FedEx Corp. (NYSE: FDX) announced that it would take $370 million in noncash goodwill impairment charges primarily related to its 2004 acquisition of Kinko’s, now known as FedEx Office.
In the late Friday filing with the U.S. Securities and Exchange Commission, the Memphis, Tennessee-based transportation and logistics giant reported it would be taking a $348 million charge related to “declining print revenue and temporary store closures at FedEx Office.” COVID-19 was cited as the reason for...
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