United Parcel Service (NYSE: UPS) gave its first investor conference since 2014 on Tuesday and updated investors on its progression toward previous targets and its outlook for 2018-2019. In a nutshell, UPS management did two key things:
Back in 2014, management forecast that revenue growth in the 2015-2019 period would average 5%-7%, with operating profit growing 8%-11%, but the updated forecast for 2018-2019 calls for 4%-6% revenue growth with operating profit set to grow 5%-9%. What’s changed?