<p><strong>嘉年华</strong>(CCL -3.15%) (CUK -3.23%) 的股票在疫情初期经历了一段恢复之路，并获得了多种支持，包括美联储降息的影响。最近，当美联储暗示本月可能会再次降息时，嘉年华又获得了一次提振。</p>
<p>嘉年华的股票仍然远低于疫情开始前创下的历史最高点，其估值也低于历史标准。随着利率的下降，投资者对嘉年华股票感到兴奋。</p>
<p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MjkzNzMvdHdvLXBlb3BsZS1ob2RpbmctZHJpbmtzLWFuZC1yZWxheGluZy1vbi1hLWNydWlzZS5qcGcmdz03MDA?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MjkzNzMvdHdvLXBlb3BsZS1ob2RpbmctZHJpbmtzLWFuZC1yZWxheGluZy1vbi1hLWNydWlzZS5qcGcmdz03MDA"/></p>
<p>图片来源：Getty Images。</p>
<h2>嘉年华正驶向复苏</h2>
<p>嘉年华已恢复到其行业领先的业务，创下了收入、存款和营业收入的新纪录。它还享受着创纪录的高需求，票价也很高，并且保持着强劲的预订状态。收入报表上唯一尚未恢复到高位的是净收入，但现在已经是正值并且在增长。</p>
<p>然而，嘉年华仍然有巨额债务需要偿还。截至 2025 财年第二季度末（5 月 31 日结束），净债务仍超过 270 亿美元。</p>
<p>管理层正在采取多项措施来减少债务，包括偿还利息最高的票据和以更好的利率进行再融资，情况正在改善。净债务与调整后的息税折旧摊销前利润（EBITDA）比率从第一季度的 4.1 改善至第二季度的 3.7，股票也获得了 <strong>标准普尔全球</strong> 和惠誉的升级。如果利率再次下降，公司将能够以更好的利率进行再融资，并更快地偿还债务。</p>
<p>今天的嘉年华股票仍然便宜，交易价格为过去 12 个月销售额的 1.6 倍，远低于疫情前的水平，股票仍比历史最高点低 56%。随着财务状况的改善，过去一年上涨 93% 的嘉年华股票应该会更高。</p>

嘉年华邮轮

嘉年华存托凭证

<p>嘉年华邮轮的股票正在从疫情低点恢复，受到美联储潜在降息的推动。尽管交易价格低于疫情前的高点，但公司正经历创纪录的收入和需求，净收入增长积极。然而，它面临超过 270 亿美元的净债务，管理层正在积极减少这一负担。该股票目前的估值为过去销售额的 1.6 倍，过去一年上涨了 93%，随着金融条件的改善，预计将进一步上涨</p>

<p><strong>Carnival</strong>(CCL -3.15%) (CUK -3.23%) stock has been on a route to recovery from the early stages of the pandemic, and has received various boosts, including from the Federal Reserve cutting interest rates. It got another boost recently when the Fed signaled a cut is likely this month.</p>
<div class="lb-trans"><p><strong>嘉年华</strong>(CCL -3.15%) (CUK -3.23%) 的股票在疫情初期经历了一段恢复之路，并获得了多种支持，包括美联储降息的影响。最近，当美联储暗示本月可能会再次降息时，嘉年华又获得了一次提振。</p>
</div><p>Carnival stock still trades way below its all-time highs set just before the pandemic's start, and its valuation is lower than historical norms. As interest rates fall, there's cause for excitement about Carnival stock.</p>
<div class="lb-trans"><p>嘉年华的股票仍然远低于疫情开始前创下的历史最高点，其估值也低于历史标准。随着利率的下降，投资者对嘉年华股票感到兴奋。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MjkzNzMvdHdvLXBlb3BsZS1ob2RpbmctZHJpbmtzLWFuZC1yZWxheGluZy1vbi1hLWNydWlzZS5qcGcmdz03MDA" alt="" original-src="https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F829373%2Ftwo-people-hoding-drinks-and-relaxing-on-a-cruise.jpg&amp;op=resize&amp;w=700"/></p>
<p>Image source: Getty Images.</p>
<div class="lb-trans"><p>图片来源：Getty Images。</p>
</div><h2>Carnival is cruising toward recovery</h2>
<div class="lb-trans"><h2>嘉年华正驶向复苏</h2>
</div><p>Carnival is back to its previous industry-leading business, setting new records for revenue, deposits, and operating income. It's also enjoying record-high demand, with high ticket prices, and it's maintaining its strong booking position. The only thing left on the income statement that hasn't returned to highs is net income, but it's now positive and growing.</p>
<div class="lb-trans"><p>嘉年华已恢复到其行业领先的业务，创下了收入、存款和营业收入的新纪录。它还享受着创纪录的高需求，票价也很高，并且保持着强劲的预订状态。收入报表上唯一尚未恢复到高位的是净收入，但现在已经是正值并且在增长。</p>
</div><p>However, Carnival still has a huge debt to service and pay off. As of the end of the 2025 fiscal second quarter (ended May 31), net debt is still more than $27 billion.</p>
<div class="lb-trans"><p>然而，嘉年华仍然有巨额债务需要偿还。截至 2025 财年第二季度末（5 月 31 日结束），净债务仍超过 270 亿美元。</p>
</div><p>Management is taking many actions to reduce it, including paying off its highest-interest notes and refinancing more at better rates, and the situation is improving. The ratio of net debt to adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) improved from 4.1 in the first quarter to 3.7 in the second quarter, and the stock got upgraded from both <strong>S&amp;P Global</strong> and Fitch. If interest rates do go down again, the company will be able to refinance at even better rates and pay off the debt more quickly.</p>
<div class="lb-trans"><p>管理层正在采取多项措施来减少债务，包括偿还利息最高的票据和以更好的利率进行再融资，情况正在改善。净债务与调整后的息税折旧摊销前利润（EBITDA）比率从第一季度的 4.1 改善至第二季度的 3.7，股票也获得了 <strong>标准普尔全球</strong> 和惠誉的升级。如果利率再次下降，公司将能够以更好的利率进行再融资，并更快地偿还债务。</p>
</div><p>Carnival stock is still cheap today, trading at 1.6 times trailing-12-month sales, well below pre-pandemic levels, and the stock remains 56% off of all-time highs. As the financial situation improves, Carnival stock, which is up 93% over the past year, should soar even higher.</p>
<div class="lb-trans"><p>今天的嘉年华股票仍然便宜，交易价格为过去 12 个月销售额的 1.6 倍，远低于疫情前的水平，股票仍比历史最高点低 56%。随着财务状况的改善，过去一年上涨 93% 的嘉年华股票应该会更高。</p>
</div>

1 Reason to Be Very, Very Excited About Carnival Stock Right Now

- Carnival 股票在疫情初期后逐步复苏，受到美联储降息的提振。  
- 目前净债务超过 270 亿美元，管理层采取措施降低债务。  
- 随着财务状况改善，Carnival 股票在过去一年上涨 93%。  

目前有一个非常令人兴奋的理由关注嘉年华股票