FedEx Corp. expects to grow earnings per share as much as 19% annually over the next three years by targeting “high-value” customers and squeezing more efficiency out of its networks.
The three-year plan, the first strategic outlook under new CEO Raj Subramaniam, also calls for annual sales growth of up to 6%, even as package demand begins to slow following torrid growth early in the pandemic. Subramaniam took over as CEO on June 1 from founder Fred Smith, who remains executive chairman.