Sodexo Shares Fall on First-Quarter Revenue Miss

Dow Jones

Jan 07, 2025

By Adam Whittaker

Sodexo shares fell after the company's first-quarter revenue missed consensus expectations.

In early morning European trade, shares were down 7.5% at 73.25 euros but remain up 5.2% over the past 12 months.

The French catering and food service company reported Tuesday 6.40 billion euros ($6.65 billion) in revenue for the first quarter, below a company-compiled consensus of 6.50 billion euros.

Organic revenue growth also missed expectations, at 4.6% on year compared with consensus expectations of 5.3%.

Sodexo's European division dragged its performance after losing contracts last year and seeing a downturn in project work, Bernstein analyst Sabrina Blanc wrote in a research note.

European organic growth was only 2%, compared with a Sodexo-compiled consensus of 4.9%, Blanc wrote.

Despite its first-quarter consensus miss, Sodexo confirmed its full-year guidance for 2025, and said it continues to expect organic revenue growth between 5.5% and 6.5%.

Write to Adam Whittaker at adam.whittaker@wsj.com

(END) Dow Jones Newswires

January 07, 2025 04:08 ET (09:08 GMT)

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Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"SDXAY","symbol_name":"Sodexo","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2501644227","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2501644227","pubTimestamp":1736240880,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Sodexo shares fell after the company's first-quarter revenue missed consensus expectations.In early morning European trade, shares were down 7.5% at 73.25 euros but remain up 5.2% over the past 12 months.The French catering and food service company reported Tuesday 6.40 billion euros  in revenue for the first quarter, below a company-compiled consensus of 6.50 billion euros.Organic revenue growth also missed expectations, at 4.6% on year compared with consensus expectations of 5.3%.Sodexo's European division dragged its performance after losing contracts last year and seeing a downturn in project work, Bernstein analyst Sabrina Blanc wrote in a research note.European organic growth was only 2%, compared with a Sodexo-compiled consensus of 4.9%, Blanc wrote.Despite its first-quarter consensus miss, Sodexo confirmed its full-year guidance for 2025, and said it continues to expect organic revenue growth between 5.5% and 6.5%.","collect":0,"end_time":0,"defaultTopTitle":"","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"SDXAY":"Sodexo"},"translate_title":"索迪斯股价因第一季度营收未达预期而下跌","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"SDXAY":0.9},"content_text":"By Adam Whittaker \n\n\n \n\n\nSodexo shares fell after the company's first-quarter revenue missed consensus expectations. \n\n\n  In early morning European trade, shares were down 7.5% at 73.25 euros but remain up 5.2% over the past 12 months. \n\n\n  The French catering and food service company reported Tuesday 6.40 billion euros ($6.65 billion) in revenue for the first quarter, below a company-compiled consensus of 6.50 billion euros. \n\n\n   Organic revenue growth also missed expectations, at 4.6% on year compared with consensus expectations of 5.3%. \n\n\nSodexo's European division dragged its performance after losing contracts last year and seeing a downturn in project work, Bernstein analyst Sabrina Blanc wrote in a research note. \n\n\n  European organic growth was only 2%, compared with a Sodexo-compiled consensus of 4.9%, Blanc wrote. \n\n\n  Despite its first-quarter consensus miss, Sodexo confirmed its full-year guidance for 2025, and said it continues to expect organic revenue growth between 5.5% and 6.5%. \n\n\n \n\n\n  Write to Adam Whittaker at adam.whittaker@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  January 07, 2025 04:08 ET (09:08 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"dataReport","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}