FedEx's yearslong turnaround is facing a big test after executing on a major catalyst

FedEx has spent the last three years rebuilding its business. Investors now want to know if the payoff is finally arriving. FedEx reports is fiscal 2026 fourth quarter earnings on the evening of June 23, giving shareholders their latest look at the company's business turnaround. Shares of the package delivery company are up 42% year to date, as Wall Street increasingly embraces CEO Raj Subramaniam's transformation plan. …