FedEx delivers earnings surprise
Wall Street Breakfast
Seeking Alpha
3.8 • 950 Ratings
🗓️ 19 September 2025
⏱️ 6 minutes
🧾️ Download transcript
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| 0:00.0 | Welcome to Seeking Alpha's Wall Street Breakfast, where we cover the top news for investors every morning. |
| 0:08.0 | It's good to have you here on this Friday, September 19th. I'm Julie Morgan. FedEx delivers. |
| 0:15.0 | Cracker Barrel takes heat from a rival CEO and Novo Trim's staff as it battles Eli Lilly. FedEx Corporation is up 5% in |
| 0:25.3 | pre-market action after topping expectations with this fiscal Q1 earnings report. FedEx reported |
| 0:31.5 | revenue was up 2.8% year-over year to $22.2 billion in fiscal Q1. EPS came in at $3.83 versus $361 consensus and $3.60 a year ago. |
| 0:46.5 | Operating income was $1.3 billion during the quarter on an adjusted basis versus $1.22 billion consensus. The parcel delivery company reported |
| 0:57.8 | an operating margin of 5.8% versus 5.6% a year ago. Notably, FedEx said the planned spinoff |
| 1:06.1 | of FedEx freight into a new publicly traded company continues to advance. The business split is expected to be |
| 1:13.8 | executed by June of next year. Once separated, FedEx Freight will be under the ticker symbol, FDXF. Looking ahead, |
| 1:22.4 | FedEx sees fiscal year 26 revenue growth to be up four to six percent, an EPS of $17.20 to $19, with a midpoint of $18.10 |
| 1:34.8 | versus an $18.36 consensus. Cracker Barrel is facing more heat following its logo fiasco, this time from an activist investor. |
| 1:46.9 | Sardar Biglery, the CEO of rival chain's stake-in shake, has urged Cracker Barrel's shareholders to vote against the re-election of its CEO and director to the company's board. |
| 1:58.6 | In a proxy filing, Bigly called the current CEO Julie Massino |
| 2:02.8 | worse than mediocre and said the rebranding effort ranked among this century's worst brand blunders |
| 2:09.2 | alongside Bud Light and Jaguar. Biglary said he warned Cracker Barrel in November of last year against |
| 2:16.2 | rebranding, saying it would not work and could |
| 2:19.2 | damage the brand further. The investor and his holding companies currently owned 654,141 Cracker Barrel shares, |
| 2:28.1 | or a 2.9% stake. A spokesperson for Cracker Barrel told Fortune that they believe Biglery's unprecedented |
| 2:36.1 | seven proxy solicitations against the company in the past 14 years have been for purely |
| 2:42.0 | self-interested reasons, and that his own actions and poor performance at Steak and Shake |
| 2:47.8 | and Western Sizzlin remain cautionary tales. Bigglery first launched a proxy |
| 2:53.2 | fight to secure board seats at Cracker Barrel in 2011. He also owned steaks and restaurant chains |
... |
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