Carnival recovers sales, sees record $5.4bn Q1 revenue, but stock decreases 9% in 2022.
Carnival, the leading global cruise operator, has fully recovered its sales after being halted during the pandemic. Despite this, the stock has decreased by 9% in 2022. The company has experienced record revenue, reaching $5.4bn in the first quarter of fiscal 2024 and deposits at an all-time high of $7bn. Investors have the opportunity to buy Carnival stock at a low price, considering it is still down nearly 70% from its pre-pandemic peak.
June 09, 2024
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