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News Digest / Ticker: SDXAY

Ticker: SDXAY

06:24am, Tuesday, Jul 02, 2024

Sodexo Shares Drop as Q3 Revenues Miss Analyst Expectations But Annual Targets Reaffirmed

Sodexo (EPA: EXHO) shares dipped post-third-quarter results, missing analyst revenue growth forecasts at 6.8% vs. 7.0%. Struggles in China and slowing price hikes impacted growth. Despite setbacks, Sodexo reaffirmed annual targets of 6%-8% organic revenue growth.