Reply To: FedEx Earnings Updated After Profit Warning Pinpoints Cost Cuts of $2.7 Billion

#47297
TradersCom
Keymaster

FedEx warns again
CFO at Baird 52nd Annual Global Industrial Conference and Morgan Stanley Industrial Conference.

We’re cutting back on vendor headcount
We’ve deferred number of projects
We don’t have full year earnings outlook for 2023
We’re focused on right-sizing the air network