Holiday delivery expenses take toll on UPS
Sandy Springs-based UPS warned Friday that its profits will take a hit from extra expenses during last year’s holiday delivery season, when the company was striving to renew its reputation for on-time shipments.
UPS said it expects its fourth quarter earnings per share to come to 49 cents, while its adjusted earnings per share for the quarter is expected to be $1.25, significantly missing expectations.
“Clearly, our financial performance during the quarter was disappointing,” said UPS CEO David Abney in a written statement. “Though customers enjoyed high quality service, it came at a cost to UPS.”
About the Author
As business team lead, Kelly Yamanouchi edits and writes business stories. She graduated from Harvard and has a master's degree from Northwestern.
