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Home News French catering group Sodexo lags Q3 sales expectations

French catering group Sodexo lags Q3 sales expectations

by Uma Rajagopal
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2024 07 02T051114Z 1 LYNXMPEK61059 RTROPTP 4 SODEXO RESULTS

French catering group Sodexo lags Q3 sales expectations

(Reuters) – French food caterer Sodexo reported slightly lower than expected third-quarter sales on Tuesday, citing a change in how it accounts for project works related to a large contract in its Rest of the World segment.

Its third-quarter revenue rose 6.8% organically from a year earlier to 6.07 billion euros ($6.51 billion), missing a consensus forecast of 6.11 billion euros provided by the company.

The group, which will provide catering for the Paris Olympic Games and the Paralympics this summer, also confirmed its 2024 outlook.

($1 = 0.9319 euros)

 

(Reporting by Dimitri Rhodes and Diana Mandiá in Gdansk; editing by Milla Nissi)

 

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Uma Rajagopal has been managing the posting of content for multiple platforms since 2021, including Global Banking & Finance Review, Asset Digest, Biz Dispatch, Blockchain Tribune, Business Express, Brands Journal, Companies Digest, Economy Standard, Entrepreneur Tribune, Finance Digest, Fintech Herald, Global Islamic Finance Magazine, International Releases, Online World News, Luxury Adviser, Palmbay Herald, Startup Observer, Technology Dispatch, Trading Herald, and Wealth Tribune. Her role ensures that content is published accurately and efficiently across these diverse publications.