0819 GMT - Sodexo's confirmation of its full-year guidance comes despite weakness in its European division, Bernstein analyst Sabrina Blanc writes. The food-management company's first-quarter sales missed a company-compiled consensus as organic growth in Europe came in significantly below expectations, Blanc writes. European organic sales grew at only 2% in the quarter, which was far below the 4.9% analysts had expected, she writes. The weak first-quarter performance is likely to weigh on the share price, Blanc added. Shares fall 5.6% to 74.75 euros. Over the past 12 months, shares are up 7.1%. (adam.whittaker@wsj.com)
(END) Dow Jones Newswires
January 07, 2025 03:20 ET (08:20 GMT)
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