“We are on track to invest $5.2 billion in CapEx for FY '25, which is flat versus FY '24, and we still anticipate strong adjusted free cash flow this fiscal year.”

In context

“contract termination. And as I just mentioned, we remain confident in our ability to offset these headwinds with $2.2 billion from incremental DRIVE savings. Further supporting this revised outlook is our commitment to revenue quality, including our latest demand surcharges, which are broader than they have been historically, and fuel surcharge table adjustments, as Brie mentioned. For the full year at the segment level, we continue to expect adjusted operating margin expansion at Federal Express. At FedEx Freight, assuming the challenging revenue environment persists, we now anticipate a modest decline in operating margins. At the midpoint of this new outlook range, we expect to deliver 15% adjusted EPS growth. Moving to capital allocation, in Q1, capital expenditures were $767 million. We are on track to invest $5.2 billion in CapEx for FY '25, which is flat versus FY '24, and we still anticipate strong adjusted free cash flow this fiscal year. We'll be allocating capital to the highest return segments of our portfolio, and we remain committed to improving our ROIC. Supported by our healthy cash on hand and strong adjusted free cash flow, we completed $1 billion in stock repurchases in Q1 and plan to repurchase an additional $1 billion in Q2. Overall, I remain confident in the transformation initiatives underway, which will translate to improved profitability in FY '25 and beyond. And with that, let's open it up for questions. Operator: [Operator Instructions] The first question today is from Brian Ossenbeck with JPMorgan. Please go ahead. Brian Ossenbeck: Hi, good evening. Thanks for taking the question. So, just wanted to see if you could give a little bit more color on the negative mix shift. It seems like it's pretty pervasi”