Caterer Sodexo Cuts Outlook as New CEO Tries to Boost Growth

Sodexo SA cut its full-year guidance as the caterer said under-investment, execution challenges and an uncertain external environment is hurting performance, sending shares as much as 19% lower.

The French company now expects organic revenue to grow 0.5% to 1% in fiscal 2026, down from a previous target of 1.5% to 2.5% growth. First-half results also missed expectations, with operating profit plunging 32%.