FedEx Sees "Continued Weakness"

Plus, Nike's declining China sales.

March 21, 2025

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Today is Friday, March 21, 2025.

The Early Bird Index today is 70.36

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FedEx Sees "Continued Weakness"

FedEx $FDX ( ▲ 2.2% ) posted mixed financial earnings results and a lower outlook on Thursday, sending the stock down 5.60% in after-hours trading.

Financials: FedEx reported earnings of $4.51 per share in the past quarter, which was lower than expected. The revenue was $22.2 billion, which was better than expected.

Powering the Story: The company also lowered its full-year earnings outlook (ouch!) due to “continued weakness and uncertainty in the U.S. industrial economy.”

Early Bird’s Nest Egg Gains: FedEx relies heavily on B2B shipments, and weak demand from an uncertain economy is a problem.

  • Other economic headwinds for FedEx include inflationary pressures, weak consumer confidence, and tariffs.

Final Thoughts: After a weak 2024, FedEx needed to turn things around in 2025. That doesn’t appear to be the case.

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Notables

Notable Earnings Today: Carnival (NYSE: CCL), NIO (NYSE: NIO), MINISO Group Holding (NYSE: MNSO), Sow Good (Nasdaq: SOWD).

Notable IPOs Today: RedCloud Holdings plc Ordinary Shares (Nasdaq: RCT), Baiya International Group Inc. Ordinary Shares (Nasdaq: BIYA).

Notable Equity Crowdfunding Campaigns Ending Today: Maggie’s Farm Rum (Honeycomb).

Notable Economic Events Today: N/A.

Nike's Declining China Sales

Despite posting better-than-expected financial earnings results on Thursday, Nike $NKE ( ▲ 1.9% ) fell 5.23% in after-hours trading.

Financials: Nike reported earnings of 54 cents per share and revenue of $11.3 billion in the last quarter; both were better than expected.

Details: Revenue, while better than anticipated, still fell 9% during the quarter (which was the holiday season).

Powering the Story: To make matters worse, Nike’s sales in China declined by 17%. This continues a trend of Nike struggling in China.

Also: Nike expects sales to decline in the current quarter due to challenges that include tariffs.

Final Thoughts: Bad times continue for Nike. The stock is down 28% in the last 12 months.

Micron Technology Sees Robust AI Demand

Micron Technology $MU ( ▲ 6.16% ) ticked up 0.96% in after-hours trading on Thursday after the computer memory and data storage company posted good financial earnings results.

Financials: Micron reported earnings of $1.56 per share and revenue of $8.05 billion in the past quarter; both were better than expected.

Details: The company claims robust artificial intelligence demand drove record data center DRAM revenue. Micron expects record quarterly revenue in the current period.

Final Thoughts: Micron has been a bright spot in the market this year. The stock is up about 18% in 2025.

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The contents of Early Bird are intended for informational and entertainment purposes only. They do not constitute trade or investment recommendations and they are not financial or legal advice. Readers are encouraged to consult licensed professionals for personalized guidance regarding their financial or legal situations.