The Q2 2024 financial report is out, and FedEx's strategic initiatives and cost-cutting measures have helped maintain stability. The slight decrease in EPS from Q1 to Q2 highlights ongoing challenges, but the company's proactive measures continue to support its bullish outlook.
Rahul mentions that FedEx's bullish outlook remains despite the slightly weaker Q2 performance. The company has successfully implemented significant cost-cutting measures, reducing structural costs by $1.8 billion, which has positively impacted its profitability and operational efficiency.
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