flags Headwinds

Multiple public companies issued updated FY2025 guidance, with Southern, Emcor Group, S&P Global, DT Midstream, Omnicell and WEX raising adjusted EPS outlooks, Bristol Myers Squibb narrowing its range and CBIZ reaffirming its full-year guidance. Rogers provided a Q4 outlook of adjusted EPS $0.40–$0.80 and sales of $190.0M–$205.0M versus consensus. Royal Caribbean Cruises reported third-quarter adjusted EPS of $5.75, modestly beating estimates, with revenue up 5.2% to $5.14 billion and net yields rising about 2.4% though revenue narrowly missed consensus. Management raised full-year adjusted EPS guidance to roughly $15.58–$15.63 (midpoint ~$15.61) but set Q4 guidance below analysts’ estimates and warned of near-term softness from adverse weather, the extended Labadee closure, moderate near-term yield growth and higher capital spending; shares fell after the update. Operational metrics showed capacity up about 3% and roughly 2.5 million vacations sold (up ~7%) with high guest satisfaction, but free cash flow weakened to about -$989 million, prompting investor concern about cash generation and debt reduction despite management’s emphasis on long-term investments in ships, destinations and technology. These guidance moves and outlooks are the type of real-time signals traders and investors monitor for shifting analyst expectations and market reactions.