Consultant Insight: Reality hits FedEx as it announces disappointing Q1 results

Photo: FedEx

In a surprise move, FedEx announced preliminary earnings a week ahead of their fiscal 2023 Q1 earnings. “Global volumes declined as macroeconomic trends significantly worsened later in the quarter, both internationally and in the U.S.,” said FedEx President and Chief Executive Raj Subramaniam. “We are swiftly addressing these headwinds, but given the speed at which […]

 

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