FedEx Reports a 1% Decline in Q2 Revenue
FedEx Corp. disclosed on Thursday that its revenue for the second quarter of fiscal 2025 totaled $22.0 billion, marking a 1% decrease from the same period last year and falling short of analysts' projections.
Earnings and Income Drop
GAAP diluted earnings per share declined by 14.6% year-over-year to $3.03, while GAAP net income stood at $740 million. GAAP operating income also saw an 18% drop, reaching $1.05 billion compared to the previous year's second quarter.
Strategic Move: FedEx Freight Separation
In a strategic move, the company announced its plan to separate FedEx Freight, aiming to create two independent public companies. This decision is expected to bring more focus and efficiency to each entity.
Stay tuned for further updates on FedEx's financial performance and strategic initiatives.
Comments