Wall Street Breakfast FedEx delivers earnings surprise
6 snips
Sep 19, 2025 FedEx surprises the market with impressive profit figures, prompting a rally in its stock and UPS as well. Activist investor Biglari makes waves by targeting Cracker Barrel's CEO in a heated proxy battle. Novo Nordisk announces layoffs for its U.S. sales team dedicated to obesity and diabetes education. Meanwhile, Nvidia secures a lucrative deal hiring a new CEO and licensing innovative AI tech. Also, Amazon faces a ruling over Prime billing practices, and Deutsche Bank's CEO braces for a multimillion-dollar lawsuit.
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FedEx Beats Expectations And Plans Split
- FedEx beat fiscal Q1 expectations with revenue, EPS, and improved operating margin, signaling operational resilience.
- Management plans to spin off FedEx Freight by June, creating a new publicly traded company (FDXF).
Guidance Shows Cautious Optimism
- FedEx projects fiscal 2026 EPS between $17.20 and $19 with revenue growth of 4–6%, slightly below analyst consensus at the midpoint.
- The guidance suggests cautious optimism as the company navigates separation and market conditions.
Activist Targets Cracker Barrel CEO
- Sardar Biglari, CEO of Steak & Shake, is waging another proxy fight against Cracker Barrel and its CEO Julie Massino.
- Biglari called the rebranding a major blunder and urged shareholders to vote against the CEO and a director.