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.
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 attributed the poor results to higher operating expenses, a reduced demand for priority services and a single fewer ...
Hold rating with short-term gain potential, but long-term investment remains unattractive. Explore more details here.
FedEx, which reports fiscal 2025 first-quarter earnings Thursday after markets close, has seen its cost-cutting efforts ...
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