0819 ET - FedEx is battling a tepid industrial backdrop and uncertain demand but its cost-reduction plan seems to be moving forward, Raymond James analysts Patrick Tyler Brown and David Hicks say. FedEx lowered guidance for 2025, which the analysts attribute to shifting global trade policy and lingering cost inflation. At the same time, FedEx has ramped up savings through its DRIVE program, an effort to optimize operations and improve profitability. About $670 million in savings is expected in 4Q and another $400 million from the annualization of benefits is set for 2026, the analysts say. FedEx is also pushing forward the spin-out of its freight business. Shares fall 8% to $227 premarket. (katherine.hamilton@wsj.com)
(END) Dow Jones Newswires
March 21, 2025 08:19 ET (12:19 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。