“However, as a reminder, the postal service headwind is expected to increase in Q3 and will lessen in Q4 as we exit the fiscal year.”

In context

“ervices. As a result, we are revising our FY '25 adjusted diluted EPS outlook to $19 to $20 compared to the prior range of $20 to $21. At the top end of our range, we assume revenue is up a low-single-digit percentage, driven by a modest improvement in industrial production leading to higher flow through from B2B demand. At the low end of the range, we're assuming a low single digit decline in revenue due to incremental softness in the industrial economy and the pricing environment. Regarding our expected earnings cadence for the second half of the fiscal year, at Federal Express, we anticipate Q3 will benefit from ramping DRIVE savings, improved top-line flow through due to the timing of Cyber Week, continued revenue quality actions and the encouraging peak demand that Brie talked about. However, as a reminder, the postal service headwind is expected to increase in Q3 and will lessen in Q4 as we exit the fiscal year. And the Q3 postal service headwind will more than offset the benefit of the Cyber Week timing shift. We continue to anticipate DRIVE savings to build incrementally in Q3 and Q4 with a full year total of $2.2 billion. At FedEx Freight, we expect a continued softness in the U.S. Industrial economy and lower fuel prices to pressure op profit for the remainder of FY '25. Finally, our fourth quarter is typically our strongest earnings quarter of the year. We expect this dynamic to continue despite having one fewer operating day in Q4. I'd now like to turn to our latest full year adjusted operating income bridge, which shows the year over year operating profit elements embedded in our revised outlook. This bridge now reflects adjusted operating profit of $6.6 billion equivalent to $19.50 of adj”