Sodexo slides as Q1 sales weighed by main market North America

Sodexo SA

08/01/2026 12:14

** Shares in  Sodexo EXHO.PA slide around 3% after the French caterer's Q1 organic revenue declined in North America, its biggest market

** "Negative organic revenue growth in North America is driving shares lower," says Morningstar analyst Ben Slupecki

** Organic revenue in the region dropped 1.5%, compared with 5.9% growth in the year-ago period, even as overall revenue rose 1.8%

** J.P.Morgan describes the 1.8% growth as "relatively muted," saying it reflects contract losses in Education and Business & Administration in the region

** Ongoing weakness in the core North American market and significant currency headwinds due to a weaker USD hindered the group's growth in the quarter, adds Alphavalue

 (Reporting by Dimitri Rhodes in Gdansk)

 ((Dimitri.rhodes@thomsonreuters.com))