FedEx Posts Disappointing Q1 Results; Revises Fiscal 2025 Outlook
Weak demand for premium services in the U.S. hurt FedEx Corp.’s first-quarter results. The weakness in freight demand isn’t new, and last month the Memphis, Tenn.-based logistics firm said it would reduce headcount across FedEx’s back-office and commercial teams by 1,700 to 2,000 employees.
FedEx cites weaker than expected demand from manufacturers with many ditching priority shipping for cheaper options.
Hold rating with short-term gain potential, but long-term investment remains unattractive. Explore more details here.
FedEx also saw its adjusted operating margin expand by 40 bps to 8.5% in Q4’24. This clubbed with a 2% decline in average ...
FedEx reports first-quarter financial results Sept. 19. A look at what analysts are saying and key items to watch ahead of the report.
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