FedEx Q2 EPS $3.55 GAAP ($3.99 adj); rev $22.2B; FY rev outlook trimmed to down low-single-digit

FEDEX CORP

2024-Q2 EPS reported $7.79 revenue$43,846,000,000

Q2 GAAP diluted EPS $3.55 vs $3.07 YoY; adjusted EPS $3.99 vs $3.18 YoY.
Revenue $22.2B, down ~2.6% YoY; operating income $1.28B GAAP ($1.42B adj).
FedEx Ground cost per package down 2%; Freight operating income rose despite lower revenue.
FY2024 revenue forecast revised to low-single-digit decline from approximately flat.
FY2024 adjusted EPS outlook reaffirmed $17.00-$18.50; additional $1B share repurchase planned.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.85

FEDEX CORP reported for the fiscal quarter ended November 30, 2023 results: revenue $22.2 billion, net income $0.90 billion, EPS $3.55. Guidance reaffirmed.

Period: for the fiscal quarter ended November 30, 2023
Revenue: $22.2 billion
Net income: $0.90 billion
EPS: $3.55
Guidance: reaffirmed
Result: reported results

Exact text from the filing

November 30 (adjusted measures exclude the items listed below): Fiscal 2024 Fiscal 2023 As Reported (GAAP) Adjusted (non-GAAP) As Reported (GAAP) Adjusted (non-GAAP) Revenue $22.2 billion $22.2 billion $22.8 billion $22.8 billion Operating income $1.28 billion $1.42 billion $1.18 billion $1.21 billion Operating margin 5.8% 6.4% 5.2% 5.3% Net income $0.90 billion

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51 earnings releases filed in the last 30 days. Browse all earnings releases →

FEDEX CORP filing history →

Source: SEC EDGAR

accession 0000950170-23-071485

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