1552 GMT - Sodexo's profit warning calls into question whether the company will be able to fully deliver on its strategic plan, Bernstein analysts say in a research note. The French catering company cut its expectations for fiscal 2025 for both organic revenue growth and profitability, citing weakness in North America. "More importantly, we see more uncertainty on the following years, which prompts us to decrease our EBIT estimates further, by -5% in 2026 and -6% in 2027," the analysts say. Bernstein cuts its price target on Sodexo to 73.20 euros from 86.80 euros. Shares fall 17% to 60 euros, on track for their biggest one-day percentage drop since 2002. (adria.calatayud@wsj.com)
(END) Dow Jones Newswires
March 20, 2025 11:52 ET (15:52 GMT)
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