FedEx Freight Guides for 4-6% Revenue Growth Post-Spinoff; Parent FedEx Forecasts 11% Growth
Summary
FedEx Freight, the recently spun-off entity, expects revenue growth of 4% to 6% for the period of June 1 to December 31, with EPS guidance of $1.75-$1.95 (or $2.40-$2.60 excluding spin-off costs). This follows the June 1 spin-off of the freight business, which saw its shares (FDXF) plunge on debut. Separately, parent company FedEx (FDX) forecasts 11% revenue growth for the calendar year, excluding the freight business, building on its strong Q4 results and positive CY2026 outlook announced earlier this week. This guidance provides crucial clarity on the financial outlook for both the newly independent freight entity and the more focused parcel delivery network of FedEx.
At the time of this announcement, FDX was trading at $329.00 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $78.6B. The 52-week trading range was $174.01 to $345.37. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Dow Jones Newswires.