Thursday, February 12, 2026 at 2:18 PM
FedEx has set ambitious financial targets for fiscal 2029, aiming for $98 billion in revenue and $8 billion in operating income, reflecting a focus on higher-margin businesses.
The bank is projecting higher revenue and lower costs, after reporting a stronger net profit for the fourth quarter.
The lender issued more ambitious targets for the period through 2028 and expects revenue to grow more than 5% a year.
Under Armour expects revenue to fall at the milder end of its fiscal 2026 forecast, even as weak demand in its key North American and Asia-Pacific markets and tariff pressures persist into the new year.
The luxury company logged a 9.8% increase in fourth-quarter revenue amid hopes of a sustained luxury rebound this year.
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