FedEx Kinko’s reports strong Q2


17 December 2004 – Memphis (TN): FedEx Kinko’s has reported a triumphant Q2, on the back of seasonable improvement resulting from solid back-to-school and pre-holiday demand.

Revenue was at $524 million, reflecting the continued international expansion and strong demand from signs and graphics, retail services and retail products, the company disclosed.

Operating income was $29 million with an operating margin of 5.7 per cent, which the company said was impacted by integration activities, including the launch of pack and ship services at each US location, the centralisation of the FedEx Kinko’s corporate office and store re-branding.

Earnings at parent company FedEx more than tripled for the quarter, thanks to double-digit growth in its international, ground-delivery and freight businesses.

Net income was $354 million, up from $91 million last year. Revenue rose 24 per cent to $7.33 billion.