Sodexo plummets after guidance cut, 'very weak' H1

Sodexo SA

10/04/2026 08:55

** Shares in French catering and food services group Sodexo EXHO.PA plunge 15%, paring losses after falling as much as 19.9%, after it cut its full-year guidance following "very weak" H1 results

** "Sodexo reported a very weak H1 print, even against already reduced expectations," says J.P. Morgan, adding the 2026 profit warning "looks more troubling"

** The new guidance reflects "a more moderate commercial dynamic, execution challenges, and continued turnaround investments", according to TP ICAP Midcap

** J.P. Morgan points to a contraction in first-half profit margins, driven by "operational challenges and mix effects" and reduced operating leverage from softer growth

** Shares at lowest price since November 2020, and on track on for worst day since March 2025, when they closed 17.1% lower - LSEG data

 (Reporting by Dimitri Rhodes in Gdansk)

 ((dimitri.rhodes@thomsonreuters.com))