Sodexo's upgraded organic growth guidance for fiscal 2026 might be conservative after strong third-quarter results, Jefferies analyst Simon Lechipre says. The French food-services company had 2% on-year organic growth for the quarter. Its expectations are 1.2% to 1.5% for the full year, which implies that the fourth quarter will be flat, he adds. Shares are up 7% at 53.30 euros. (aimee.look@wsj.com)
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Sodexo's Upgraded Organic Growth Guidance Still Conservative — Market Talk
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Sodexo's upgraded organic growth guidance for fiscal 2026 might be conservative after strong third-quarter results, Jefferies analyst Simon Lechipre says. The French food-services company had 2% on-year organic growth for the quarter. Its expectations are 1.2% to 1.5% for the full year, which impli…