Quote:
Profits just didn't grow at the rates some wanted. Still massively profitable. That's the problem with "the market". They want 5-10 percent increases every year. Just isn't possible even for the best ran companies.Originally Posted by Precontact
That's not exactly true, FedEx was sending planes to the desert and forecasting weaker demand prior to Corona. Guidance was lower.
Revenue:
- FedEx revenue for the quarter ending August 31, 2020 was $19.321B, a 13.33% increase year-over-year.
- FedEx revenue for the twelve months ending August 31, 2020 was $71.490B, a 2.58% increase year-over-year.
- FedEx annual revenue for 2020 was $69.217B, a 0.68% decline from 2019.
- FedEx annual revenue for 2019 was $69.693B, a 6.48% increase from 2018.
- FedEx annual revenue for 2018 was $65.45B, a 8.51% increase from 2017.
Profits
- FedEx gross profit for the quarter ending August 31, 2020 was $13.779B, a 13.41% increase year-over-year.
- FedEx gross profit for the twelve months ending August 31, 2020 was $50.224B, a 2.08% increase year-over-year.
- FedEx annual gross profit for 2020 was $48.595B, a 1.13% decline from 2019.
- FedEx annual gross profit for 2019 was $49.15B, a 4.63% increase from 2018.
- FedEx annual gross profit for 2018 was $46.975B, a 6.97% increase from 2017.