Royal Caribbean Group Introduces Perfecta Performance Program

1 month ago 35

Designed to drive continued superior performance, Royal Caribbean Group announced the Perfecta Program, a new three-year financial initiative. The program’s two main goals to be achieved by the end of 2027 include a 20 percent compound annual growth rate in Adjusted Earnings per Share compared to 2024 and a return on Invested Capital (ROIC) in the high teens.

While continuing to deliver the best vacation experiences responsibly and maintaining solid investment grade balance sheet metrics, the company remains dedicated to reducing its carbon intensity by 15 percent or greater as compared to 2024, ensuring sustainable and responsible growth.

The Perfecta Program’s clear financial targets align the organization around these priorities in order to drive strong financial performance and sustainable shareholder value creation. Perfecta builds on the success of the company's previous three-year Trifecta Program that launched in 2022 and concluded last year with goals achieved 18 months ahead of schedule. Perfecta builds on this momentum with even bolder targets for Royal Caribbean Group's next chapter of transformative progress.

Jason Liberty, president and CEO, Royal Caribbean Group said in a statement, "The Perfecta Program sets a clear course for Royal Caribbean Group's next ambitious ascent. It propels us forward with even greater ambition—driven by strategic execution, unmatched vacation experiences, and a relentless focus on innovation.”

He added, “As we drive towards delivering a lifetime of vacations and winning a greater share of the large and growing $2 trillion global vacation market, we remain committed to delivering exceptional value for our guests, employees and shareholders."

To achieve the new program's goals, Royal Caribbean Group plans to execute its proven formula of moderate capacity growth, moderate yield growth and strong cost control. The company has an exciting lineup of new ships and private destinations to be delivered by 2027, including Star of the Seas, Legend of the Seas, the fourth Icon Class ship, Celebrity Xcel, Perfect Day Mexico and two Royal Beach Clubs in Nassau and Cozumel.

The company says it expects to generate significant cash flow over the next three years and remains committed to disciplined capital allocation through strategic investments, a competitive dividend and opportunistic share repurchases, all while maintaining solid investment grade metrics. While Royal Caribbean Group may opportunistically repurchase shares, it does not forecast the impact of potential future share repurchases in setting the Perfecta goals.

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