2024-07-24 16:30:45 ET
Summary
- United Parcel Service had a disappointing second quarter, missing revenue and EPS estimates, leading to a 12% stock drop.
- Volume mix skewed towards lower-priced services in the US, impacting UPS's profitability and revenue growth.
- Acquisition of Estafeta in Mexico could benefit from nearshoring trend, but questions remain about the country's productivity and success of the strategy.
Investment Thesis
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For further details see:
UPS Stock: Why I Am Not Buying Into Management's Optimism