Catering group Sodexo's third-quarter revenue beats estimates

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July 1, 2022 1:10 AM EDT

FILE PHOTO: The logo of French food services and facilities management group Sodexo is seen at the company headquarters in Issy-les-Moulineaux near Paris, France, November 30, 2018. REUTERS/Gonzalo Fuentes

(Reuters) - French catering and food services group Sodexo on Friday reported better-than-expected revenue for the third quarter, citing strong growth in all business segments and geographies, helped by price hikes and post-Omicron volume recovery.

The Paris-based firm's revenue rose by 18.3% organically to 5.52 billion euros ($5.77 billion) in the three months ended May 31, against a 5.33 billion euro average estimate from analysts polled by the company.

Sodexo, which provides catering for businesses, industrial sites, military troops, government agencies, hospitals, schools and sports events, also confirmed the full-year outlook it had lowered in April

($1 = 0.9573 euros)

(Reporting by Federica Mileo and Diana Mandiá; Editing by Milla Nissi)


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