8/11/2023 0 Comments Fedex zone chart 2023![]() 31, in which it withdrew its previous guidance for fiscal year 2023 and declared that the slowing of the global economy had impacted business more than expected. ![]() The figures came as no surprise after the company released a preliminary earnings report last week for its first quarter, ended Aug. The Memphis logistics giant made $23.2 billion in revenue for the 2023 fiscal year’s first quarter, a 5.4% increase from the year-before quarter’s $22 billion. The company posted an adjusted net income of $905 million, a 23.9% drop from last year's $1.19 billion. As a result, the company plans to cut costs by between $2.2 billion and $2.7 billion in fiscal year 2023. View Gallery: See inside the FedEx super hub at the Memphis airportįedEx announced disappointing results in its first-quarter earnings Thursday, especially in its FedEx Express segment. ![]()
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