FedEx lifts forecast before holiday shipping season

FedEx Corp. raised its profit and sales guidance for the year, another promising sign for parcel carriers heading into the all-important holiday shipping season. Adjusted earnings will be $18 to $18.60 a share in 2026, up from a prior forecast range topping out at $18.10, FedEx said Oct. 28 in a statement as it reported quarterly results. The company now sees revenue growth of about 12%. The improved outlook is a boon for the company’s ongoing network overhaul and suggests shipping demand is holding strong heading into the busy year-end months despite high prices and economic volatility. FedEx echoed rival UPS Inc., which raised its sales and profit outlook earlier this week. For the three months ending Sept. 30, FedEx’s adjusted earnings rose to $3.74 a share. Its revenue and operating margin improved as well. The courier’s shares were down about 2.2% after regular trading in New York. This year has been one of transition for FedEx, which recently spun off its freight division and sold its supply chain unit to CMA CGM Group, moves to allow FedEx to focus on its core parcel business. It’s also progressing through a sweeping overhaul under CEO Raj Subramaniam to merge the historically separate air and ground delivery networks. FDX Quotes by TradingView See more transportation stock listings The quarter also marked a change in FedEx’s reporting schedule as it moved to a fiscal year aligning with the calendar year. The company will now report quarterly results on a similar basis to UPS. The parcel business has struggled to rebound from several years…

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