Sodexo Beats Forecasts on Strong Demand

Sodexo reported full-year revenue of €23.96 billion, topping analyst estimates as steady demand and higher prices aided its turnaround efforts. The catering group confirmed its fiscal 2027 forecast for organic revenue growth.

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The logo of French food services and facilities management group Sodexo is seen at the company headquarters in Issy-les-Moulineaux near Paris, France, November 30, 2018. REUTERS/Gonzalo Fuentes

SODEXO SA posted fiscal-year revenue of €23.96 billion ($26.86 billion) on Friday, beating expectations as turnaround efforts gain traction following North American setbacks. The result reflects organic growth of 2.0%, topping the consensus forecast of €23.78 billion and 1.5%.

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