Core Viewpoint - FedEx reported strong Q4 results for fiscal year 2025, exceeding Wall Street expectations in both revenue and profit, but management's cautious outlook for the future raised concerns among investors, leading to a nearly 5% drop in stock price after hours [1][3][4] Financial Performance - For Q4, FedEx achieved revenue of $22.2 billion and adjusted EPS of $6.07, surpassing analyst expectations of $21.8 billion and $5.87 respectively [3][4] - The company successfully completed its goal of $2.2 billion in structural cost reductions under the DRIVE plan for fiscal year 2025 [4][6] - Annual revenue slightly decreased from $87.7 billion in fiscal year 2024 to approximately $87.4 billion in fiscal year 2025 [4] Cost Control and Shareholder Returns - Cost control emerged as a key highlight, with FedEx achieving $4 billion in structural cost reductions since fiscal year 2023, and plans to cut an additional $1 billion in fiscal year 2026 [6][7] - The company returned approximately $4.3 billion to shareholders through $3 billion in stock buybacks and $1.3 billion in dividends, exceeding initial plans [4][6] Disappointing Guidance - FedEx did not provide full-year EPS guidance for fiscal year 2026, a significant change from previous practices, which raised concerns about management's confidence in future profitability [5][7] - The Q1 fiscal year 2026 adjusted EPS guidance is set between $3.40 and $4.00, below the market consensus of $4.05 [5][6] Structural Growth Challenges - FedEx faces structural growth challenges, including slowing e-commerce growth, weak enterprise shipping demand, and increasing international trade tensions [7] - The company's current strategy focuses on cost-cutting measures, which may not address the fundamental revenue issues [7]
联邦快递Q4业绩超预期,但不提供全年指引,盘后跌超5%| 财报见闻
Hua Er Jie Jian Wen·2025-06-24 21:37