FedEx Reports First Quarter Results

First quarter results were negatively affected by a mix shift, which reduced demand for priority services, increased demand for deferred services, and constrained yield growth. In addition, higher operating expenses and one fewer operating day negatively affected the quarter’s results. A reduction of structural costs from the company’s DRIVE program initiatives partially offset these factors.

“Despite a challenging quarter, we remain focused on transforming our network, improving our efficiency, lowering our cost-to-serve, and enhancing our ability to adapt with speed to evolving market dynamics,” said Raj Subramaniam, FedEx Corp. president and chief executive officer. “Overall, I remain confident in the value-creation opportunities ahead as we focus on reducing our structural cost, growing revenue profitably, and leveraging the insights from our vast collection of data as we continue to build the world’s most flexible, efficient and intelligent network.”
details at: https://investors.fedex.com/news-and-events/investor-news/investor-news-details/2024/FedEx-Reports-First-Quarter-Diluted-EPS-of-3.21-and-Adjusted-Diluted-EPS-of-3.60/default.aspx

Related Posts

Key Currency Exchange Rates for Friday, 3/1/24

American Dollar to Canadian Dollar = 0.736415; American Dollar to Chinese Yuan = 0.138929; American Dollar to Euro = 1.081362; American Dollar to Japanese Yen = 0.006640; American Dollar to Mexican Peso = 0.058728.

AAA Daily Fuel Gauge Report for Friday, 7/22/22

National Average Price for Regular Unleaded Current: $4.413; Month Ago: $4.955; Year Ago: $3.159. National Average Price for Diesel Current: $5.455; Month Ago: $5.812; Year Ago: $3.271.

The Postal Regulatory Commission Approves USPS’ Temporary Price Increase for Commercial Parcels

The Postal Regulatory Commission (PRC) has approved the temporary price increases for commercial domestic parcel products that USPS proposed last month. Retail prices for parcel products are unaffected. The planned commercial price increases for Priority Mail Express, Priority Mail, First-Class Package Service (FCPS) and Commercial Parcel Select will take effect Oct. 18, 2020 at 12 a.m. Central time and continue until Dec. 27, 2020 at 12 a.m. Central time. After that, prices will revert to 2020 prices. The temporary price adjustments are in response to heightened package volume due to the coronavirus pandemic, as well as expected increases in online shopping during the holidays. Details at: https://www.prc.gov/docs/114/114473/Order5673.pdf
Back To Top
×Close search
Search