FedEx sees FY24 adjusted EPS $16.50-$18.50, consensus $18.36

Sees FY24 revenue growth flat to low-single digits, consensus $91.13B. “In fiscal 2023, we delivered the early benefits of FedEx’s cost and efficiency initiatives, powered by our DRIVE program,” said Michael C. Lenz, FedEx Corp. executive vice president and chief financial officer. “We’re approaching fiscal 2024 with the same level of intensity, maintaining a continued focus on improving profitability to position the company for success in what remains a challenging demand environment.”