If the decline in Fedex’s earnings is not an indication that the marginal consumer is tapped out, I don’t know what is.
…Fedex stock tumbled as much as 11% after hours when it cut the top end of its full-year profit outlook and reported quarterly earnings below expectations on softer demand for package deliveries.
The company said that Q1 results were negatively affected by a mix shift, which reduced demand for priority services, increased demand for deferred services, and constrained yield growth. In addition, higher operating expenses and one fewer operating day negatively affected the quarter’s results.
Hat tip: Neil
I can fix this. Present legislation to pay FedEx to employ a portion of their air fleet to return illegal aliens to their country of origin in bulk.
You’re welcome.
Biden/Harris avoid blame for the economy by making everyone realize they are too stupid to know anything about the economy.
Seems to work… the saps want more of the same…
It’s scary to think about what it would take to wake up idiot voters since poverty, violence, inflation, war, opioid deaths, unemployment, open borders, rape and murder doesn’t seem to bother them.